A quick answer for anyone searching online with the question: ‘Can I sell my car without the V5 logbook?’ Is ‘Yes’.
There is no law stating that you need the V5 logbook because this is simply a record of who the car’s registered keeper is and does not prove ownership.
Also, the details on the form can be checked with DVLA directly to ensure that the document is genuine.
You don’t even need the V5 if the logbook is lost as you can notify DVLA about the change of ownership of your car – including when you scrap it.
Lost a V5 logbook
If you have lost a V5 logbook, then you need to carefully search for it because having it in your possession makes the process of selling or transferring ownership much easier.
Also, selling a car without a logbook may arouse suspicions in the potential buyer’s mind – whether they are a member of the public or a professional car buyer.
This is despite the fact you may have a legitimate reason for the V5 being missing because the question will arise that the car may have been written off or stolen at some point previously.
And while it’s easy getting a replacement V5 logbook, if you’re not willing to wait for this process to complete then it may highlight that you may be in a hurry to sell your car.
Selling a car without a V5 logbook
There’s another issue when selling a car without a V5 logbook, and that’s the fact that a buyer may try to haggle over the price.
They may believe that you are trying to sell quickly, and you may struggle to sell your car to a dealership since they tend to be very keen on having the documentation when buying.
There’s also the issue that the seller may have taken out a logbook loan, so they have borrowed money on the value of the car, and they have handed over the V5 logbook as collateral.
Also, this issue of not having a V5 also extends those who are looking to scrap their car for cash.
As mentioned, most scrap yards will not require the V5 but they will need proof of identification and your address as proof of who they bought their car from.
If you’re looking to get the best price when scrapping a car, then you need to speak with the team at comparemyscrapcar.com, particularly if you have issues about whether you need to do so with or without the V5 logbook.