Leasing vehicles and Private number plates?
- Thread starter GAM
- Start date
warksfarmer
Member
M-J-G
Member
Mate of mine just did it.
Considering that vast number of vehicles in the UK aren't owned by the driver it must be common that the only thing that will be owned is the registration
Considering that vast number of vehicles in the UK aren't owned by the driver it must be common that the only thing that will be owned is the registration
Exfarmer
Member
- Location
- Bury St Edmunds
The log book will be in your name as you are the registered keeper. It clearly states that it is not a certificate of ownership
The log book is in the Finance companies name, this why I’m asking the question..
The log book is normally in the lease companies name. This way they charge you £50 admin fee for every parking and speeding fine
Exfarmer
Member
- Location
- Bury St Edmunds
The law clearly states that the name in the log book should be the person who normally keeps and uses the vehicle. Do not see how this can be the finance co. Our latest vehicle bought by my company is quite clearly registered to my fellow director
Sorry that’s not correct. Please post where it says that in law. Happy to be wrong as last 5 lease cars have never been in my name
Exfarmer
Member
- Location
- Bury St Edmunds
Try a quick google I have not got the time !
Do you get a V5 with a lease car? While you are named as a registered keeper of a lease vehicle, you will not receive a V5 document from the DVLA. The registered owner (the finance company) keeps this instead. Not holding the V5 can prove challenging if you want to do specific things
Yes but you said “ the law clearly states…. “ it doesn’t.
- Location
- East Yorkshire
Exfarmer
Member
- Location
- Bury St Edmunds
The dvla seems to think so
No it doesn’t! DVLA say the owner is the owner… the driver or keeper is different
Exfarmer
Member
- Location
- Bury St Edmunds
Exactly , the V5 lists the keeper not the owner
- Location
- Westish Suffolk
Personal plates are just vulgar.
Discuss
Flak jacket on!
Discuss
Flak jacket on!
Exfarmer
Member
- Location
- Bury St Edmunds
looking further into the issue it would appear there are weasel words on the OSV website.
In all normal use for anything but short term hire it would be usual for a the V5 to be changed to the keeper of the vehicle. However Car hire companies like to keep control of the V5 since they can then levy charges every time they get the chance. so if you are caught speeding, parking etc they levy an administration fee on collecting this sum from you. further you will not be able to argue out of this as it will be automatically be paid and deducted from your credit card before you probably know anything about it.
The VE103B document they should issue, at a cost of course, was only ever intended as a document of proof for European countries where it is compulsory to have the documents in the vehicle at all times.
Their argument for keeping the V5 is lit makes easier for fraudsters to sell the vehicle on even though it clearly states on the front that the holder is not necessarily the owner
In all normal use for anything but short term hire it would be usual for a the V5 to be changed to the keeper of the vehicle. However Car hire companies like to keep control of the V5 since they can then levy charges every time they get the chance. so if you are caught speeding, parking etc they levy an administration fee on collecting this sum from you. further you will not be able to argue out of this as it will be automatically be paid and deducted from your credit card before you probably know anything about it.
The VE103B document they should issue, at a cost of course, was only ever intended as a document of proof for European countries where it is compulsory to have the documents in the vehicle at all times.
Their argument for keeping the V5 is lit makes easier for fraudsters to sell the vehicle on even though it clearly states on the front that the holder is not necessarily the owner