A car title tells you who owns the vehicle, and without it, you can’t prove the vehicle is legally owned. If you purchase through financial deals, then the lender holds the title until you settle the loan. This car title is essential when you decide to register or sell the vehicle, and it acts as evidence of ownership. It includes identifying the vehicle details like its make, model and Vehicle Identification Number. So, when you are obliged to buy the vehicle, you also need to look at who owns the vehicle currently. Few motorists might hide its potential risks like not settling the unpaid debts and having an accident history. This untold story might put you in financial loss when you failed to check car details beforehand. Here,
Brief detail about how to find car owner
Process of transferring car ownership.
How To Find A Car Owner For Purchasing The Used Car?
As already said, the car title is an essential factor to register the vehicle, and you have to know where the vehicle is from. Does it mean there is a need to check whose number plate is this before agreeing to the seller offer? Let discuss how to find who owns the vehicle?
It is quite impossible to tell the vehicle owner through the vehicle check online. It’s a fact that you can track if the vehicle is at high risk through the registration number itself. But the owner details is something that can’t able to tell car owner. However, from the online check, you can get the answer for car ownership history. It means the portal tells you the count of the previous vehicle owner and remember more than four previous owners are hard to sell.
Therefore, the portal answers to how many previous owners the car has had with the primary information to decide the vehicle are worth buying.
But to know the car owner details, the only way is to request the DVLA. Yes, the DVLA is the one who holds the information about the vehicle owner and only if they allow you to disclose the information you can receive it.
Moreover, the easiest way to find the car owner is through the vehicle registration document. Yes, you can check the current and last previous owner details and ensure who has the car title before.
Though the process is simple, you have to spend a few bucks to disclose the information as the data is private and can’t look just like that.
How To Transfer The Vehicle Ownership?
Transferring car ownership is a critical thing after buying any used car. It is a mandatory process to change ownership to avoid potential risks in the future. Therefore to find a car owner is the first step to proceed with the process of ownership transfer. After knowing who the original owner of the vehicle is, it will be easy for the buyer to take over the further steps on the vehicle.
Is Transferring Ownership A Complicated Process?
Not at all. It was a little tricky when the paperwork involves. But nowadays, with the help of the online, you can just get it done in few minutes. However, it is essential to check car details to know if the car is genuine before purchasing. Once you change the vehicle ownership, you become liable for all the issues with the used vehicle.
For instance, if you bought home a vehicle with finance without knowing it right before the purchase, then you are the person who is liable to pay off the loan. Else the vehicle will be ceased but the finance company. The case is even worse in with a stolen vehicle. Hence it is essential to check car ownership history and then changes the vehicle ownership accordingly to escape from unwanted complications.
Can I Change Vehicle Ownership Online DVLA?
Yes, you can exchange them with the help of DVLA online. To change the vehicle ownership, you need to complete a form on the DVLA website and submit it. Later, you will receive an email confirming the change of ownership, which makes the process much easier than usual. If you have included the new owner email address, then they will also get the confirmation mail. Within a week, the new owner will get a physical V5C document and officially, the ownership has been changed successfully. It also confirms that you have sold the car with DVLA with proof of ownership.
Will I Be Penalized If Not Changed My Car Ownership?
If you do not inform the DVLA about your old car, then there are chances you might be penalized. Apart from the penalty, you will also be liable for the sold car. Hence, transferring car ownership after every used car purchase is a legal parameter and must be taken into account seriously by every UK citizen.