auctions terminology

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sendmyusername
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auctions terminology

Post by sendmyusername » Sat Jan 04, 2014 3:15 pm

looking at cars in kinross auction.
regards the v5 it has t/a, and t/f
i know t/a means you have to apply, but what does that involve, and can it mean the car is not legit ?
no idea what t/f means.
also what does 'plate comes off' mean ?
what sort of costs are involved ?
is it normal for 5 out of 6 cars not to have the v5 ?

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robin
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Re: auctions terminology

Post by robin » Sat Jan 04, 2014 4:57 pm

If they've been repossessed it might be quite common.

No idea what t/f means, though ... calling Mr Boag ...
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H8OAG
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Re: auctions terminology

Post by H8OAG » Sat Jan 04, 2014 5:57 pm

robin wrote:If they've been repossessed it might be quite common.

No idea what t/f means, though ... calling Mr Boag ...
To Follow.......

Whilst I would not readily buy a smoker without a V5 from a private individual, you are to a certain extent protected when buying through an auction .

Loads of cars change hands without V5 mainly due to the gross temple of inefficiency that is the DVLA . Cherished transfers are taking over three weeks since the local offices closed
I would empower auction houses/garages/post offices etc to facilitate the same services locally

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sendmyusername
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Re: auctions terminology

Post by sendmyusername » Sun Jan 05, 2014 9:50 am

Cheers hoag, the t/f was the main one that was befuddling me.
Normally I wouldn't even look at a car without the v5, as you have no way of knowing if you are looking at the correct car, or if it is really the guys car.
The kinross auction give you a garaunteed refund if car turns out to be nicked or have outstanding finance on it, however that doesn't take into account anything you have spent on it since ownership.
Mainly looking at the three year old motors, can't understand why they wouldn't have v5's when most are trade ins, with only one owner ?
(most garages don't send away the slip)

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tut
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Re: auctions terminology

Post by tut » Sun Jan 05, 2014 10:42 am

It is fixed on with velcro.........(will get my coat) :D

tut

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