Buying an M3 from a trader,help needed!

Im looking at buying an E36 M3 3.0 from a trader,ive done a hpi check and its all clear but the trader hasnt got the blue part of the V5 logbook. He says its because its had a plate transfer and if i buy the car he will supply me with a V62 logbook application form. Does this sound ok ?

Im supposed to be picking the car up tomorrow nite and he said he will supply me with the V62,he's got the green part of the V5 but not the blue part. Surely if there was anything to worry about it would show up on the hpi report wouldnt it ?

Does the HPI report show number of owners. As he might be doing this to get a buyer as its had for example 12 owners. I cant remember if HPI shows this. But if it does not it is something to take in to consideration.

Tristan

In a normal transaction-

The Green bit should be the only part a new owner gets. The old owner  or dealer should be filling in the new owner details on the blue bit and sending that to the DVLA. The DVLA then send a new registration document to the new owner. In the meantime the green bit is what you legally require to show for licensing, police checks etc.

If the document is away because of a personal plate change then the new registration will show the original owner but a new registration number and you will need to get the owner details changed. The DVLA will also be returning the document to the previous owner or the dealer. The MOT and the licence will also be suffering the same fate to change its plate details.

Much simpler to visit a local VRO and have it done while you wait, but too late for that. Who sent the documents away?

You would need a V62 if the registration document was lost and you needed to apply for a fresh one. Not the case here, if you get the returned documents.

On the green bit you will see the registration number and an i.d. digit.

Look on the road licence (if it has one) and note that this digit is also shown here next to the reg. number. Of course in your case the green bit will not now match the new plate details to be issued by DVLA. What plate is on the car?

Personal plates can be a hassle.

Well that's confused me now so I'll be off and you can mull it over.

It is fairly normal for cars like these to have plate transfers showing dure to the number of personal plates around.

The number on the car I assume is a personal one if it has been there for three years and the documents are away getting a transfer? The new number will be issued by the DVLA and you will need to re-plate the car.

The HPI check may be showing 1 plate change putting a personal plate on and another taking it off, if DVLA have already processed this. 

My vehicle is like this. The previous 1 owner had his own personal plate.

So it went Original plate changed to Personal changed to DVLA issued changed to mine 3 plate changes and two in very short timescale and of course I'd be removing mine before selling, so it all happens again.

BTW I have had 2 HPI checks which turned out to be incorrect, caused by plate changes with information remaining from a previous vehicle. A 1995 M5 LE showed up as a 1990 previous write off in silver. Turned out a 1990 Mercedes carrying the plate had been written off.

HPI carries a warranty though I believe.

If the car has been on the current number for three years then why is the V5 blue part away. Not for a plate change surely.

During these 3 years in order to get a tax disk the V12 renewal document, MOT and Insurance all have to be presented to the tax disk issuer (Post Office normally) and carry the same registration?

If the green part has the same number as is displayed on the car, then the car checks out but is the ownership being changed by the V5 blue part being with DVLA.

Post Offices used to able to deal with vehicles using a V62 but to tighten up on fraud only DVLA or VRO's (Vehicle Registration Offices) will deal with them now.

It is worth a phone call to check if they will assist. Hey, What is the worst that can happen.

Liked your link to the RAC

I was in exactly the same position when I bought my car. I didn't worry about it and as expected the new V5 turned up on my doorstep a few weeks after buying the car.