I'm presently without wheels so will soon be buying a 'cheap as chips' car as a stop gap, just to get me back on the road, get me through Christmas and keep me mobile until I get a bit of time in January to look around at available cars.
I'm wondering if there's some legal way I can avoid putting my name on the V5 of this 'stop gap car'. It seems a shame to add an extra owner for the sake of 6 weeks ownership. And, of course, my selling the car almost immediately after buying it will look suspicious to potential buyers and could reduce the selling price!
So to this end, could I just buy a car as a trader (even though I'm not one!)? Presumably if I just transfer my present car insurance over to whatever car I buy that will be fine and dandy? And how would the tax work? Any other potential issues?
I've only ever bought and sold cars privately. I'd appreciate input from anyone who knows about buying/selling as a trader. Thanks!
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