Can I Sell an Inherited Car?
By Motor Match • 01/02/2024
Inheriting a car can be a mixed blessing. On the one hand, it's exciting to come into possession of a vehicle, but on the other hand, you may not know what to do with it.
Can I Sell an Inherited Car? What You Need to Know
One common question is whether you can sell an inherited car. The answer is yes, but there are a few important things to consider first. In this blog post, we'll take you through the legal and administrative considerations you should be aware of when selling an inherited car in the UK. So, let's get started.
Establish Legal Ownership
Before you can sell an inherited car, you need to establish legal ownership. This is typically done through a Grant of Probate. This document gives you the legal right to manage and distribute the deceased's assets, including any vehicles they owned. Without this document, you won't have the legal authority to sell the car. Once you have the Grant of Probate, you can then transfer the car into your name and begin the selling process.
Gather All Necessary Vehicle Documentation
Once you've established legal ownership, you'll need to gather all the necessary vehicle documentation. This includes the V5C, service history, MOT certificates, and insurance records. The V5C is particularly important, as it proves legal ownership and is required for the sale of the vehicle. Without it, you won't be able to sell the car.
Notify the DVLA of the Change in Ownership
Another important step when selling an inherited car is notifying the DVLA (Driver and Vehicle Licensing Agency) of the change in ownership. This is a legal requirement and must be done within four weeks of the sale. To do this, you'll need the V5C, which you should have gathered in the previous step. You can do this online, by post, or at a local Post Office.
Consider Your Selling Options
Now that you have everything in order, it's time to consider your selling options. There are several ways to sell an inherited car, including private sale, using a car buying service, or using an online car selling platform like Sell2Swansway. Private sales can often be more lucrative, but they require more time and effort on your part. Car buying services can offer a quick and hassle-free sale. Online car selling platforms can be a good option if you want a quick sale and a fair price.
Selling an inherited car can seem daunting, but it doesn't have to be. By following the steps outlined in this blog post, you can ensure a smooth and successful sale. Remember to establish legal ownership, gather all necessary vehicle documentation, notify the DVLA, and consider your selling options. And if you're ever unsure about any of the steps, don't hesitate to seek professional advice and guidance. With a little preparation and research, you can sell your inherited car with confidence.
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