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Selling Chassis in bits

sevaun - 7/12/10 at 12:11 PM

Hi
very sadly I'm having to move my book built Locost on as I now have a single seater hillclimber taking up garage space.
I had thought of selling it as a whole, but as it's book built I guess the value would not be very high and potential buyers few.
My alternative is to break it and sell the parts and chassis separately with V5.

If I do this will I have to inform the DVLA?

Thanks

Sevaun

speedyxjs - 7/12/10 at 12:13 PM

Is the locost built and road legal?

sevaun - 7/12/10 at 12:26 PM

Hi speedyxjs
Yes it was SVA'd and registered in 2005 with an age related plate (1974)
It's mailny been used for hillclimbing and has only done a bit of "testing" road work and to and from mot station annually.
It's currently sorned.

Thanks

Sevaun

matt_gsxr - 7/12/10 at 12:34 PM

if you sell it as bits you will get more money, but it will take longer and be more bother.

If you sell the chassis with v5 then just do the standard transfer of ownership (like when you sell a car). Basically a chassis IS a car in the eyes of the DVLA, the rest of the bits are just details. The new owner will probably have to update DVLA of the engine number and colour once they "refit" these parts.

Matt

marcjagman - 7/12/10 at 01:26 PM

First dibs on the chassis mate. Not too far away either.

matt_claydon - 7/12/10 at 03:41 PM

quote:
Originally posted by matt_gsxr
if you sell it as bits you will get more money, but it will take longer and be more bother.

If you sell the chassis with v5 then just do the standard transfer of ownership (like when you sell a car). Basically a chassis IS a car in the eyes of the DVLA, the rest of the bits are just details. The new owner will probably have to update DVLA of the engine number and colour once they "refit" these parts.

Matt

Not quite; in order to retain it's identity, a car needs 8 points from the DVLA list. The chassis is only worth 5 points so officially you need some elements of the running gear not to be deemed a 'radically altered vehicle'.

Peteff - 7/12/10 at 03:56 PM

How much is it worth in bits? A registered car is going to be worth more than it's accumulated parts unless you used top dollar everything when building it. Anybody wanting to buy the chassis with V5 will obviously only want the V5 so I will offer you the cost of IVA for the chassis on the strength of that Dibs my @rse.

[Edited on 7/12/10 by Peteff]

sevaun - 7/12/10 at 04:32 PM

quote:
Originally posted by Peteff
Anybody wanting to buy the chassis with V5 will obviously only want the V5 so I will offer you the cost of IVA for the chassis on the strength of that Dibs my @rse.

[Edited on 7/12/10 by Peteff]

This occured to me that someone might be willing to pay the cost of IVA PLUS a premium for not having IVA hassle etc PLUS a cost that could be re-couped from selling the chassis on as a non IVA'd chassis. The total of this could possibly be worth substantially more than the intinsic value of the chassis, yet still provide a hassle free way of getting an IVA at not too much cost for the purchaser - hence we both win!

Sevaun

slingshot2000 - 7/12/10 at 04:56 PM

quote:
Originally posted by sevaun

quote:
Originally posted by Peteff
Anybody wanting to buy the chassis with V5 will obviously only want the V5 so I will offer you the cost of IVA for the chassis on the strength of that Dibs my @rse.

[Edited on 7/12/10 by Peteff]

This occured to me that someone might be willing to pay the cost of IVA PLUS a premium for not having IVA hassle etc PLUS a cost that could be re-couped from selling the chassis on as a non IVA'd chassis. The total of this could possibly be worth substantially more than the intinsic value of the chassis, yet still provide a hassle free way of getting an IVA at not too much cost for the purchaser - hence we both win!

Sevaun

This sounds very naughty and totally illegal. It could allow a total death trap onto the roads, there are sensible reason why IVA exists. It is 'ringing' too! Should be frowned upon and not allowed.

andrew - 7/12/10 at 05:07 PM

how much do you want for complete car,,,,,,,,,,,,,,,/

cliftyhanger - 7/12/10 at 06:07 PM

Of course it is VERY likely somebody will buy the car, and it will be "rebuilt" PDQ, and then all the bits of the original car sold off, Me a cynic?? Of course not, just a realist.
And I am not keen on the term "ringing" it implies criminal activity as opposed to enthusiasts being creative.
So If I repair my old spitfire, and use a secondhand chassis, it is ringing (the car should be issued with a Q plate) Is it wrong. No. It is stupid to apply these rules with this type of vehicle. All IMHO of course

sevaun - 7/12/10 at 06:27 PM

quote:
Originally posted by slingshot2000

quote:
Originally posted by sevaun

quote:
Originally posted by Peteff
Anybody wanting to buy the chassis with V5 will obviously only want the V5 so I will offer you the cost of IVA for the chassis on the strength of that Dibs my @rse.

[Edited on 7/12/10 by Peteff]

This occured to me that someone might be willing to pay the cost of IVA PLUS a premium for not having IVA hassle etc PLUS a cost that could be re-couped from selling the chassis on as a non IVA'd chassis. The total of this could possibly be worth substantially more than the intinsic value of the chassis, yet still provide a hassle free way of getting an IVA at not too much cost for the purchaser - hence we both win!

Sevaun

This sounds very naughty and totally illegal. It could allow a total death trap onto the roads, there are sensible reason why IVA exists. It is 'ringing' too! Should be frowned upon and not allowed.

Precisely the reason for my post! I'm trying to find out what is allowed by the authorities and what isn't. I don't want to break the law, simply to get the best price for all the work I put into the car.
What is regarded as ringing to one person is not necessarily so by another. After all anyone could buy a rotten 1974 escort Mk2 bare shell with V5 and buy all the rest of the bits off e bay to restore it and it would be legal even though it was built by an amateur.
My chassis is SVA'd and sorned hence it is considered sound and roadworthy by the authorities. Before anyone could use it it would need to pass an MOT anyway to prove road worthyness.
Interesting debate though.......

Sevaun

britishtrident - 7/12/10 at 06:59 PM

It isn't really the same as ringing a Dutton .

The only two bits with identity are the chassis & engine, provided the new buyer dosen't alter the design and simply fits replacement components of the same design I don't see a problem. The problem is can you trust the buyer to do this.

One way round the trust issue problem would be for you to sell the car together with some of the missing components --- ie an escort axle and gearbox

sevaun - 7/12/10 at 08:19 PM

quote:
Originally posted by andrew
how much do you want for complete car,,,,,,,,,,,,,,,/

About Ł4k I guess would be a fair price. It's a redtop engined (on R1 carbs) traditional looking car with aluminium panel work,

See pic in my archive locost with xe installe.jpg

Sevaun