New v5's are being issued to all registered keepers after a break in at dvla in which thives took 130,000 unused old, blue, v5 log books. these have turned up being given with stolen and ringed cars so the decision was made to change the color and re-issue to every keeper on the data base at that time and since.
I remember one of my erstwhile colleagues slagging me off in front of others, (big mistake), about my "old" T4 van. The person in question had just picked up her new car.
I asked how much of this new car did she own? The back wheels? She said it's her car, her name was in the log book. I said that she was the registered keeper and the car belonged to Bank of Ireland/Ulster Bank etc.
My van belonged to me however and if I wanted to sell it or set it on fire that was up to me but she couldn't dispose of it even though her name was in the log book.
Over here you can have dual ownership on the registration document, if it is being bought on credit, you can only get finance through a Bank, they have their name on the document as well as yours, and you cannot change the registration details without the bank stamping the document, to show the debt is clear.
Also you can have both husband and wife/partner on the same document, which makes it harder for one to sell the vehicle without the other signing off the document.
posession is 9 tenths of the law...and how true this is. i sold a car to a colleague and never got paid all the money, i asked the police for my options who basically luaghed at me! I told them i would collect it with my spare key and they told me point blank that they will arest me if i do as posession in 9/10 of the law regardless of the log book etc etc :ILU: