When Leasing A Car Who Has The V5 Log Book?

Clueless1012 | 17:32 Wed 10th Apr 2013 | Motoring

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DangerUXD

the keeper.

BRIGHT SPARK

The leasing company.

EDDIE51

We have a lease car , the V5 stays with the lease company, they are the owners .

DangerUXD

Ok well that's odd. The V5 is not related to ownership so I'm surprised they would want all the potential agravation with parking/speeding etc.

BRIGHT SPARK

UXD...the lease company is the owner with you as the registered keeper...and yes they will notify you and charge you a premium for any motoring penalty.

DangerUXD

So if you are the registered keeper they you must have the V5.

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BRIGHT SPARK

UXD.........a little confusion here....the leasing company is the vehicle owner and will appear as the registered keeper on the V5, however the documentation signed by you on the leasing agreement will state you as the person responsible for any fines etc......does this conclude the matter.

princemac

Who cares,the V5 is not proof of ownership,read it.When you register your car with the DVLA you are giving up title ownership,in law register means give up title ownership.The V5 only records the keeper,to get around this you have to de-register your car,people do this but for some reason the police aren't so agreeing.

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