This isn't exactly true.
What happens is you are the registered owner but the address they use is their address. You are free to notify DVLA of your correct address after two months.
Although not ideal, the 20.5% discount might
help overcome any fears.
This wasn't the case when I enquired earlier this year.
- Your name and address won't be on the V5C
- They won't provide you with the V5C
- You can't become registered keeper (your name and address on the V5C) until minimum of 6 months has elapsed and you have the original V5C
The reason for this is they are bought in as hire/fleet cars, hence the big discount.
To drive in the EU you having a 'copy' of the V5C isn't sufficient, authorities want to see the original. Authorities will however accept a VE103 - Vehicle on Hire Certificate. When I asked broker4cars about providing this (along with the V5C retention period) I got no response whatsoever, which pretty much said it all IMHO...
broker4cars said:
You should take note that during the period before your details as the new registered keeper are provided to, processed by and recorded with the DVLA you are at risk of contravening section 43c of the Vehicle Excise and Registration Act 1994 of the keeper details not being currently up to date. As the registration process is in the hands of third parties we cannot provided exact transfer timescale.
broker4cars said:
Please ensure you disclose to your vehicle insurer that you are the owner and main driver of the vehicle but not currently the registered keeper.
broker4cars said:
Also, check the validity of the “new for old” section of your vehicle insurance policy with your insurer as it may require you to be the first registered keeper.
So, I'm not saying don't use them, just that they weren't for me, I wouldn't of been able to legally drive in France, or use my current insurer for example.
This is very different to buying a car from a dealer and anyone thinking of using them should be aware of the risks involved.