Wednesday, June 14, 2006
OFT issues clarification on pre-reg cars
The Office of Fair Trading has issued clarification on the Supply of New Cars regulation.
Following discussions with the DVLA and RMIF earlier this year, the watchdog has ruled that the regulation does not require dealers who voluntarily pre-register cars to keep them, or their Registration Certificates (V5C), for more than three months before reselling to a consumer.
The RMIF said the decision was good news for dealers who would no longer have to fund such vehicles for three months.
DATED: 14.06.06
FEED: MT
Following discussions with the DVLA and RMIF earlier this year, the watchdog has ruled that the regulation does not require dealers who voluntarily pre-register cars to keep them, or their Registration Certificates (V5C), for more than three months before reselling to a consumer.
The RMIF said the decision was good news for dealers who would no longer have to fund such vehicles for three months.
DATED: 14.06.06
FEED: MT
