Thanks to all who posted a response. I learnt a lot from this thread.
I've dealt with buying and selling stock for years but not in the motor industry so I'm just trying to identify the complexities of this business to avoid making any novice mistakes.
So from the above I can conclude ....................
1. Get trade plates, they simplify the entire process and and, contrary to what I had been told, are not difficult to obtain.
2. Buying a vehicle without a V5 from auction is not really all that risky, there is just the issue of being unable to sell the vehicle until the new V5 arrives.
3. As a dealer I can tax any stock car using my trader's insurance as long as I have the V5.
If somebody could confirm that the three statements above are correct that would be much appreciated.
Many thanks
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