Vehicle Registration Book retention by the seller

[Guest]

Ford Motor Co (FMC) have a deal with UK brokers to sell new 'pre-reg' vehicles but the seller is obliged under the terms set out by FMC to retain the Reg Book (V5C) for 12 months in their name. We have purchased 2 vehicles on finance and have an invoice to confirm the full transaction but cannot have the V5 for 12 months. The question being if the broker goes out of business within these 12 months are these vehicles legally ours or by the nature of the V5 retention fall within the scope of the failed company assets

[ostell]

V5 is not proof of ownership, it says that very clearly on the doc.