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ARTICLE · 02 DECEMBER 2015

Classic Car Race Preparers/Restorers: Know Your Client!

A new customer steps into your workshop and asks you to carry out some work to their classic car.

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A new customer steps into your workshop and asks you to carry out some work to their classic car. Nothing strange or newsworthy about that, but what happens if you later discover that your customer is not in fact the owner?

With an increase in the value of classic cars, complex ownership arrangements are increasingly common. For example, a highly valuable classic car might be owned by a trust, or by a company or possibly it may be owned jointly by various individuals who have clubbed together to buy it. The manner in which ownership of a valuable classic car is arranged can sometimes appear artificial, indeed the ownership might have been deliberately structured to distance the "regular user" from the entity which legally owns it. This could lead to customers considering themselves as "the owner" when in law ownership of the car belongs elsewhere.

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