Schedule 4., Part I, Part III, paragraph 29(2)

In this Part of this Act “trade or finance purchaser ” means a purchaser who, at the time of the disposition made to him, carries on a business which consists, wholly or partly,— of purchasing motor vehicles for the purpose of offering or exposing them for sale, or of providing finance by purchasing motor vehicles for the purpose of bailing or (in Scotland) hiring them under hire-purchase agreements or agreeing to sell them under conditional sale agreements, and “private purchaser ” means a purchaser who, at the time of the disposition made to him, does not carry on any such business.

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Source: legislation.gov.uk · retrieved 2026-07-30