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In this video tutorial, the process of handling the V5 document when selling a car is explained. To complete the V5, you must sign it and obtain the buyer's signature. Retain a section of the yellow part of the document, then tear the page in the middle, keeping one side for yourself and giving the other side to the buyer. Make sure to include the buyer's name and address. After completing these steps, send the document to notify the DVLA of the sale. You may also be refunded for any remaining tax. The video encourages viewers to subscribe and like the content if it was helpful.