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In this video tutorial, the presenter explains the process involved in handling the V5 document when selling a car. It is essential to sign the document and obtain the buyer's signature. The seller should retain a part of the yellow section of the V5 and tear the page down the middle, keeping one side for themselves and giving the buyer the other half. Additionally, the seller must collect the buyer's details, including name and address. Once all information is gathered, the seller can send the document to notify the DVLA about the sale. The seller may also receive a tax refund if applicable. The presenter concludes by encouraging viewers to subscribe and like the video.