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Corsa Sport » Message Board » General Chat » Insurance on Leased cars » Post Reply
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MarkM |
posted on 5th Dec 14 at 22:07 |
Fronting. | |
tmark938 |
posted on 5th Dec 14 at 17:19 |
My step daughter has just passed her test and was quoted £2,000 for insurance! Is there any mileage in having me as the owner of the car and her as a named driver? | |
Ben G |
posted on 5th Dec 14 at 16:08 |
quote: My insurance company asked who owns the car when I applied online. When I was getting quotes for the missus' car, I was messing around with the details and it worked out more expensive if i said she didn't own it. This was when we had a white fiesta which had my name on the log book but was her car. [Edited on 05-12-2014 by Ben G] | |
Munchie |
posted on 5th Dec 14 at 09:23 |
quote: Yes mate why? And thanks for replies! | |
John |
posted on 5th Dec 14 at 07:46 |
Insurance normally want you to be the owner because then you have the financial interest in the car. | |
Mike |
posted on 5th Dec 14 at 02:27 |
quote: Why would you say you own the car? It's the leasing company's car, they've just entered into an agreement to lend it to you. Also, I know with mine, I'm the registered keeper, it's registered at their address so they hold the V5 but it's my name that's on it. It seems the obvious way to me in terms of fines etc. being in the right name rather than the leasing company having to look up names to pass back to whoever issued the ticket. [Edited on 05-12-2014 by Mike] | |
baza31 |
posted on 4th Dec 14 at 21:33 |
Munchie do u happen to be getting this car from jct vw at bradford ? Golf r ? | |
Jambo |
posted on 4th Dec 14 at 20:56 |
Most leases do Ian. | |
Ian |
posted on 4th Dec 14 at 13:28 |
V5 isn't the owner. | |
Colin |
posted on 4th Dec 14 at 13:10 |
If it's parked on my drive.....I own it!! | |
Jambo |
posted on 3rd Dec 14 at 18:31 |
I have a lease car and what Ben/Ed said. | |
deano87 |
posted on 3rd Dec 14 at 17:29 |
My insurance company said that as long as the lease agreement was in my name, that was all that mattered. Didn't mention the V5C. | |
Munchie |
posted on 3rd Dec 14 at 14:40 |
Thanks men. | |
Ben G |
posted on 3rd Dec 14 at 14:33 |
Damn it, Ed! :lol: | |
Ben G |
posted on 3rd Dec 14 at 14:32 |
The registered keeper doesn't have to be the legal owner. It says that on the front of the log book, so yes, put down that you own the car. | |
ed |
posted on 3rd Dec 14 at 14:31 |
That doesn't sound right - the V5 doesn't tell you who owns the car, it tells you the keeper. You're the registered keeper of the vehicle which is what the insurance company will ask you and the car is remains the property of the finance company. | |
Munchie |
posted on 3rd Dec 14 at 14:26 |
Hi all, I have never leased a car before but got 1 on order for next year. |