2 problems
If you go abroad you will need to take the V5 with you or, (in previous years an authorisation document, although I do not know what is currently required). Will the supplier provide that? In France Gendarmes can take 90? on the spot (and on a repeated basis) if you cannot produce documents on the spot. OK, so I have only once been stopped in 30+ years, but I do know people who had to pay up. You better practice the French attitude test!
If you have the misfortune to write of the vehicle in the first year, some insurers will offer brand new car, BUT only if you are the first registered keeper.
pmh
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Just checked with my insurers, who say they won't cover me if I'm not the registered keeper. As I've put down a £500 deposit for the car, it looks as though I've got a problem.
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As I've put down a £500 deposit for the car, it looks as though I've got a problem.
I think it is time to talk to Trading Standards and test if the new consumer laws effective from last month will give any protection against such deals.
Post back with what they advise.
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some insurers will, some won't. You might need to go through a broker who can arrange a deal with an insurers underwriter
insurers will say that they won't insure something that you don't have an insurable interest in i.e. you own it
but then you take your car in for a service, take the garage courtesy car and are expected to cover it on your own policy... and your insurer does it without batting an eye lid.....yet you don't own the garage courtesy car....... so it can be done.
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but then you take your car in for a service take the garage courtesy car and are expected to cover it on your own policy... and your insurer does it without batting an eye lid.....yet you don't own the garage courtesy car....... so it can be done.
There's a difference between trying to insure a car of which you are not the registered keeper, and adding a car to an existing policy.
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SWMBO bought a brand new, pre-registered Corsa from a VX dealer last year and the V5 arrived by post 3 days after collecting the car. FiL bought a new, pre-registered Scenic from an internet broker in 2006 and the V5 arrived, eventually, 12 months later!
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...my insurers, who say they won't cover me if I'm not the registered keeper....
Thewick,
Can fully understand why you're starting to go off this idea, but I don't think there's anything basically wrong in buying a pre-reg from a franchised dealer.
Most insurance problems can be solved with the application of some money, so I would be inclined to seek such a solution, possibly in conjunction with the dealer, and ask them to fund it.
Incidentally, I am all in favour of disclosing full details to the insurance company, but don't they just ask for details of the new vehicle, reg no, model etc?
Not sure why they would know/care/ask that it was a pre-reg and the dealer was hanging on to the document.
Having said all that, if it don't feel right, walk away - there's plenty of other dealers/deals to be had.
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My insurance (Lloyds TSB) document says at the very top:
"xxxx is the owner and registered keeper of the vehicle." (ie my present vehicle)
So I rang Lloyds TSB and they said very simply that if I wasn't the registered keeper of the new vehicle, they wouldn't insure it.
As I got a brilliant deal from Lloyds TSB, who undercut the next best deal I found on internet searches by £150, and allowed me full NCB for my previous company car driving experience, I am reluctant to walk away from this after only one month's coverage.
As for walking away from the car deal, I would be risking walking away from a £500 deposit.
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but don't they just ask for details of the new vehicle, reg no, model etc? Not sure why they would know/care/ask that it was a pre-reg and the dealer was hanging on to the document ..
In reply to ifithelps:
Don't know why, but most do care and do ask that you and/or spouse are the owner/registered-keeper of the car. Check it for yourself - to save time checking with every insurer, just see what the comparision websites say.
I find that this is precondition of getting a quote with each and every online insurance that I have tried.
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Fair enough, stand corrected on that one.
Looks like I've told my ins co I'm the registered keeper/owner of my car without realising it.
Good thing I am then, isn't it?
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try negotiating a written agreement instead of pre-registered.
the agreement would be a record of you agreeing to the no sale with in 6 months of purchase in return for the deal they are offering
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It must be fairly common not to be the RK - if you were personal leasing the car, you wouldn't be the RK (or even the owner). I know a number of people at work run their cars on that basis.
In the OP's case, he certainly owns the car - and I think it's made clear on the V5C that the RK isn't necessarily the owner.
I suspect many people probably breeze past the question on the insurance proposal without even thinking about it.
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Another thought - you could send off for a replacement V5C !
Tick the "not given the V5C by previous keeper" box, enclose £25 and Bob's your uncle.
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"if you were personal leasing the car, you wouldn't be the RK (or even the owner)"
I didn't realise that, BP. The PCP contracts I use are a form of personal lease, and I'm certainly the registered keeper. Presumably you're referring to a pure lease (i.e. no option to buy at the end of the contract) - I wonder if in this case the leasing company has the insurance in its name, to get round the problem that the OP has with Lloyds TSB.
On the topic of personal leasing, does anyone here run a private car on this basis? I'd be interested to know how it compares with a PCP.
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I wonder if the first keeper is claiming capital allowances on the car and so reducing his tax bill and in this way affording some of the discount?
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Just to bring this completely up to date. I asked the DVLA what the position was, and they've just emailed me to say:
DVLA are aware of the issue of dealers pre-registering vehicles and retaining the V5C once the vehicle has been sold on. However, it is a legal requirement for a vehicle keeper, in this instance the dealer, to notify DVLA when a vehicle is sold. DVLA are currently working with the Office of Fair Trading and the motor industry to resolve the problem.
Fiatsupasaver actually offer the same car for £30 less, but it involves paying £300 delivery or going to Chippenham to collect it, which would cost £100 in train fares.
But drivethedeal aren't much more expensive. They drive the car to you free of charge, but I'm not sure I want a delivery driver flogging a brand new engine before I get it, so I'm inquiring where I could collect it from if I ordered from them.
And finally...the people who wanted to keep the V5 have agreed to refund my deposit. Just like that.
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I asked the DVLA what the position was ... DVLA are currently working with the Office of Fair Trading and the motor industry to resolve the problem.
Well done DVLA, OFT and the motor industry for being on the case. The sooner this is sorted the better.
And finally...the people who wanted to keep the V5 have agreed to refund my deposit. Just like that.
Well done "thewick". Good result.
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But drivethedeal aren't much more expensive. They drive the car to you free of charge but I'm not sure I want a delivery driver flogging a brand new engine before I get it so I'm inquiring where I could collect it from if I ordered from them.
We bought an A3 through drivethedeal at the end of last year; it was suplied by a dealer in Scotland and delivered to us down on the South Coast on a transporter, so worth checking how DTD are planning to deliver - it might not be driven at all!
Peter
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Hi
Very interested in your article...
Could you please confirm who you spoke to at the DVLA?
I need to clarify the legal status of pre registered cars.
When i rang the switchboard, they did not have any idea how to speak to...
Regards
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