New Car & Insurance question

jimpix12

Hi guys, I'm about to buy a 3-month old car and wanted some input please. I have received insurance quotes if taken out today - but my birthday is within the next week and so I then applied for quotes as if I was that age now, and amazingly it goes down by around 15%! I don't want to delay purchasing the vehicle in case it sells as it's well-priced, "high spec" and "rare". Therefore I think there are 2 options:

1. Take out the insurance today and cancel it in a week's time (as it's within the 14 day cooling off period) and then take it out again when I'm a "year older" in a few days time.

2. Get 7 day temp insurance (or similar) and then take out the 'full' insurance in 7 days time when I'll be older.

Do any dealers here know if 7 day insurance is ever available from the dealership on <6 month old cars? I know manufacturers offer it on brand new cars but this is a few months old. Of course, I could ask the dealer to throw that in if they do that?

It may sound like splitting hairs but 15% adds up to around £250 so I think it's worth it! Any advice is welcome.

nomoneytoday

Unless it's a Veyron or Lambo I would wait. If the car is still for sale then offer a lower amount, and if it's sold then another good 'un will no doubt come along, whatever the salesman says

stevemarsh1976

2 things

1, car insurance isnt subject to 14 day cooling off period as it comes into force from the start date. you will therefore be subjected to cancellation scales of the insuerer. Plus if you have an accident you will be liable for the full year

2, speak to the insurers some maybe willing to start the insurance as if you were a year older but 7 days early of your birthday. its isnt un heard of, tho not from a comparrison site.

lovethymini

Sometimes you don't drive the car away on the day you agree to purchase it anyway.

Why don't you go along and look at the car, and if you want to buy it, put a deposit down, that way, you know you've got the car, and you can start the insurance on your birthday, when you collect it

What is it, anyway?

kwaks

Are you buying from a dealer? Some (I won't mention names) can give you 7 days insurance free of charge.

Otherwise speak to insurers for lower rate early or buy the car and pick it up next week.

jimpix12

Thanks for the replies. I don't *mind* buying it, then insuring it/picking it up next week, but I'd rather not. Impatience is a virtue and all that... :eek: Obviously if there is something 'not right' I'll walk away, but having been looking for some time I'm quite clued up on this particualr vehicle and the 'right price' etc. Plus, work takes me away until after Easter in a few days.

The dealer is a one-off place that deals in "high end" vehicles, although the one I'm interested in isn't as "high-end" as a lot of the others they have (Lambos etc)!

This begs the question, actually, if the dealer has reclaimed the VED (which I believe they have) then would I need to provide proof of insurance to the dealer? I know that's how it works for new cars but unsure of the "red tape" involved with used ones. By the way, it's also on a private plate currently, to make matters more confusing (or not?).

thescouselander

I got 7 days free insurance when I bought my car from Audi

vaio

I suspect the time taken to get a new number plate is going to solve your problem.

One other thought, if it's still on a private plate does that mean it's being sold on behalf of someone else rather than by the garage? If so it might affect your sale of goods rights

jimpix12

vaio, I'm not sure. I will inquire further although the dealer is now closed. Is it not just a case of swapping over with the original plates and informing the DVLA?

karenx

No, you need to go to dvla offices and get the plate put on retention. Which will cost the dealer £105. Then they need to wait on it getting put on retention and a new number given, 99% of the time it gets the origional one back. This can take anything up to 2-3 weeks?
Less time if the plate is going straight onto another car as the offices can do it there and then if they arent busy. And that only costs £80.
What kind of car is it that its so rare?

jimpix12

It turns out the dealer is dealing with the transfer already.