erics

e_smithson

my wife has died and i have recieved a large amount of money, i want to buy my son a car (£20.000) can i own it and name him as the main driver

vikingaero

Yes. Just make sure you tell the Insurer who the main driver really is so that the Policy can be rated correctly and to stop the MSE Fronting Police from making their appearance.

Strider590

e_smithson wrote: »

my wife has died and i have recieved a large amount of money, i want to buy my son a car (£20.000) can i own it and name him as the main driver

Firstly... Im sorry for your loss

Your son... How old is he? when did he pass his test?
Buying a new and probably high performance motor for a young lad is never good.
I ask because of your insurance question.

My mates friend who's just 21, has a very wealthy family, they brought him a Merc CLS 63 AMG (£80'000 of car). 2 Weeks later it was upside down in a field next to a dual carriageway, checks revealed the car left the road doing around 170mph, I think the top speed is 186?.... He was (luckily?) thrown from the car as it went airborn, there wasn't much left of the car. The point is he had no respect for the car or the money spent on it, because he didn't earn it.

If £20'000 isnt just a mere drop in the ocean, then it might be wise to think about investing it in something more solid for your sons future.

He might even prefer you to do that, if he's got his head screwed on

As for insurance, you can do as you suggested, but any accidents/claims go agains't YOU and will affect your insurance premiums even if you have protected no claims.

maninthestreet

Anyone thrown out of a car at 170MPH would be brown bread, surely??

Gordon_Hose

maninthestreet wrote: »

Anyone thrown out of a car at 170MPH would be brown bread, surely??

Might have been a cotton field, soft landing

If your son is young or inexperienced, personally, I would by a £2k car and let him get some driving experience under his belt.

Anything that costs £20k is gonna be big and, more than likely, fast.

If he's been driving a while and the insurance won't require a re-mortgage, crack on

You can own the car and he can insure it, he'll just have to let the insurance company know that he's not the registered keeper. However, if you're the registered keeper, and tickets will come addressed to you.

alleycat`

I would agree that the chances of walking away from a 170mph "ejection" from a car are slim but not impossible.

People have walked away from plane crashes, and even sky diving sans parachute opening (well for values of walked away).

What speed is terminal velocity under gravity in free fall?

Anyway. Ignoring that bit the rest of the post has some good points regarding the chances of bending the vehicle, etc.

My biker mates always tell "newbies" to get a relative beater as a first bike due to the fact they will drop it a couple of times.

BillTrac

And if you buy it for him, why can't he be the owner?

Sandoval

Why not just buy him the car and put it in his name?

Or do you mean you own the car, insure yourself as main driver and put him as a second driver even though he does all the driving?

Yeah it fronting blah blah blah but I wouldn't lose and sleep over it.

Gordon_Hose

Sandoval wrote: »

Or do you mean you own the car, insure yourself as main driver and put him as a second driver even though he does all the driving?

You can't do this, well...you can, but it would void the insurance if a named driver did most of the driving.

I watch too much Road Wars

Strider590

maninthestreet wrote: »

Anyone thrown out of a car at 170MPH would be brown bread, surely??

I doubt it would have been doing that speed when it launched him.
It apparently went nose first into the field, slid some distance before turn sideways and barrel rolling, he was thrown out at this point.

He thought he'd got away with speeding at the time because he'd left no skid marks, but I assume the speed was recorded in the ECU, can't see how else they'd know.

BillTrac

Strider,

I bet there were skid marks, just not in the field....:rotfl: