Third Party Extension

jizba

Hi,

I have a car insured, however I have just bought a second car which is in the process of being re-registered in my name but is not at this stage. My insurance company allows me to drive any other vehicle that I am not the registered owner of third party only, am I okay to drive this second car that I have bought but am not currently the registered owner of?

I cannot get through to my insurance company today as they are off.

darich

No.
You state that your policy lets you drive cars you don't own, but you also say you've bought the car and therefore own it.

So the driving other cars extension does not apply.

jizba

Thanks - The confusion that I'm having is that the policy indicates registered owners which at present I am not - I think I'll not take the chance.

darich

jizba wrote: »

Thanks - The confusion that I'm having is that the policy indicates registered owners which at present I am not - I think I'll not take the chance.

You may not have the V5 which states who the owner is, but the DVLA system may show you to be the owner.

If you drive your second car just now you would not be insured - not advisable!!
:beer:

shaz77_2

darich wrote: »

You may not have the V5 which states who the owner is, but the DVLA system may show you to be the owner.

If you drive your second car just now you would not be insured - not advisable!!
:beer:

What if the V5 form indicates that the previous owner still owns the vehicle, where does the OP stand then?

darich

shaz77 wrote: »

What if the V5 form indicates that the previous owner still owns the vehicle, where does the OP stand then?

They've still bought it.
Exchanged something for it and the process of changing the V5 is underway.

Put it this way.....
you buy a car from someone down the street. It doesn't matter whether you pay by cash, credit card, swap another car for it or pay using peanuts.
the car now belongs to you.
later that night some thug comes along and steals it.
Would you complain to the police? Of course you would.
Why? because it's your car even if the docs don't say so yet

shaz77_2

darich wrote: »

They've still bought it.
Exchanged something for it and the process of changing the V5 is underway.

Put it this way.....
you buy a car from someone down the street. It doesn't matter whether you pay by cash, credit card, swap another car for it or pay using peanuts.
the car now belongs to you.
later that night some thug comes along and steals it.
Would you complain to the police? Of course you would.
Why? because it's your car even if the docs don't say so yet

Fair point, however if you have a third party extension (that covers you to drive other vehicles that you do not own) and you pay for this car and drive it home, surely you should be entitled to do so as you are not legally the official owner yet even if the wheels are in motion.

iamana1ias

shaz77 wrote: »

Fair point, however if you have a third party extension (that covers you to drive other vehicles that you do not own) and you pay for this car and drive it home, surely you should be entitled to do so as you are not legally the official owner yet even if the wheels are in motion.

Legally you own it as soon as you exchange cash/magic beans for it.

shaz77_2

iamana1ias wrote: »

Legally you own it as soon as you exchange cash/magic beans for it.

What if someone was pulled over by the police, I can't see that standing up in court unless the V5 indicates that the person driving is the registered owner.

iamana1ias

Then they would prove ownership with a receipt. The paperwork is supplementary to the issue of legal ownership.

You could buy a car and wait 6 months to change the V5 - the car still belongs to you.

shaz77_2

It's a fair point that you make.

If for example someone is covered to drive other vehicles provided they do not own them, if they pay for and buy a new vehicle and attempt to drive it home with the V5 officially stating they do not own it and they are pulled over by the police do they have any chance?