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Insuring a car whilst selling it...
drsquirrel
Posts: 283 Forumite
I've just bought a new car and have moved my insurance (with its NCB) over to it, so I now either need to declare the old car SORN or insure it with 0 NCB.
Downsides to SORN is no one can test drive it, and will probably affect the salebility of it not having any kind of tax on it.
And the other option to Insure it will end up costing a pile due to not having NCB (being a much higher insurance group).
I know other drivers could drive with DOC cover, but it still needs to have valid VED and Insurance to do so.
Any better suggestions or ideas?
Downsides to SORN is no one can test drive it, and will probably affect the salebility of it not having any kind of tax on it.
And the other option to Insure it will end up costing a pile due to not having NCB (being a much higher insurance group).
I know other drivers could drive with DOC cover, but it still needs to have valid VED and Insurance to do so.
Any better suggestions or ideas?
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Comments
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If you dont like me remember its mind over matter, I dont mind and you dont matter
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How does that work with a car declared SORN?
That might be suitable for me to drive it - but if you sell a car syaing "you will have to insure it for a day", I reckon a lot will be put off - its an option and I have been considering it.
I have a few days that I can move the car, its not worth a huge amount much so im thinking to just lose a few hundred quid on it and drop it into a car auction. If I had time and space for a chassis I could break it for more than its worth whole
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temp cover from your existing insurer?
Last time I changed car I think I got a month for £200 -
we had the same problem, i have transferred ncd to new policy for new car, then paid extra to insure old car without ncd to existing insurers to keep the car insured until the policy runs out at the end of this month, not sure what i will be able to do after that0
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