Vehicle question

sniggings

an IPA is an agreement on your living expenses.

If you need a car you need a car.

You can put your suggestion to your OR if they don't agree then you will need to put an amount on the foum for Taxis/travel costs.

I can see why your suggestion would get knowed back as you just entred BR and are now asking the OR to help you get in more debt :eek:

But life is not simple and I'm sure you and your OR will come to the agreement part of an IPA.

JCS1

Idiophreak wrote: »

Hi,

Forgive me for kinda crashing the thread...I always find these things quite interesting, but don't know so much about them...and like to ask questions when I think of them.

So, purely for curiosity...in the OP's situation...What's to stop them simply buying a new, cheap (<£1000) car on credit card to use for work, then just adding the credit card to their creditors in bankruptcy?

...which leads to another, more general question...if you decide you're going to go bankrupt, what stops you just going mad and using up all the credit you have at your disposal before you file...?

It would be classed as "incurring credit with no reasonable prospect of repayment" and would be grounds for a BRO/BRU to be considered.

alastairq

Of course, it's always possible to buy a vehicle which, to a lay-person's eyes, is essentially 'age-less'?

In other words, an older car, but one that still conveys the right impression?

Maybe even a 4x4 or a pickup? [in view of your business?]

The shine on the paintwork probably conveys more than anything else?

tigerfeet2006

Hulahoops87 wrote: »

Brilliant going to look extremely professional turning up to customers houses in a car thats more then likely going to be beaten to death.

Where would I stand if say my parent's bought a car for me in there name soley for me to use? So they would own the car but I'd cover every aspect of the running of it?

That would be perfectly possible. As long as your parent bought the car with their money and there was a paper trail to show they bought the car and are the legal owners. They shouldn't just give you cash to go and buy one.

neverdespairgirl

Hulahoops87 wrote: »

Brilliant going to look extremely professional turning up to customers houses in a car thats more then likely going to be beaten to death.

You are about to go bankrupt. Keeping up appearances / keeping up with the Joneses is a sure-fire path to more grief.

I'm a "professional". My car is a 2000 Fiat, which works perfectly, never needs work doing, starts every time. I couldn't care less what people think of me for driving it.

Teen_the_Drama_Queen

art for arts sake.... I don't think anyone could say a car is a luxury nowadays, its a necessity. If you work/have children/elderly parents etc etc there are not enough hours in a day to walk every where or rely on public transport. A car is not necessarily wanted as a status symbol, its just what you need to have to continue to work and live.

chunx

Hulahoops87 wrote: »

Where would I stand if say my parent's bought a car for me in there name soley for me to use? So they would own the car but I'd cover every aspect of the running of it?

I think you may hit problems there also from an insurance perspective. If your parents bought the car in their name and allowed you to drive it, they would have to put you down as a named driver. You cannot insure a car which you are not the registered keeper of.

Furthermore, if you were then to request business cover (assuming you have that too at the moment) the insurance company would be curious as to why a named driver of a policy needs business insurance when he is not the owner.

It used to be called "fronting" which most insurance companies want to clamp down on.

I've not been in insurance now for 10 years and things may have changed, but if you go down the route you suggest, you may end up with other problems not just ones from the OR.

Sorry - I wish I could give you better news.

PippaGirl_2

Lots of people insure cars that they are not the registered keepers of so it is possible.

Bluefalls

chunx wrote: »

You cannot insure a car which you are not the registered keeper of.

We are with direct line and have had no problem getting insurance on a car my parents own. We have a similar arrangement to what the OP is talking about where we don't own the car but pay for the upkeep and the OR was fine about it once we explained the situation.

Mouse1812

chunx wrote: »

You cannot insure a car which you are not the registered keeper of.

Registered Keeper does not equal owner
a warning point which is printed in big bold letters on the V5C.

If you are the main person responsible for the car then you must be recorded as the registered keeper. This is because the authorities need to know who to collar in the event of any road offences.

Problem solved?