Help please - use of car which is not yours when bankrupt

AdvicePlease

Apologies in advance, I have seen this posted before but I'm afraid I'm in such a state I can't find it when I search!

My car has died and is in the garage tonight, not sure what is wrong. I phoned my dad to ask him to lend me some money for repairs, and he completely floored me by suggesting that he buys me a car for around £3-4k as this would be more reliable.

Now the car would be purchased by my dad, and would be registered in HIS name with the DVLA. I would be given use of the car on a daily basis, and would therefore be the main user/driver and would insure the car in my name.

Would the OR allow this? I went bankrupt in May this year, so will not be discharged until next year, and I have an IPA which is currently on hold due to a change in job (if that is relevant). Thanks in advance!

jayk

Hi

I was offered use of car am undicharged BR however when went to insure in my name was informed by insurance co. ( co-op. ins) that in order for the insurance to be valid I had to be down as registered keeper. In end relative put me down as a named driver and I paid the premium to them. As far as I am aware as long as you dont own the car should be okay. However am sure others more aware may be able to offer further advice. You may need to let OR know.

mildred1978

jayk wrote: »

Hi

I was offered use of car am undicharged BR however when went to insure in my name was informed by insurance co. ( co-op. ins) that in order for the insurance to be valid I had to be down as registered keeper. In end relative put me down as a named driver and I paid the premium to them. As far as I am aware as long as you dont own the car should be okay. However am sure others more aware may be able to offer further advice. You may need to let OR know.

If you are the main driver you need to be insured as such. Otherwise, you aren't actually insured!!

AdvicePlease

mildred1978 wrote: »

If you are the main driver you need to be insured as such. Otherwise, you aren't actually insured!!

That is my concern - I need to get this right from both perspectives, the OR and the insurance!

PippaGirl_2

With my insurance the main driver needs to be the registered keeper so check with your policy. Also, if you are the main driver I'm fairly sure that if it is mostly/mainly you driving it and not the person named as main driver the insurance becomes invalid. If the insurance company finds out that the insurance policy holder isn't the main driver. Many young drivers use this it's called fronting and is illegal.

All things to consider, however the OR is usually happy for you to have use of someone else's car and still pay the expenses of running it as long as they agree you need one.

jayk

I only use the car now and again relative is the main driver in this instance.

AdvicePlease

PippaGirl wrote: »

With my insurance the main driver needs to be the registered keeper so check with your policy. Also, if you are the main driver I'm fairly sure that if it is mostly/mainly you driving it and not the person named as main driver the insurance becomes invalid. If the insurance company finds out that the insurance policy holder isn't the main driver. Many young drivers use this it's called fronting and is illegal.

All things to consider, however the OR is usually happy for you to have use of someone else's car and still pay the expenses of running it as long as they agree you need one.

Yep I would definitely be the main driver, so would declare myself as such. I suppose the question is, can I be the registered keeper of a vehicle which I don't legally own?

OR has already agreed to my car, so I would assume they have acknowledged the need for me to have a car?

PippaGirl_2

Yes you can be the registered keeper of a car you don't own. Make sure the buyer/owner has a clear paper trail of the purchase and the invoice is their name and address, not yours.

AdvicePlease

Yay, thank goodness for google:

http://www.thamesvalley.police.uk/faq-answer?id=Q743

So I can be the registered keeper and insure the vehicle, but my dad would be the owner...

AdvicePlease

PippaGirl wrote: »

Yes you can be the registered keeper of a car you don't own. Make sure the buyer/owner has a clear paper trail of the purchase and the invoice is their name and address, not yours.

Whoops sorry PippaGirl - cross posted - thank you for this info :)

OutofDebt-NOT-OutofDanger

Hi,

A car can be owned by your dad and registered to you. Most insurers will allow this (although not always obvious on the comparison sites) as long as you state when opening the policy. Remember that the name on the V5 shows only the keeper NOT the owner.

A local broker should be able to sort this out for you reasonably easily if the direct companies prove a problem - may cost a little more but presumably you will be gifted/sold the car once discharged?

The OR would allow this and providing you have exclusive use of the vehicle all expenses can be taken into account when calculating income and expenses for potential IPAs.