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Car Insurance Dilemma! HELP!!
freaksaver
Posts: 92 Forumite
OK, I know this may sound confusing, but stay with me.
My husband works for his brother who has a large company. His brother has offered to buy us a car on lease from his company however this car is for us to use personally (Not business use).
Because we do not own the vehicle how can we get insurance on it bearing in mind that it is not a company car (because we do not use if for business use).
Any recommendations out there?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!
Freaksaver
My husband works for his brother who has a large company. His brother has offered to buy us a car on lease from his company however this car is for us to use personally (Not business use).
Because we do not own the vehicle how can we get insurance on it bearing in mind that it is not a company car (because we do not use if for business use).
Any recommendations out there?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!
Freaksaver
0
Comments
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It's quite normal for company cars - which effectively this is, even though you don't work for that company, it's the same difference - to be registered to someone other than the owner. That person is known as the Registered Keeper and should have no problem getting insurance, even if not the owner.freaksaver wrote:OK, I know this may sound confusing, but stay with me.
My husband works for his brother who has a large company. His brother has offered to buy us a car on lease from his company however this car is for us to use personally (Not business use).
Because we do not own the vehicle how can we get insurance on it bearing in mind that it is not a company car (because we do not use if for business use).
Any recommendations out there?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!
FreaksaverSignature removed for peace of mind0 -
Same applies to lease cars where the company leasing the car remains the owner.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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