Car for daughter in my name or hers?

Maureen43

Morning All

I'm hoping to buy a car so that my eldest can drive to college. However, I won't be able to afford ANOTHER car when my youngest reaches that stage, so what I really want is a second car which one can drive till they go to uni, then the other can take over.

What's the best way of doing this? My preferred option is for the second car to be in my name, with me as registered owner, with my eldest as the main insured and me as the named driver.

Or is is better to have my eldest as the owner AND registered keeper AND main insured, and then switch the owner to my youngest when needed?

I'm not sure of the implications of each of these solutions so would be interested in your opinions!

Thanks
M

rich13348

You can be the registered keeper and your daughter as the main driver on the insurer and you as a named driver. I do this with my car as my fiancee drives it the most.

Putting your daughter as RK then making your younger daughter the RK will just add another owner which will slightly devalue the car, although if it's a banger that's not so important.

Also you can be the owner and someone else can be the Registered keeper.

vansboy

Usually adding additional owners...even within the same family...will have an impact on the vehicles re-sale value. Obviously not so important if it's a banger, or low priced vehicle.

As far as insurers are concerned, they will ask if the vehicle is owned AND registered to the person applying for insurance. They may load the premium if there is a qusstion that cant be answerd by ticking 'yes' on application.

Legally the registration document will only declare who it is registerd too and not who is legal owner.

The 'correct' way is to register and insure in the same name of the person who is owner, at the time. So as long as there won't be argueing between siblings when swap over time comes, do it that way. It may financially be more costly, but also might, just might, encourage the youngsters to appreciate and take care of a car they 'own'.

VB

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vansboy wrote: »

The 'correct' way is to register and insure in the same name of the person who is owner, at the time.

So you can be the keeper, take out the insurance in your name but you must name your daughter as the main driver if this is the case. If/when she has a claim, you will be affected, and all your policies will go up in price.

So if you don't care about the value of the car, as above, register the car to your daughter as keeper, take out insurance in her name, and have yourself as a named driver (this usually brings the price down from unbelievably expensive to just very expensive). This avoids tedious question and answer sessions about why the keeper isn't the insured person/main driver etc. (Also, in the event of your daughter having a claim, your insurance and reputation is not affected unless you were driving)

arcon5

Reg keeper is not the same as owner

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arcon5 wrote: »

Reg keeper is not the same as owner

Yes, there are a large number of people with cars on HP & PCP who are not the owner, but are the registered keeper, and others who have lease cars where the lease company is both the owner and registered keeper, and all these are able to get insurance quite legally and normally.

It doesn't matter who the registered keeper is, or who the policy holder is, except both the policy holder and the driver would have to declare an accident if they are not the same person.

It does matter who the stated main driver is, as a false declaration would be "fronting".

bigjl

You could have it in your name and insure it in your name with her as a named driver.

But if she is the main driver then you would have to disclose that to the Insurer.

I have insured a car that I owned and insured with the wife as the main driver, there was even an option to select it when I did quotes on Confused.com.

Doing what you suggest but not declaring your daughter as the main driver would be fronting.

dannyrst

fronting used to be extremely common when I first started driving. Only became a real issue when insurance companies cracked down because mum was the main driver of a car that her son was using everyday 200 miles away at Uni. In reality, as long as you don't tell the insurer what the car was used for on a daily basis, they aren't going to be able to prove who drives the car most often.

LM9

dannyrst wrote: »

In reality, as long as you don't tell the insurer what the car was used for on a daily basis, they aren't going to be able to prove who drives the car most often.

not strictly true, it will depend on other easy to determine facts such as what other cars are also at the address. If there are 2 "nice" cars both insured for mum & dad and a bit of a banger insured for mum and little Johnny then if Johnboy tries to make a claim the insurance company is likely to see it for the scam it is.

Regarding the original question the car I mainly drive is a lease car in my wife's name. The lease company is the owner and registered keeper and I have my own insurance on the car with my wife as a named driver. All fine and no more expensive than if I owned the thing outright.

dannyrst

LM9 wrote: »

not strictly true, it will depend on other easy to determine facts such as what other cars are also at the address. If there are 2 "nice" cars both insured for mum & dad and a bit of a banger insured for mum and little Johnny then if Johnboy tries to make a claim the insurance company is likely to see it for the scam it is.

Regarding the original question the car I mainly drive is a lease car in my wife's name. The lease company is the owner and registered keeper and I have my own insurance on the car with my wife as a named driver. All fine and no more expensive than if I owned the thing outright.

"Oh, that's simple, I don't drive the <nice car 1> often and use the <banger> as my daily car. My son just shares it with me, but I drive it most."

Quite simple.

LM9

dannyrst wrote: »

"Oh, that's simple, I don't drive the <nice car 1> often and use the <banger> as my daily car. My son just shares it with me, but I drive it most."

Quite simple.

Dude, you know insurance companies will see that for the lie it is and take appropriate action. If you then want your money and to rectify any other implications such as cancellation of all other insurances you hold then you will have to go to court and perjure yourself.

OP: do not risk doing this, it is stupid, fairly pointless and highly illegal.