HP registered keeper problem

bailey2004

Hello,


I am hoping someone with a bit of legal knowledge can help me.


If a car is on HP, whose name should legally be on the registration document as the registered keeper? I know the finance company would be the legal owner, but I am trying to find the legalities of the finance company keeping the car registered in their name on the V5.


Thanks

Car_54

Legally, it doesn't matter. So long as the finance company respond timeously to any NIPs/s172 requests, which they will.

foxy-stoat

Legally the registered keeper of the car should be on the V5. So should be the keeper of the car, more than likely the buyer/main user.

Are you buying a car that was owned by a finance company or are you taking out HP but dont want to be the RK?

bailey2004

foxy-stoat wrote: »

Legally the registered keeper of the car should be on the V5. So should be the keeper of the car, more than likely the buyer/main user.

Are you buying a car that was owned by a finance company or are you taking out HP but dont want to be the RK?

I am buying a car on HP, I want to be the RK, but the company are refusing to put it in my name until the HP is fully paid. But i have been told that my insurance is invalid if I am not the registered keeper of the car.

Oakdene

bailey2004 wrote: »

I am buying a car on HP, I want to be the RK, but the company are refusing to put it in my name until the HP is fully paid. But i have been told that my insurance is invalid if I am not the registered keeper of the car.

Then simply find an insurance provider who will accept the situation.


Very easy, I think I used Admiral when I had this issue.

AdrianC

bailey2004 wrote: »

I am buying a car on HP, I want to be the RK, but the company are refusing to put it in my name until the HP is fully paid. But i have been told that my insurance is invalid if I am not the registered keeper of the car.

Seems like you have two choices.
1. Use a different finance house.
2. Use a different insurer.

foxy-stoat

bailey2004 wrote: »

I am buying a car on HP, I want to be the RK, but the company are refusing to put it in my name until the HP is fully paid. But i have been told that my insurance is invalid if I am not the registered keeper of the car.

Who has told you your insurance will be invalid, an employee of your insurer or someone on an internet forum?

Car_54

foxy-stoat wrote: »

Who has told you your insurance will be invalid, an employee of your insurer or someone on an internet forum?

It does sound unlikely. This is a perfectly normal situation which the insurer must meet every day.

Oakdene

foxy-stoat wrote: »

Who has told you your insurance will be invalid, an employee of your insurer or someone on an internet forum?

I changed my car & phoned up my insurer who said that they wouldn't be able to insure me with this as the RK & LO must be me, I asked them what I could do & they refunded me the amount left on the policy & I called around & Admiral were able to insure me.