Selling my car I barely use, but need advice on how to go forward with my decision!

itsamyprobably

I do keep my car on the drive and SORN was something I’ve thought about but I think maybe selling it now and paying it towards the loan might be the best option!

If I do *fingers crossed* get a house 2021/2022 and it ends up being further away from my place of work then I can always get myself a cheap run around and hopefully it’ll be within the no claims bonus of 2 years! I just don’t see the point in me putting any money into a car that I definitely won’t need until at least 2-3 years!

If my 2nd year of insurance only ends in April next year but I sell the car before then, when would the no claim bonus gap begin?

neilmcl

TadleyBaggie wrote: »

But then if the car is stolen you would be stuffed,

That's different from stating that a SORNed car "needs" to be insured.

neilmcl

[quote=[Deleted User];76084673]"Experience" as understood by insurers! All they know is how many years you've had a licence ...[/QUOTE]That doesn't count for as much as you think.

neilmcl

itsamyprobably wrote: »

I do keep my car on the drive and SORN was something I’ve thought about but I think maybe selling it now and paying it towards the loan might be the best option!

If I do *fingers crossed* get a house 2021/2022 and it ends up being further away from my place of work then I can always get myself a cheap run around and hopefully it’ll be within the no claims bonus of 2 years! I just don’t see the point in me putting any money into a car that I definitely won’t need until at least 2-3 years!

If my 2nd year of insurance only ends in April next year but I sell the car before then, when would the no claim bonus gap begin?

If you sell the car and cancel the insurance before April then you won't get this years NCB entitlement.

missile

neilmcl wrote: »

No you don't!

By definition the car is off the road and no insurance is required.

Yeah right > holiday & house insurance are not "required" either. :eek:

OP would be wise to insure against the risk of her car being stolen or damaged. :beer:

loskie

it is probably in the terms of the PCP contract that it is insured. After all it is NOT your property it belongs to the finance co.

neilmcl

loskie wrote: »

it is probably in the terms of the PCP contract that it is insured. After all it is NOT your property it belongs to the finance co.

Are you reading a different thread? There's been no mention of PCP by the OP.

TadleyBaggie

neilmcl wrote: »

That's different from stating that a SORNed car "needs" to be insured.

And I was pointing out the problem if it wasn't.

Scrapit

missile wrote: »

Yeah right > holiday & house insurance are not "required" either. :eek:

OP would be wise to insure against the risk of her car being stolen or damaged. :beer:

But none of those are needed.

photome

neilmcl wrote: »

Where is she getting 4 years driving experience from, if she stops driving now for 3 years?

It’s not just experience it’s also the amount of time a license is held, so the cost may not be that bad