Car traders insurance

Car_54

sweetsand said:

MinuteNoodles said:

Trade plates are issued by DVSA for business use only. Get caught using them to take your family on a trip to visit relatives or the wife to do the shopping and DVSA will revoke those plates and take them back.

 However, if car is mot and taxed, you don't have to hang one of these plates but if stopped by police you can show them tell them re trde plates.

If the car is taxed, and you're stopped by police, why would you mention trade plates? It's utterly irrelevant.

sweetsand

Car_54 said:

sweetsand said:

MinuteNoodles said:

Trade plates are issued by DVSA for business use only. Get caught using them to take your family on a trip to visit relatives or the wife to do the shopping and DVSA will revoke those plates and take them back.

 However, if car is mot and taxed, you don't have to hang one of these plates but if stopped by police you can show them tell them re trde plates.

If the car is taxed, and you're stopped by police, why would you mention trade plates? It's utterly irrelevant.

Should have said, tell the police you have trade insurance rather than plates. That was in the context of the posts ie you hand trade plates if not tax but if taxed etc, i was confirming you did not have to hang trade plates but tell the officers re trade plates type insurance, well car insurance.

Markneath

sweetsand said:

Markneath said:

I had a tradex policy myself about 15-20 years ago, it was the cheapest way of driving a few cars legally and worked for me at the time. 

Thank you for your honesty. May I ask if you was a trader or just palying the sytem? Looking up Google a trade policy, they check and need evidence see what you are buying and selling. Thanks in advance.

I regularly bought and sold cars at the time to boost my main income, it made getting cars out of auction houses and back home a lot easier.

My main reason for the trade policy at the time was a BMW M3, I also had a second car for work.
From what I remember there were a few cars specifically listed as not covered by the policy, the Escort Cosworth being one.

sweetsand

Markneath said:

sweetsand said:

Markneath said:

I had a tradex policy myself about 15-20 years ago, it was the cheapest way of driving a few cars legally and worked for me at the time. 

Thank you for your honesty. May I ask if you was a trader or just palying the sytem? Looking up Google a trade policy, they check and need evidence see what you are buying and selling. Thanks in advance.

I regularly bought and sold cars at the time to boost my main income, it made getting cars out of auction houses and back home a lot easier.

My main reason for the trade policy at the time was a BMW M3, I also had a second car for work.
From what I remember there were a few cars specifically listed as not covered by the policy, the Escort Cosworth being one.

Thank you. The M3, was it your own car. One of my nephews bouth one of these late last year an 18 plate car - it's as quick as our 911 but i was amazed when he told me the insurance cost was realtively low, they live near london in Kent and the young guy is barely 30, driving since 17, clean licence parked on drive etc and he is a doc - but insurance was low plus the service packe was chep when compared to MB servicing.

Once again thank you for coming back and thank the others re this subject as I got something unexpected out of this type of insurance, "home fleet car insurance" that my OH will look into as we have 4 cars and three drivers, all are registered as named and full drivers on all cars though we rarely drive the other cars it's not worth the risk as all of them are worh a few bob.

Atm, we are with aviva, and almost ever year they do us a deal but one of children live in the csame close, they are with LV and they got a good deal on two cars - we will see if to try LV quotes and then further investigate home fleet car ins.
x

Car_54

sweetsand said:

Car_54 said:

sweetsand said:

MinuteNoodles said:

Trade plates are issued by DVSA for business use only. Get caught using them to take your family on a trip to visit relatives or the wife to do the shopping and DVSA will revoke those plates and take them back.

 However, if car is mot and taxed, you don't have to hang one of these plates but if stopped by police you can show them tell them re trde plates.

If the car is taxed, and you're stopped by police, why would you mention trade plates? It's utterly irrelevant.

Should have said, tell the police you have trade insurance rather than plates. That was in the context of the posts ie you hand trade plates if not tax but if taxed etc, i was confirming you did not have to hang trade plates but tell the officers re trade plates type insurance, well car insurance.

But a car that is taxed is not "in trade" , and so is unlikely to be covered by trade insurance.

The normal practice for a trader buying a car to advise DVLA it is in trade: the seller then gets a tax refund and the car stays untaxed until it's resold. That is why trade plates are used for test drives etc..

williamgriffin

sweetsand said:

Markneath said:

sweetsand said:

Markneath said:

I had a tradex policy myself about 15-20 years ago, it was the cheapest way of driving a few cars legally and worked for me at the time. 

Thank you for your honesty. May I ask if you was a trader or just palying the sytem? Looking up Google a trade policy, they check and need evidence see what you are buying and selling. Thanks in advance.

I regularly bought and sold cars at the time to boost my main income, it made getting cars out of auction houses and back home a lot easier.

My main reason for the trade policy at the time was a BMW M3, I also had a second car for work.
From what I remember there were a few cars specifically listed as not covered by the policy, the Escort Cosworth being one.

Thank you. The M3, was it your own car. One of my nephews bouth one of these late last year an 18 plate car - it's as quick as our 911 but i was amazed when he told me the insurance cost was realtively low, they live near london in Kent and the young guy is barely 30, driving since 17, clean licence parked on drive etc and he is a doc - but insurance was low plus the service packe was chep when compared to MB servicing.

Once again thank you for coming back and thank the others re this subject as I got something unexpected out of this type of insurance, "home fleet car insurance" that my OH will look into as we have 4 cars and three drivers, all are registered as named and full drivers on all cars though we rarely drive the other cars it's not worth the risk as all of them are worh a few bob.

Atm, we are with aviva, and almost ever year they do us a deal but one of children live in the csame close, they are with LV and they got a good deal on two cars - we will see if to try LV quotes and then further investigate home fleet car ins.
x

Most scalextric cars are as quick as each other. The classic mini was a quick as a lotus 79 JPS.

sweetsand

Car_54 said:

sweetsand said:

Car_54 said:

sweetsand said:

MinuteNoodles said:

Trade plates are issued by DVSA for business use only. Get caught using them to take your family on a trip to visit relatives or the wife to do the shopping and DVSA will revoke those plates and take them back.

 However, if car is mot and taxed, you don't have to hang one of these plates but if stopped by police you can show them tell them re trde plates.

If the car is taxed, and you're stopped by police, why would you mention trade plates? It's utterly irrelevant.

Should have said, tell the police you have trade insurance rather than plates. That was in the context of the posts ie you hand trade plates if not tax but if taxed etc, i was confirming you did not have to hang trade plates but tell the officers re trade plates type insurance, well car insurance.

But a car that is taxed is not "in trade" , and so is unlikely to be covered by trade insurance.

The normal practice for a trader buying a car to advise DVLA it is in trade: the seller then gets a tax refund and the car stays untaxed until it's resold. That is why trade plates are used for test drives etc..

I poss misunderstood a poster here when I asked, = an untamed car from a trader could driver around for a test on thos trade plates hanging off them. So I asked, when we take our cars in for a service, fault finding they drive off, I do not recall them hanging on trade plates, so what insurance are they covered by - my understanding from the posts on this thread was you can be covered by trade insurance as long as the car is taxed IE the example I gave you about our car/s being test driven by a technician/etc.

Mercdriver

sweetsand said:

Car_54 said:

sweetsand said:

Car_54 said:

sweetsand said:

MinuteNoodles said:

Trade plates are issued by DVSA for business use only. Get caught using them to take your family on a trip to visit relatives or the wife to do the shopping and DVSA will revoke those plates and take them back.

 However, if car is mot and taxed, you don't have to hang one of these plates but if stopped by police you can show them tell them re trde plates.

If the car is taxed, and you're stopped by police, why would you mention trade plates? It's utterly irrelevant.

Should have said, tell the police you have trade insurance rather than plates. That was in the context of the posts ie you hand trade plates if not tax but if taxed etc, i was confirming you did not have to hang trade plates but tell the officers re trade plates type insurance, well car insurance.

But a car that is taxed is not "in trade" , and so is unlikely to be covered by trade insurance.

The normal practice for a trader buying a car to advise DVLA it is in trade: the seller then gets a tax refund and the car stays untaxed until it's resold. That is why trade plates are used for test drives etc..

I poss misunderstood a poster here when I asked, = an untamed car from a trader could driver around for a test on thos trade plates hanging off them. So I asked, when we take our cars in for a service, fault finding they drive off, I do not recall them hanging on trade plates, so what insurance are they covered by - my understanding from the posts on this thread was you can be covered by trade insurance as long as the car is taxed IE the example I gave you about our car/s being test driven by a technician/etc.

They are covered by the insurance provided to them through their company.  No Trade plates needed.  The cover is a drive any car  policy.

dacouch

sweetsand said:

Markneath said:

I had a tradex policy myself about 15-20 years ago, it was the cheapest way of driving a few cars legally and worked for me at the time. 

Thank you for your honesty. May I ask if you was a trader or just palying the sytem? Looking up Google a trade policy, they check and need evidence see what you are buying and selling. Thanks in advance.

Ask someone who has had a Tradex Policy and made a claim what they're like

dacouch

Mercdriver said:

Sandtree said:

Mercdriver said:

dacouch said:

When I used to sell these we ended up getting customers signing a declaration that they were genuine traders and they understood they would need to evidence this should there be a claim etc. We would still field phone calls from the police who had pulled them over and clocked they were not genuine motor traders.
Traffic Cops tend to be very informed on Insurance dodges and are fully aware of the requirements of motortrade policies. They generally make a point of checking until they are satisfied that anyone they stop under this type of policy is a genuine trader
If you're with a Home Insurer such as Chubb or Hiscox they offer fleet policies and the cover is exceptional. failing that look up Home Fleet Policies

Hiscox have stopped doing UK motor insurance - I used to be with them - they cited Brexit as a reason.  Chubb are still iin the game though.

Hiscox still list Motor as being available via their Private Client offering on their website... from memory you had to have a Hiscox 606 Home policy to be able to buy the Private Client Motor but the cover is very high (agreed value, drive any car fully comp, any driver on your own cars, life for like courtesy cars etc)

That's exactly what I had and what I have now with Chubb.  It's not cheap but the nature of what I do for a living means I am careful about having proper cover.  I had a letter the year before last from them saying they were withdrawing from the UK motor insurance market.  The only exclusion on any car fully comp is any car normally kept at the same address - hence I couldn't use it to drive my wife's car, the nature of what I do means that my wife's insurer declined to give a quotation to add me to her policy.  My E class was covered for more than I paid for it for the first few years and when someone shunted me on the M4 I was given an E Class from Europcar while my car was in the bodyshop.  

It's an amazing policy, expensive but you do get a very good policy in return.
I can guess what your occupation is