Car advice and insurance

Mumwithquestion

My daughter turns 17 in January and wants to buy a car from a friend of mine, as it’s the perfect first car. Problem is, my friend wants rid of the car now.
My questions are:
Should I put the car in my daughter’s name or mine?
Should I tax and insure it in my name until January, or SORN it?
In January, should I get a new policy for the car in my daughter’s name, or add it and my daughter to my policy?
If I insure it now, should I add it to my current policy (which expires in September) or get a new policy for it?
There are so many options and I don’t know the best way to go to save as much money as we can. 

Thanks all. 

SaverRate

Without specifics we wont know the best way to save money for you. It would be better if you ran quotes on a comparison site for each option then decide which route to go based on those quotes

EDIT - If its your daughters car I would put the car in her name. If you are not driving it then on all accounts SORN it but insure it just incase. The car should really be regularly driven though to avoid the battery going flat and water getting in etc.

born_again

If you buy it put it in daughters name.
Can you store it off road to SORN it? If not then tax it & insure it in daughters name (will be cheaper) 

sevenhills

Mumwithquestion said:

My daughter turns 17 in January and wants to buy a car from a friend of mine, as it’s the perfect first car. Problem is, my friend wants rid of the car now.

A rough guess is that to insure a 17 year old to drive a car, is going to be £2,000-£4,000

jimjames

You may need 2 policies for different things. One for learning which can become void once you have passed your test and you need to inform the insurance company that the learner has now passed. It may be that the best company for learner policy isnt the cheapest for when you have passed. So run the numbers and see what works

Car_54

born_again said:

If you buy it put it in daughters name.
Can you store it off road to SORN it? If not then tax it & insure it in daughters name (will be cheaper) 

Really? Insuring it as a 16-y-o with no licence will be cheaper than for her xx-y-o parent?

AdrianC

Mumwithquestion said:

My daughter turns 17 in January and wants to buy a car from a friend of mine, as it’s the perfect first car. Problem is, my friend wants rid of the car now.
My questions are:
Should I put the car in my daughter’s name or mine?

Whose name the car is registered in is nothing to do with ownership, and everything to do with legal responsibility for the car.

This is your daughter buying a car, and driving it...? Why would it be in your name?

Should I tax and insure it in my name until January, or SORN it?

Will it be on the road?

If so, it needs taxing and insuring.
If not, it needs SORNing.
It must be one of the two.

In January, should I get a new policy for the car in my daughter’s name, or add it and my daughter to my policy?

You can't just add cars to "your policy", unless it's a multicar policy. Even then, it may not be the best option.

If YOU aren't the main driver, why would YOU insure it? The main driver insures it, and builds their NCB up.

born_again

sevenhills said:

Mumwithquestion said:

My daughter turns 17 in January and wants to buy a car from a friend of mine, as it’s the perfect first car. Problem is, my friend wants rid of the car now.

A rough guess is that to insure a 17 year old to drive a car, is going to be £2,000-£4,000

Only once they pass their test. While a learner it is much cheaper. 👍 As they require a experianced driver to be with them while driving.