Best owner of vehicle

Car_54

BOWFER said:

TonyM19 said:

BOWFER said:

user1977 said:

lemondrops69 said:

AdrianC said:

TonyM19 said:

Is it better from an insurance point of view to keep the car with me as the owner or to transfer it into her name.  The car will still be mine.

"Should she tell the insurer the truth, or lie to them?"

OP isnt saying that at all, he said 'keep the car with me as the owner or to transfer it into her name'. Doesnt even come close to him saying should I lie, not sure how you got to that?

Because they then go on to say "the car will still be mine". It's not clear to me what they meant by that (even if it appears to be clear to others!).

It strikes me the daughter can't get the finance herself, so the OP is taking the car in his name and then she's paying him.
Which is why I put my earlier post, this is potentially a very dodgy thing to do and if the finance company finds out he's in trouble.

I own the car.  It is mine.  It has no finance on it.  I'm letting her drive it and keep it at her house.  She will declare that I am the owner when applying if that will give her a cheaper insurance.  If not, I will transfer the car to her.  The car will technically be mine regardless of who is the owner.  It's my daughter and I'm helping her out.  Some of you are looking at this from a very cynical point of view.

You said you were leasing it to her, I made a conclusion from that.
Why would you lease a car to your daughter unless you've leased it yourself, surely no-one makes a profit from their own kids...that would by very cynical.
If you've used the wrong term, can't blame people for assuming stuff.

Why? Even if the car has been bought outright, it is depreciating, maybe by £00s per month. Getting the daughter to pay that is not making a profit.

user1977

Jenni_D said:

But they can't officially lease the vehicle to their daughter ... that would be a finance/credit arrangement which is a regulated activity.  

Only regulated if you're doing it as a business. Obviously you're allowed to lend cash etc to family without being regulated. 

TonyM19

I put it in her name.  It gave a slightly better insurance price.