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Unable to insure brand new car, what to do?
I ordered a factory special from a main dealer. The car arrived 2 months late. I'm now unable to insure it as it is "not on the system". It appears that no one in the UK has bought this model/configuration before. It is still at the dealer unregistered. Only the deposit has been paid.
The main insurance companies and underwriters declined.
Several insurance brokers said they could fix it but when I asked for a copy of the policy, I noticed they had registered it as a similar model which is incorrect.
My dealer is trying to get a fix from the manufacturers' insurers (broker) at a cost of £3000 PA.
However, I would be stuck with one insurer and an inflated price.
My question is, how do I (or the dealer) get it "on the system" for all insurance companies?
Is it just one magic database or is it more complicated than that?
I really want this vehicle but I am prepared to walk away from the deal if it's a potential lemon.
The main insurance companies and underwriters declined.
Several insurance brokers said they could fix it but when I asked for a copy of the policy, I noticed they had registered it as a similar model which is incorrect.
My dealer is trying to get a fix from the manufacturers' insurers (broker) at a cost of £3000 PA.
However, I would be stuck with one insurer and an inflated price.
My question is, how do I (or the dealer) get it "on the system" for all insurance companies?
Is it just one magic database or is it more complicated than that?
I really want this vehicle but I am prepared to walk away from the deal if it's a potential lemon.
0
Comments
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What does the V5 document say the model is?0
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The V5 surely comes first as that would be issued as part of getting a reg number assigned?2
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GrumpyDil said:The V5 surely comes first as that would be issued as part of getting a reg number assigned?0
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What is the car ?0
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I ORDERED a brand new vehicle valued at £55,000 and paid a £1,000 deposit.
For technical reasons, insurers are refusing to insure it. (long story)
The dealer is working on a possible fix for £3000 PA Insurance. I do not want to be tied to just one company at an inflated price. I will never be able to sell it in the future.
The vehicle is still with the dealer and is unregistered.
My question is: Can I reject this vehicle even though I have signed a contract to buy it?
Am I entitled to my deposit back?
It arrived 2 months late and I'm now into month 3 so I need to be giving them a deadline?0 -
Probably best to start with the terms and conditions0
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Did you buy in person or online or such? If in person there isn’t a right to cancel.You can breach the contract and not take the car but the seller could seek to claim costs suffered or loss of profit.
Are you saying it hasn’t been delivered yet?
If so what was the timeframe for delivery?
If they are past the stated timeframe for delivery you have the right to treat the contract at an end for a full refund of the deposit if you give another reasonable timeframe and they fail to meet that as well.Motoring forum on here might be able to help with the insurance aspectIn the game of chess you can never let your adversary see your pieces0 -
Did you not check out insurance before buying?Ignore this, have just seen your separate thread explaining about the insurance situation0
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