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Car in laws buying us a run around
joa1210
Posts: 73 Forumite
My husband currently has a pcp agreemant in his name however im not going back to work now from maternity leave and its no longer financially viable for us to keep the pcp going and we want to hand it back. the shortfall would be 4K added to my husbands other debts BR is the way forward for him
my inlaws have offered to buy us a car for approx £2k and have said they dont want it logged as a loan, it will be deducted from his inheritance as and when the time comes.
am i correct in thinking we can be the registered keepers without being the owners?
i was made BR in october so i am 7m into my BR could i be the owner or would it affect my BR?
TIA
my inlaws have offered to buy us a car for approx £2k and have said they dont want it logged as a loan, it will be deducted from his inheritance as and when the time comes.
am i correct in thinking we can be the registered keepers without being the owners?
i was made BR in october so i am 7m into my BR could i be the owner or would it affect my BR?
TIA
0
Comments
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One of your in laws can remain the owner and you, or he can be a named driver thus avoiding any issues whatsoever.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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Named as the MAIN driver of course.0
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Thank you, we would of course insure it ourselves as main driver though we both use the car equally as he works nights and i have it during the day. its always a bone of contention that one0
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