Buying a car - registered keeper / owner

Buying a car - registered keeper / owner

Author
Discussion

jay44

Original Poster:

119 posts

114 months

Monday 30th March 2015
quotequote all
Hiya,

For purposes of cheap insurance, I would like a relative of mine living at the same address to be the listed owner and registered keeper of the car I'm going to buy. Could I sign their name when I buy the car? Or how does it work?

This will be the first car I have bought, so I have no experience

iva cosworth

44,044 posts

162 months

Monday 30th March 2015
quotequote all
How does this make the insurance cheaper ?

If you are the main or only driver then the insurance is in your name.

Or are we thinking of "fronting " ?

itcaptainslow

3,695 posts

135 months

Monday 30th March 2015
quotequote all
You're thinking of fronting your insurance. Insurers are wise to this, it's illegal and sets you up for a whole world of pain.

marshalla

15,902 posts

200 months

Monday 30th March 2015
quotequote all
There is no such thing as a "listed owner" - there is an owner, who has legal title to the car (but doesn't have to be recorded anywhere), and then there is the registered keeper who is legally responsible for tax, MOT, insurance and fines.

Then there's the main driver, who is the one the insurers need to know about, and "misinforming" them can lead to world of hurt when the inevitable happens.


Edited by marshalla on Monday 30th March 23:05

jay44

Original Poster:

119 posts

114 months

Monday 30th March 2015
quotequote all
so

A) does it matter to insurers at all, who is the owner?

B) for me to be the main driver (which I won't actually be anyway) will cost bout 2.5k p/year. I will only be using it about 15 weeks a year and will go on week by week. I will be paying for the person I want to be registered keeper, to be main driver. as all in all (my insured weeks + their main driver insurance) comes to about 1k - much more affordable than an extra 1.5

C) what is the physical process of buying the car? will the relative I'm putting as the registered keeper have to be present?

Davie_GLA

6,521 posts

198 months

Monday 30th March 2015
quotequote all
jay44 said:
Hiya,

For purposes of cheap insurance, I would like a relative of mine living at the same address to be the listed owner and registered keeper of the car I'm going to buy. Could I sign their name when I buy the car? Or how does it work?

This will be the first car I have bought, so I have no experience
For posterity...

You want to sign someone elses name when you buy a car?

btcc123

1,243 posts

146 months

Tuesday 31st March 2015
quotequote all
What I think you need to do is either buy the car yourself or transfer the money to his account so he can buy the car but it does not really matter who is the owner of the car.

Whether it is a private or dealer sale take him with you so he fills his details as the new registered keeper,either of you can buy the tax by phone or on the GOV.UK website.

You say you want him to be the registered keeper because it will be cheaper insurance but before you do the above go on the car insurance comparison sites and fill out the insurance in your name as the policy holder with him the named driver and do the same with him the policyholder and you the named driver then you will know which is cheapest.

He will get the reminders for the car tax from DVLA,be responsible for the MOTs and insurance if he is the registered keeper.

Edited by btcc123 on Tuesday 31st March 10:39

Jayho

2,005 posts

169 months

Tuesday 31st March 2015
quotequote all
jay44 said:
Hiya,

For purposes of cheap insurance,
There is nothing called "Cheap insurance". You will be paying for it one way or another. If you're coming onto a car forum asking for options on how to commit fraud on insurance companies then I'm afraid you'll have a bad time.

It doesn't matter if you're not driving the car all the time, if you're doing 3000 miles a year, and say your father is doing 200 miles per year, you're still the main driver.

Wouldn't you rather pay a little extra now, or buy something which you can afford to drive and save some no claims so you can afford something a bit tastier in 2-3 years?

I've said this once and I'll say it again, if you cant afford to insure your car properly then you can't afford to drive. Driving is a privilege and not a right.

Red Devil

13,055 posts

207 months

Tuesday 31st March 2015
quotequote all
jay44 said:
so

A) does it matter to insurers at all, who is the owner?
http://www.money.co.uk/article/1009114-can-i-insure-a-car-if-im-not-the-registered-keeper.htm

BertBert

18,955 posts

210 months

Tuesday 31st March 2015
quotequote all
So your dad will be rk and take out an insurance policy with you as named driver.

To avoid fronting you need to make sure your dad describes the use of the car accurately to the insurance company.

I've been here before. I do more miles and longer journeys. Offspring does more journeys but much fewer miles. I asked the ins co to determine "main driver".

If you are using the car full time for 15 weeks and your dad does no miles for 37 weeks then I think they'll decide you are the main driver.

Regarding buying, you can probably fill in the v5 with your dad's details and sign it without great fear of too much hassle.

Bert

jay44

Original Poster:

119 posts

114 months

Tuesday 31st March 2015
quotequote all
It's going to be my mum, and I will only be on the policy on a week by week basis. I'm doing online quotes and have done the following combinations:

A) me owner, mum rk, me main, mum named
B) me owner, mum rk, mum main, me named
C) mum owner, mum rk, me main, mum named
D) mum owner, mum rk, mum main, me named

only A and C yield results (same quote price) and B & D flag up concerns and have to call up. I'm 21 and have no no claims, license for 3 years so it's going to be high. As I'm only driving for 15 weeks a year (uni most of the time) it's much better to go on a week, by week basis.

My mum is divorced and has reverted back to her maiden name, so it will look like I'm writing a completely different person on the V5 when it comes time to sign after purchase. will the dealer just not care or what? it is a 2nd hand, cheapy dealer, not like an official branded one

Roo

11,503 posts

206 months

Tuesday 31st March 2015
quotequote all
What's this 'week by week basis' you keep mentioning?

Old Merc

3,486 posts

166 months

Tuesday 31st March 2015
quotequote all
jay44,welcome to the world of motoring and car ownership.So start as you mean to carry on.

If you get it wrong with insurance you could get yourself into big and very expensive trouble.As said above there is no such thing as cheap insurance especially if your a young new driver.All you can do is buy a tiny little car that`s the least expensive to insure.Talk to an insurance broker and tell him exactly what you want to do,who will be driving etc etc.

I would suggest YOU buy the car,register and insure it in your name.Yes,its very expensive at first but provided you don't have any accidents you will build up no claim discounts in your name.The more experienced you get the insurance premiums will go down.
If this family member wants to use YOUR car regularly ask he/she to contribute to all your expenses.

jay44

Original Poster:

119 posts

114 months

Tuesday 31st March 2015
quotequote all
For the long term, I hear what you guys are saying. The problem is, I've set X amount of money aside, decided on the car I'm getting and the rest is that. I could spend 2.5k on insurance, but then I'd have nothing for summer. So it'll be slightly dodgy and that will be that. After I finish uni and am actually living a proper adults life (opposed to a students / fake adult) I will chance it this way.

The week by week I keep mentioning: buying insurance per week. So if i'm back for winter, i'd buy temporary 4 weeks insurance. works out to be about £25 p/w for me

btcc123

1,243 posts

146 months

Tuesday 31st March 2015
quotequote all
You said you are 21 and have no NCB,licence for 3 years and think you said that its your first car.

I put my 17 year old son with a 3 month provisional licence as the insurance policyholder and me and the wife as the named drivers 55 and 51 years old.Car is a 2003 Toyota Yaris 1.0 worth about £1300 with Quinn Direct for £366 fully comp.

It will depend on how many years NCB your mum has and the type of car you want to buy but with a bit of searching around there are some good deals to be had.I realise that when my son passes his driving test the premium will go up.

Or as your your mum to be the policyholder and you to be a full or part time named driver should no be too expensive.

Edited by btcc123 on Tuesday 31st March 17:13

Roo

11,503 posts

206 months

Tuesday 31st March 2015
quotequote all
jay44 said:
For the long term, I hear what you guys are saying. The problem is, I've set X amount of money aside, decided on the car I'm getting and the rest is that. I could spend 2.5k on insurance, but then I'd have nothing for summer. So it'll be slightly dodgy and that will be that. After I finish uni and am actually living a proper adults life (opposed to a students / fake adult) I will chance it this way.

The week by week I keep mentioning: buying insurance per week. So if i'm back for winter, i'd buy temporary 4 weeks insurance. works out to be about £25 p/w for me
It's not slightly dodgy at all. It's illegal.

Jayho

2,005 posts

169 months

Tuesday 31st March 2015
quotequote all
jay44 said:
For the long term, I hear what you guys are saying. The problem is, I've set X amount of money aside, decided on the car I'm getting and the rest is that. I could spend 2.5k on insurance, but then I'd have nothing for summer. So it'll be slightly dodgy and that will be that. After I finish uni and am actually living a proper adults life (opposed to a students / fake adult) I will chance it this way.

The week by week I keep mentioning: buying insurance per week. So if i'm back for winter, i'd buy temporary 4 weeks insurance. works out to be about £25 p/w for me
Firstly, there is no such thing as a fake adult. You are over 18 years old, in the eyes of the law you are an adult and will therefore be expected to behave like an adult.

If you've set aside some money for a car then adjust your setting aside to account for being insured and proper. Being an adult is all about sacrifice for what you want most. From your post I gather you have sufficient funds to be properly insured but you are unwilling to Sacrifice "your summer".

As I said before, if you can't afford to be insured and proper then you can't afford to drive.

Here's a little hypothetical scenario for you. You've graduated from uni along with a friend and luckily you've both got a decent enough paying job at the same firm. However, your buddy has used his wage to buy a nice BMW M3. You're struggling to find anything which matches that in pace or style which you can also insure. He's got 6 years NCB, which brings premiums down. You've got 0 Years NCB and your quote for the same car is 3× that of His. How would that make you feel? You've graduated so you should be a "proper adult" as you've said it. You can buy the same car, but you'll have no social life After paying for insurance. Whereas he's got the car, a social life and much more disposable income.

rallycross

12,747 posts

236 months

Tuesday 31st March 2015
quotequote all
jay44 said:
For the long term, I hear what you guys are saying. The problem is, I've set X amount of money aside, decided on the car I'm getting and the rest is that. I could spend 2.5k on insurance, but then I'd have nothing for summer. So it'll be slightly dodgy and that will be that. After I finish uni and am actually living a proper adults life (opposed to a students / fake adult) I will chance it this way.

The week by week I keep mentioning: buying insurance per week. So if i'm back for winter, i'd buy temporary 4 weeks insurance. works out to be about £25 p/w for me
What a load of cr@p just work out what car and insurance you can afford (ie in your name) and go from there.

itcaptainslow

3,695 posts

135 months

Tuesday 31st March 2015
quotequote all
jay44 said:
For the long term, I hear what you guys are saying. The problem is, I've set X amount of money aside, decided on the car I'm getting and the rest is that. I could spend 2.5k on insurance, but then I'd have nothing for summer. So it'll be slightly dodgy and that will be that. After I finish uni and am actually living a proper adults life (opposed to a students / fake adult) I will chance it this way.

The week by week I keep mentioning: buying insurance per week. So if i'm back for winter, i'd buy temporary 4 weeks insurance. works out to be about £25 p/w for me
It's il-bloody-legal, not "slightly dodgy". Do it properly, or don't do it at all. You are an adult, in the big wide world, driving is an adults pastime. You can't plead you're a kid in court when you crash into someone, kill the occupants of the car and you're not insured properly.

Mopar440

410 posts

111 months

Tuesday 31st March 2015
quotequote all
jay44 said:
So it'll be slightly dodgy and that will be that. I will chance it this way.
Just had to quote it again for the sheer arrogance of it all.

Please, please, LoonR1 come on here and offer some of your classic, touchy-feely (but ever-so-accurate) comments!


Edited by Mopar440 on Tuesday 31st March 21:45