No claims quandry

Author
Discussion

crouchingpigeon

Original Poster:

525 posts

192 months

Friday 25th July 2014
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Me and the other half haven't owned a car for a couple of years as we've been living in the city and it just hasn't been needed. We were thinking about getting a car next Spring and upon doing some quotes realised that my other half's NCB (7 years worth) expires at the end of September.

So we have a dilema, do we completely skint ourselves now getting the car earlier on credit card (BAD IDEA) or, I've read it may be feasible to buy a saleable car for a few hundred quid with some tax and ticket on, insure it for a month, cancel the insurance and sell the car on, which should reward us with a fresh no claims certificate with a 2 year expiry for the cost of a months premium + cancellation fee.

Has anyone got any experience of this in practice? And please, I'm not interested in people disputing the moral or legal standpoints on this one because there aren't any as far as I can see

Qwert1e

545 posts

117 months

Friday 25th July 2014
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Seriously, just buy a cheap car now and stick with it. What's the miracle that's suddenly going to make a car affordable next Spring?

crouchingpigeon

Original Poster:

525 posts

192 months

Saturday 26th July 2014
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Erm, not having a 5 week trip round Asia, a trip to Ibiza and a music festival in the next 5 months


TwigtheWonderkid

43,248 posts

149 months

Saturday 26th July 2014
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Just pick someone you know with a really low group car and insure it. Then cancel after a month and ask for your bonus proof. If anyone asks any questions after the event, which they won't, just say you insured it as you were due to buy it but the sale fell thru and you forgot to cancel your insurance immediately.

anonymous-user

53 months

Saturday 26th July 2014
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Would buying and insuring a really cheap moped achieve what you need? Other than talk to the insurance company and see what they say.

Krikkit

26,500 posts

180 months

Saturday 26th July 2014
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Buy cheap car, park outside house, insure and forget.

crouchingpigeon

Original Poster:

525 posts

192 months

Sunday 27th July 2014
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Thanks for the offer Dodsy but you're at the other end of the country from me, coincidentally it's a Golf we're looking to get next year.

So my sister has a Ford Ka, I could just insure that, even though she already has it insured, and then just cancel after a month?

crouchingpigeon

Original Poster:

525 posts

192 months

Monday 28th July 2014
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TwigtheWonderkid said:
Just pick someone you know with a really low group car and insure it. Then cancel after a month and ask for your bonus proof. If anyone asks any questions after the event, which they won't, just say you insured it as you were due to buy it but the sale fell thru and you forgot to cancel your insurance immediately.
So has anyone got any experience of doing this?

SGirl

7,918 posts

260 months

Monday 28th July 2014
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crouchingpigeon said:
my sister has a Ford Ka, I could just insure that, even though she already has it insured, and then just cancel after a month?
I don't think you can insure a car which is already insured elsewhere.

jamieduff1981

8,022 posts

139 months

Monday 28th July 2014
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crouchingpigeon said:
TwigtheWonderkid said:
Just pick someone you know with a really low group car and insure it. Then cancel after a month and ask for your bonus proof. If anyone asks any questions after the event, which they won't, just say you insured it as you were due to buy it but the sale fell thru and you forgot to cancel your insurance immediately.
So has anyone got any experience of doing this?
I strongly suspect this is the level of cunning plan that Baldrick would think was dim witted.

crouchingpigeon

Original Poster:

525 posts

192 months

Monday 28th July 2014
quotequote all
jamieduff1981 said:
crouchingpigeon said:
TwigtheWonderkid said:
Just pick someone you know with a really low group car and insure it. Then cancel after a month and ask for your bonus proof. If anyone asks any questions after the event, which they won't, just say you insured it as you were due to buy it but the sale fell thru and you forgot to cancel your insurance immediately.
So has anyone got any experience of doing this?
I strongly suspect this is the level of cunning plan that Baldrick would think was dim witted.
Really, in what way is it dim witted? I'm not really sure where it would fall down which is why I'm asking. I'm not going to claim on the insurance so there aren't going to be any issues at that end, I'm just looking for a legitimate means of extending NCD until we're actually in a position to buy a car.

The other idea is to buy shed, insure, cancel and sell but that sounds quite a lot of a faff.

We could also just buy the car we wan't now and stick it on a credit card but I'd like to avoid that!