Legal stuff about gift giving
Discussion
Registered keeper is not the same as owner.
You could buy a car and be the legal owner, but as you're away from home a lot you might register it in someone else's name so they can use it and do the admin for you (tax, insurance, speeding tickets, etc.)
No different to a lease company being the owner of a car, but the driver being the registered keeper.
You could buy a car and be the legal owner, but as you're away from home a lot you might register it in someone else's name so they can use it and do the admin for you (tax, insurance, speeding tickets, etc.)
No different to a lease company being the owner of a car, but the driver being the registered keeper.
randlemarcus said:
I'd have thought you'd have found it cheaper to insure if you were the RK over the last couple of years. You are the main driver, and have answered No to the question Are you the owner/registered keeper, yes?
RK can be transferred without a "purchase" though. Since its seperate to ownership. If I'm already the owner, my dad could easily make me the RK, and as far as I can see I'll technically be able to say I "bought" the car 2 years ago.Edited by Raize on Tuesday 20th September 20:22
RK transfer will add another owner to the V5C, though, so when they ask for the V5 when it goes bang into something, and you have falsified a material fact on the proposal, that's you screwed.
I hope you've saved enough in the last two years (he said, assuming that your Dad is the main driver on the policy, and you are a named driver to save money)
I hope you've saved enough in the last two years (he said, assuming that your Dad is the main driver on the policy, and you are a named driver to save money)
randlemarcus said:
RK transfer will add another owner to the V5C, though, so when they ask for the V5 when it goes bang into something, and you have falsified a material fact on the proposal, that's you screwed.
I hope you've saved enough in the last two years (he said, assuming that your Dad is the main driver on the policy, and you are a named driver to save money)
As it stands my dad could be the main driver with me as named driver, and that would cost £1500 because he/we/whatever owned the car for 2 years.I hope you've saved enough in the last two years (he said, assuming that your Dad is the main driver on the policy, and you are a named driver to save money)
If I could become the RK while still having "owned" the car for 2 years, then the quote would be £1700.
If I have to "buy" the car off my dad, effectively resetting this ownership clock from 2 years to zero, then it would cost a whopping £3700.
The big question is whether if I change the RK to myself, does my ownership of the car for 2 years stick.
I don't intend on doing anything illegal, and a "named driver" policy would most certainly not be fronting as he'd be the main user of the car anyway!
Raize said:
So my dad got me a car 2 years ago for my birthday, he paid for it, but stated it is my birthday present, however he is registered keeper. Do I own the car?
Yes, you own the car. It would be handy to have something written down (and dated) to say that that is so. Who is the RK is not relevant to that discussion.The RK is relevant to the discussion.
If you transfer it now but say it was your all along really then why was your dad the official main driver for all this time? If you transfer it now on the basis that is now becoming yours then you obviously have to pay the higher insurance.
You could try along the lines of your dad bought it for you in the first place so it was yours but you weren't using it much at first so he kept it and was thus the registered keeper, now that you are using it more you are transfering the RK over. Problem with this of course is that the insurance company no doubt would not be happy to count those two years as your ownership having just given a much cheaper rate for two years on the basis that your dad was the main driver.
One way or the other if you are asked any detailed questions this is not likely to work out how you'd want. If you aren't asked any detailed questions you still have an obligation to disclose all relevant facts.................
If you transfer it now but say it was your all along really then why was your dad the official main driver for all this time? If you transfer it now on the basis that is now becoming yours then you obviously have to pay the higher insurance.
You could try along the lines of your dad bought it for you in the first place so it was yours but you weren't using it much at first so he kept it and was thus the registered keeper, now that you are using it more you are transfering the RK over. Problem with this of course is that the insurance company no doubt would not be happy to count those two years as your ownership having just given a much cheaper rate for two years on the basis that your dad was the main driver.
One way or the other if you are asked any detailed questions this is not likely to work out how you'd want. If you aren't asked any detailed questions you still have an obligation to disclose all relevant facts.................
It's very simple. If your father bought it as a birthday present 2 years ago then it's yours and has been since that birthday.
A simple "to whom it may concern" note from your Dad confirming he bought it two years ago and gave it to you on your birthday should be enough if you ever need "documentary" proof.
Bert
A simple "to whom it may concern" note from your Dad confirming he bought it two years ago and gave it to you on your birthday should be enough if you ever need "documentary" proof.
Bert
Sorry for the hijack...but it is relevant..sort of!
This stupid RK vs Main Driver Vs Owner thing is a friggin minefield and not much help to anyone given some of the certain unexpected circumstances I have read on this forum over the years.
Wouldn't it be better that the OWNER was registered centrally as evidenced by purchase or gift and therefore is ultimate responsible party and most importantly seen as the legal owner in any dispute? I am now thinking about a recent thread where a car was apparently acquired by a rogue clamping company and within a few days the docs changed to show a different RK (themselves), and then sold through auction? In this case even though the police were informed...they didn't apparently see it as THEFT!!!!
The Owner should show due diligence when giving authority for granting RK status to another (perhaps paert of the V5 doc/ contract?)..and the RK the same for a Main driver (or maybe not)???? Would this work? At least the chain of responsibility is clear and obvious????
Probably talking twaddle, but it is a point of discussion IMHO, as the current model is full of holes!
This stupid RK vs Main Driver Vs Owner thing is a friggin minefield and not much help to anyone given some of the certain unexpected circumstances I have read on this forum over the years.
Wouldn't it be better that the OWNER was registered centrally as evidenced by purchase or gift and therefore is ultimate responsible party and most importantly seen as the legal owner in any dispute? I am now thinking about a recent thread where a car was apparently acquired by a rogue clamping company and within a few days the docs changed to show a different RK (themselves), and then sold through auction? In this case even though the police were informed...they didn't apparently see it as THEFT!!!!
The Owner should show due diligence when giving authority for granting RK status to another (perhaps paert of the V5 doc/ contract?)..and the RK the same for a Main driver (or maybe not)???? Would this work? At least the chain of responsibility is clear and obvious????
Probably talking twaddle, but it is a point of discussion IMHO, as the current model is full of holes!
V8 Vum said:
Wouldn't it be better that the OWNER was registered centrally as evidenced by purchase or gift and therefore is ultimate responsible party and most importantly seen as the legal owner in any dispute?
The Registered Keeper is the person who is "responsible" for the vehicle in the eyes of the authorities. If the registration number is reported for an accident or offence it is the person (or company) responsible for the physical vehicle who needs to be contacted.Gassing Station | Speed, Plod & the Law | Top of Page | What's New | My Stuff