Lease car insurance?
Discussion
I'm wondering if anyone has a good insurer that'll insurer a lease car. Seems on confused.com and quite a few insurers I've tried, they don't like insuring lease cars. Those that will insure, quote twice the price as if it were owned by you.
Can anyone recommend some insurers worth ringing?
The car would be leased using the Audi scheme, so the car would be REGISTERED in the lease company's name and OWNED by my partner, in technical terms.
Can anyone recommend some insurers worth ringing?
The car would be leased using the Audi scheme, so the car would be REGISTERED in the lease company's name and OWNED by my partner, in technical terms.
Pulse said:
The car would be leased using the Audi scheme, so the car would be REGISTERED in the lease company's name and OWNED by my partner, in technical terms.
It's the other way around, surely?I imagine most people don't bother about it. No idea how much of an issue that might be.
Deva Link said:
It's the other way around, surely?
I imagine most people don't bother about it. No idea how much of an issue that might be.
It's actually not... I thought it was odd, too. It's a scheme because she works for Audi though, and that's what it says on the FAQs. They are the registered owners, but she owns the car. It makes for some really confusing insurance quotes.I imagine most people don't bother about it. No idea how much of an issue that might be.
Pulse said:
It's actually not... I thought it was odd, too. It's a scheme because she works for Audi though, and that's what it says on the FAQs. They are the registered owners, but she owns the car. It makes for some really confusing insurance quotes.
There is no such thing as a registered owner.There is a registered keeper and that would be your partner as she is the one looking after it.
If your partner is leasing it, she cannot own it at the same time.
Ean218 said:
There is no such thing as a registered owner.
There is a registered keeper and that would be your partner as she is the one looking after it.
If your partner is leasing it, she cannot own it at the same time.
Wel, this is just what it says on the FAQs:There is a registered keeper and that would be your partner as she is the one looking after it.
If your partner is leasing it, she cannot own it at the same time.
To whom are scheme vehicles registered?
Audi Centre Car Scheme vehicles are registered to the funder (as stated on the Credit Sale Agreement), who will retain the V5C Registration Document.
All vehicle details will also be registered on the HPI database.
Who owns the vehicle?
During the term of the Credit Sale Agreement and thereafter if you settle the balance at any time in full in cash, you are the legal owner of the vehicle.
Pulse said:
They are the registered owners, but she owns the car.
I presume you mean they are the registered keepers?Is this an eco (employee car ownership) scheme? Still doesn't make sense though.
Try LV= - they're usually sensible to talk to - my daugher had a bit of an issue as she lives in business premises with their own post code so it doesn't come up in address look-ups on most insurers sites but LV were fine about it. Their premiums can be random, though.
Pulse said:
Who owns the vehicle?
During the term of the Credit Sale Agreement (and thereafter if you settle the balance at any time in full in cash,) you are the legal owner of the vehicle.
My bracketsDuring the term of the Credit Sale Agreement (and thereafter if you settle the balance at any time in full in cash,) you are the legal owner of the vehicle.
On the face of it, the part of the above not in the brackets seems unlikely, although I suppose it depends upon the nature of how the finance package is constructed.
Pulse said:
Yep, it's an Audi Centre scheme - available to every person working in an Audi dealership.
So what does everyone else do - has she asked her colleagues?Like I said earlier, I bet the vast majority don't give it a second thought and put themselves as owner and keeper.
Pulse said:
I agree, I reckon most will put themselves as the owner without a second thought, but I'd rather be insured properly in the event of a crash - I wouldn't want £16,000 worth of car to pay for.
It would be fairly difficult for the insurance company to argue that a mis-understanding in declaring the ownership/keeper was a significant factor in any claim.Huge proportions of new cars are sold to private owners on personal leases or PCPs - I can't imagine why your OH's situation should be difficult?
Deva Link said:
Pulse said:
I agree, I reckon most will put themselves as the owner without a second thought, but I'd rather be insured properly in the event of a crash - I wouldn't want £16,000 worth of car to pay for.
It would be fairly difficult for the insurance company to argue that a mis-understanding in declaring the ownership/keeper was a significant factor in any claim.sebdangerfield said:
I don't understand this. I lease my Audi and am neither the owner or the registered keeper but all my insurance quotes are perfectly reasonable. I've not noticed them any higher than the quotes I did for me owning the car before I decided leasing was my best option.
Same here just insured my A6 leased through Audi finance no issues whatsoever??Mines a proper lease done through my company, from memory I think the company was "one quote direct" but I have insured several cars that I have leased without issue and have always stated it is a lease car, because they ask you if you own the car.
Admiral was another insurance company I have used.
Admiral was another insurance company I have used.
I've still not been able to get it below £1000, where it would be £500 to insure as my own car.
I'm going to do some proper ringing around soon, as often they say they can't quote over the internet, but may be able to over the phone - it just makes the process a bit longer. I'd be happy with a 50% increase, but not a 100% increase.
I'm going to do some proper ringing around soon, as often they say they can't quote over the internet, but may be able to over the phone - it just makes the process a bit longer. I'd be happy with a 50% increase, but not a 100% increase.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff