No claims quandry
Discussion
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
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
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?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?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!
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