Buying car from lease - insurance question

[tombar]

Hi all - my wife has a Nissan Note that she has leased for 5 (!) years from Lex. She loves the car and wants to buy it. As this car is contract hire she can't buy it directly from the lease company (as neither can I or our son) but her friend is happy to 'buy' it from the lease company and then 'sell' it to her immediately.

I can't see that there is a legal issue with this (although happy to be proven wrong) but I was just wondering what might happen to her insurance whilst this change of ownership takes place? I guess we'd have to wait until the new V5 in my wife's friend's name was issued before we could change it again to reflect my wife as owner? Would we have to inform my wife's insurer?

All this fuss for love of a Nissan Note - I ask you!

[tombar]

Thanks. I was over thinking it! Appreciated