Buy a car through a ltd company - couple of questions...

[5pitfire]

I’m buying a new car through my company to take advantage of the 0% benefit-in-kind rules for electric cars.

The garage wants proof of insurance in the company’s name.

Does this sound right?

Good or bad experiences with particular insurers or brokers?

Many thanks!

[Ziplobb]

They may want the insurance to tax it for you ? either way the company will have to insure the car that it is buying for you and will need to make sure its isnured when the dosh is handed over/finance granted so what is the issue ?

[5pitfire]

Thanks - just wondered if this standard procedure.

[SS2.]

Ziplobb said:

They may want the insurance to tax it for you ?

Insurance is no longer checked at the point of taxing a vehicle - hasn't been for some time.

[minghis]

Sounds a bit strange to me, we have bought plenty of company vehicles and never once has the dealer asked for insurance. I can't see why they'd need it?

[Sheepshanks]

Is it due to finance being in the company’s name?

I’ve seen threads before where posters have found insurance in the company name is way more expensive than a personal policy.

[5pitfire]

Interesting point re finance. It was going to be financed but will now be a cash purchase.