Selling first car privately - few Q's
Discussion
Normally in the past I'd always trade in my car when it came to buying a new one. It just seemed so much easier than trying to sell privately (so excuse the dumb questions).
However now I've found my new car from a private seller, so P/X isn't an option and I'm going to have to sell my Lexus LS430 barge privately.
As soon as I get my new car, can I simply transfer the insurance over to it and leave the Lexus 'uninsured' if it is on private property? If so, how does this work if someone wants to take it out for a test drive?
I've also just put a new tax disc on there too. Should I leave this on there (might it sell better?) or get a refund for it?
However now I've found my new car from a private seller, so P/X isn't an option and I'm going to have to sell my Lexus LS430 barge privately.
As soon as I get my new car, can I simply transfer the insurance over to it and leave the Lexus 'uninsured' if it is on private property? If so, how does this work if someone wants to take it out for a test drive?
I've also just put a new tax disc on there too. Should I leave this on there (might it sell better?) or get a refund for it?
surveyor said:
You will find for just a few £ that your insurance company will be happy to cover both cars for a while.
This would be ideal for me as I don't particularly want to SORN my main car just for 2 months.. wonder how much extra they would charge me for a few months use of a banger. (Elephant)jimxms said:
surveyor said:
You will find for just a few £ that your insurance company will be happy to cover both cars for a while.
I'm not so sure. It costs me a fortune as it is, and the new car is 4.2 supercharged so I have a feeling they might want to rape my bottom?Basically you change the car on the policy to the new one, then add the old one back on for 14 days for a fee. If it's still unsold then you can extend another 14 days. Dunno how long you can keep doing that, but pro-rata the price is much more costly than a full year's policy, so they have the facility but the price encourages you to get rid of the old car fairly soon.
As others have said you can't keep a car taxed if it has no insurance. If you do you'll get a nice automatic fine through the post from the DVLA.
Saying that even if it is taxed for people to test drive insurance companies won't allow them to drive other cars third party unless it is already insured by the owner in the first place.
As I see it you either keep it insured along with your new car or you sell it first and then look for another car.
Saying that even if it is taxed for people to test drive insurance companies won't allow them to drive other cars third party unless it is already insured by the owner in the first place.
As I see it you either keep it insured along with your new car or you sell it first and then look for another car.
Edited by DanielC4GP on Friday 11th November 15:12
ks!' to the sorn must be declared if not insured, but I checked and that is true. 
DanielC4GP said:
As others have said you can't keep a car taxed if it has no insurance. If you do you'll get a nice automatic fine through the post from the DVLA.
No you really wont. I had a car with tax and insurance, swapped the insurance over to a new car, tax expired 3weeks later, 3weeks after that i reinsured it and retaxed it with just a reminder sent from the dvla.rb5er said:
DanielC4GP said:
As others have said you can't keep a car taxed if it has no insurance. If you do you'll get a nice automatic fine through the post from the DVLA.
No you really wont. I had a car with tax and insurance, swapped the insurance over to a new car, tax expired 3weeks later, 3weeks after that i reinsured it and retaxed it with just a reminder sent from the dvla.They're being pretty lenient for now as it only changed earlier this year (16th May IIRC). I expect they'll firm up in due course.
Anyway, OP leave the tax on the car as it's worth something to potential buyers when considering similarly priced examples that may not be taxed.
If however you do reclaim the tax, SORN the vehicle and cancel your own insurance for the duration, then the only insurance that will be in force generally (as ever, specifics vary with policies) will be third party liability cover if the person driving who holds that policy on their own vehicle.
So if they write it off, you get nothing for the value of the vehicle. Some policies may extend their fully comprehensive cover to FC on any vehicle with the owner's permission, but that often requires that owner to also have insurance in force. Keeping your own car insured until the new owner drives it away is simplest and safest all round IMO.
I hope it doesn't come to be the case for you, but be aware that people may often have absolutely no conscience about wasting your time. Be mindful of scammers too. If something sounds or feels "iffy" to you, it usually is - does no harm to ask here if you're uncertain.
Good luck with the sale, we'll keep a look out for it in the barge threads.
Edited by Zwoelf on Friday 11th November 17:28
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