My friend wants to lend me his van not sell it to me! - Page 2

kevin75tourer · 25th June 2015, 22:58

£20 for one day £148 for three weeks but would have to ring them to check my use of the vehicle and tell them I do not own it tomorrow

£148 is quit a bit for less than a month compared to say £300 for a year!

I have used temp cover to pick up a car before for e a day and £20 for that is reasonable but for more than two or three day it certainly starts to add up

kevin75tourer · 25th June 2015, 23:05

Quote:

Originally Posted by Bolin

Hmm technically that only matters if the registered keeper changes, and the legal owner does not have to be the registered keeper.

So in theory a signed receipt transferring ownership of the van would be enough wouldn't it

The insurance company did not specify weather I had t to be the legal owner or the registered keeper of the van the just said I had to have a financial interest in the van which I would take as being the owner not the registered keeper.
For the registered keeper to stay the same he would at the very least need to be a named driver off the van if not the main driver a guess!!?

RayH · 25th June 2015, 23:19

Quote:

Originally Posted by kevin75tourer

The insurance company did not specify weather I had t to be the legal owner ot the registered keeper of the van the just said I had to have a financial intrest in the van which I would take as being the owner not the registered keeper.
For the registered keeper to stay the same he would at the very least need to be a named driver off the van if not the main driver a guess!!?

For the sort of "day cover" I looked at you didn't need any financial interest. I did a similar thing some years ago when a mate and I did a trip. He had some silly dealer insurance that was going to cost a small fortune to amend so I took out cover for a couple of days on his car.

kevin75tourer · 26th June 2015, 07:13

Quote:

Originally Posted by RayH

For the sort of "day cover" I looked at you didn't need any financial interest. I did a similar thing some years ago when a mate and I did a trip. He had some silly dealer insurance that was going to cost a small fortune to amend so I took out cover for a couple of days on his car.

My comment related to normal insurance not temp cover.

Thank again for the help and input and sorry if the was any confusion!

Many more ideas or comments?

Coups · 26th June 2015, 07:35

DVLA take officially up to 8 weeks to process V5's (transfer of registered keeper) since their 'modernisation' it can take longer...... Again a V5 is not evidence of ownership anyway. In my opinion I think you should take 'part ownership' of the van with your friend. Insure it as you wish and return 'full ownership' to him at a later date. Don't fret about the V5. All of this process is really just a play on words.

25th June 2015, 22:58	#11
kevin75tourer Loves to post 75 Contempery SE Tourer in Moonshine/220 Coupe's/ 216 Coupe's 420GSI Tourer Join Date: Jan 2011 Location: Cambridge Posts: 283 Thanks: 21 Thanked 11 Times in 10 Posts	£20 for one day £148 for three weeks but would have to ring them to check my use of the vehicle and tell them I do not own it tomorrow £148 is quit a bit for less than a month compared to say £300 for a year! I have used temp cover to pick up a car before for e a day and £20 for that is reasonable but for more than two or three day it certainly starts to add up __________________ Proud owner of one off the last Moonshine Rover 75 CDTI Tourer ever made. Indeed the last MG ROVER in Moonshine and also one off the first 15!

26th June 2015, 07:35	#15
Coups Posted a thing or two Rover 75 Contemporary SE Join Date: Apr 2014 Location: Dundee Posts: 1,941 Thanks: 545 Thanked 520 Times in 402 Posts	DVLA take officially up to 8 weeks to process V5's (transfer of registered keeper) since their 'modernisation' it can take longer...... Again a V5 is not evidence of ownership anyway. In my opinion I think you should take 'part ownership' of the van with your friend. Insure it as you wish and return 'full ownership' to him at a later date. Don't fret about the V5. All of this process is really just a play on words.