Car Insurance - Buying and Selling

[Elijay]

In the past I've always traded my car in but this time round I intend buying my friends car.

Until I sell mine, for a short while I could find myself being the owner of two cars. Taking mine off the road is not an option.

What do others do? Any advice would be appreciated.

[Count-A-Strong]

Have you considered asking a local garage to sell it for you for a percentage? You could then cancel your insurance as it would be off the road. You would need to agree that the insurance for any test drives would be the garages responsibility.

Why is taking it off the road not possible?

[Elijay]

I can't take it off road in a crowded city like Portsmouth as there's nowhere to put it. I had considered asking a local garage to sell it on for me. Just gotta find the right one. I will ask my insurance company what they recommend.

[woozer]

Ask your insurance company - some of them will give you a few weeks cover for the extra car - at a price obviously. Unfortunately some of them dont.
My daughter just sold her 3 year old car to "we buy any car.com "- afer a bit of a haggle they gave her an excellent deal compared to what the local dealers were offering and the money was in the bank on time with no worries about dodgy cheques or counterfeit notes. No I dont work for them LOL

[Hymie]

Woozer’s advice is best (contact your insurance company and advise them of the situation).

Rip off insurance companies will want you to insure the second car, giving you no no-claims discount – claiming that you have not earned the discount for a second car. If they come this old ruse – contact Direct-Line who will give you whatever no claims discount you have earned on your first car, on both cars. The down side is that once you sell the car (and no longer require the insurance) they will refund the remaining insurance premium, less an administrative fee (£25, I think).