V5 logbook - does registering new keeper = ££££?

miniyazz · 8 Jan 2010 at 21:01

As title - I may need to be become the registered keeper of my dad's car when I borrow it, for insurance reasons. Will this cost me anything to send off? I know little about selling cars and my Google-Fu is weak tonight

Cheers

TripleT · 8 Jan 2010 at 21:02

I don't think so but it will add an owner to the car so not really ideal. Is it REALLY need??

Lopéz · 8 Jan 2010 at 21:04

No it won't cost anything.

miniyazz · 8 Jan 2010 at 21:07

I will be phoning up to double-check with a different person before I do anything. But from what I was told, I cannot be the 'main' driver of a car if I am not the registered keeper (DirectLine). Now this does seem very silly to me as surely there must be many situations when this isn't the case (company cars, for example), so I'm looking into the other options just in case. I'm not keen on being a named driver because my (admittedly small) no claims will vanish, plus isn't it illegalish if I'm doing most of the miles? and the car will still be owned by my Dad - and he doesn't mind the added registered keeper on the V5.

miniyazz · 8 Jan 2010 at 21:07

Lopéz said:
No it won't cost anything.

Good to know, thanks

Ace Modder · 8 Jan 2010 at 21:19

I would say too many owners can devalue the car.

miniyazz · 8 Jan 2010 at 21:22

Ace Modder said:
I would say too many owners can devalue the car.

Well yes - but as I've said, the monetary owner doesn't mind. To be fair, he's had it since new :eek:

and another owner (or two) probably isn't going to make much price difference a couple (or more) years down the line when it finally gets sold.

-Ad- · 8 Jan 2010 at 21:50

Ace Modder said:
I would say too many owners can devalue the car.

My car has been in the family since new 16yrs ago and changed ownership about 10+ times

It's a good thing I intened to keep it SORN as an emergency car if required plus run it into the ground

Burnsy2023 · 8 Jan 2010 at 23:29

miniyazz said:
I will be phoning up to double-check with a different person before I do anything. But from what I was told, I cannot be the 'main' driver of a car if I am not the registered keeper (DirectLine). Now this does seem very silly to me as surely there must be many situations when this isn't the case (company cars, for example), so I'm looking into the other options just in case. I'm not keen on being a named driver because my (admittedly small) no claims will vanish, plus isn't it illegalish if I'm doing most of the miles? and the car will still be owned by my Dad - and he doesn't mind the added registered keeper on the V5.

Have you tried a different insurance company? It's not the same for all.

miniyazz · 8 Jan 2010 at 23:36

Burnsy2023 said:
Have you tried a different insurance company? It's not the same for all.

Directline are cheaper than comparison sites at least - and I have named driver no claims with them, and if I swap part way through a policy (which I will be doing), I'll have cancellation fees and won't finish building up my proper driver no claims (1st year). I think I'll be sticking with them

miniyazz · 10 Feb 2010 at 19:48

OK, a little update. I booked my insurance a week or so ago to change to my Dad's car and they didn't mention anything about me not being the registered keeper, so I left it at that.

However, I phoned them up tonight and the woman said I need to be the registered keeper, and checked with her supervisor when I queried - that it's a legal requirement for the insurance to be in the registered keeper's name? :confused:

Company cars excepted as they go under "company car insurance".

I'm on the phone atm for any prompt repliers with any seeking questions I should be asking? Edit: Too late

Burnsy2023 · 10 Feb 2010 at 20:07

miniyazz said:
However, I phoned them up tonight and the woman said I need to be the registered keeper, and checked with her supervisor when I queried - that it's a legal requirement for the insurance to be in the registered keeper's name?

Not true, ask them to name the act.

miniyazz · 10 Feb 2010 at 20:10

Burnsy2023 said:
Not true, ask them to name the act.

Literally just got off the phone with them again to clarify something, popped the question again, got a slightly different response -

Dad can be registered keeper and give me the car but I cannot be registered keeper and give him the car

She didn't mention legalities, she started off saying I needed to be registered keeper then said the above - in other words, it's ok for your parent to be the registered keeper but anyone else becomes a problem. I'd chase it up further with them but I don't want to upset the applecart now I've got a result I'm happy with!

Fr0dders · 10 Feb 2010 at 20:13

Burnsy2023 said:
Not true, ask them to name the act.

seconded

doesnt matter who the registered keeper is

registered keeper does not equal owner. They either need to say in what section of their T&Cs it says this, or what piece of legislation they thing says this

PS when she says she 'checked with her supervisor" she put you on hold while she had a chat about the x factor with her mate. If you spoke with the "supervisor" then you spoke with that mate

ive worked in call centres before and know how it works

ring back and get somebody else if you havent already.

ste_bla · 10 Feb 2010 at 20:16

Personally I didnt do this when insuring short term, if anything happens then you could send it off with new drivers details back dated this way it can be done if needed and doesnt add another 2 drivers to no of drivers bit..

miniyazz · 10 Feb 2010 at 20:20

Owner didn't matter, just registered keeper they were worried about. Like I said though, I'm not going to risk upsetting the apple cart