hughs2

Seeing as my S is with b*gger all because the tw*ts in banks pushed house prices up too high I am thinking maybe lend the S out while I'm away for about 7 months.


How is this usually done though? My insurance runs to December 08 and tax and MOT well into next year. If I persuade a mate to take it on I would name them on the insurance till it runs out, but what happens then? Is the owner expected to pay for another years insurance even if not driving the car?

MB

I hope he's a very good mate. These things can end in tears.

Not sure on the insurance side, if he is a named driver then it should be ok. You could just say he's your partner

When it runs out, someone needs to reinsure it, or you will get nothing if it's pinched or damaged. That choice is up to you as the owner, but it certainly can't be driven with no insurance policy on it.

Beardie

Sorn it and stick it in a garage.

hughs2

didn't think of sorn actually, but no garage. sorn is a pain in arse for that ... most people don't have garages or driveways.


I am assuming that whoever it is lent to would be getting some good value out the remaining insurance, MOT and tax which they would otherwise be paying for if they bought their own car, so they would pay for their own insurance after mine runs out?

There's nothing like car hire companies that can hire it out for you while you're away?

Hockenheim

Let them use their own insurance. If they crash, you will be affected by increased premiums.

Harry

hughs2

thanks for the replies all!

yeh good point. so ... i pay for the tax and mot and they get their own insurance .. and get to drive one of the most fun cars on the road.

Beardie

Might be an issue getting insurance for a car they don't own?

jonner

Would be lending it out to anyone...

Dracoro

On top of insurance, you'll want them to pay for any damage, running costs, servicing etc...

I'd hire a safe garage, SORN it and lock it away.

Nottm_S2

I dont expect S prices will increase. That just does not happen with cars aside from the odd classic. Therefore you're best off either storing the car or flogging it.

If (as I do with mine) you feel you currently don't need it but it's a decent example that would be hard to replace (if my circumstances change or when you come back to the country)

and your old man doesn't want to look after it for you

then you have that dilema. Personally i'd flog if i were you. Buy another when you return. You can't predict what you'll end up doing and that cash may prove useful in the bank