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| Rent To Buy/Settle Buy Insurance Issue http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=5&t=18800 |
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| Author: | Miss Daisy [ Mon Mar 19, 2012 4:47 am ] |
| Post subject: | Rent To Buy/Settle Buy Insurance Issue |
Hi All, I decided to Rent to Buy a PH vehicle and I subsequently received a contract (of sorts). The 'weasel' I am buying the car from has a few lads currently Renting to Buy and the rest of his cars are Settle. However, all of the cars have been put on a Fleet Insurance Policy with the 'weasel' as the policyholder. If I have a contract and receipts to show I am making payments to purchase the vehicle and I have statements showing my 'Insurance Payments' so.....my question is...Should it have been included on a Fleet Policy ? And....I am buying the car and pay for its insurance but I am not named as the policyholder so therefore I will have no say whatsoever if I am involved in an accident. Has anyone else been in this situation ? How can I get the legalities of this clarified ? Any advice appreciated |
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| Author: | Sussex [ Mon Mar 19, 2012 8:22 am ] |
| Post subject: | Re: Rent To Buy/Settle Buy Insurance Issue |
The car is in the name of the seller until such times he decides to change it to you, which I suspect will be when you finish paying for it. Until then, he, as the license holder, has a duty to insure it. |
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| Author: | grandad [ Mon Mar 19, 2012 8:27 am ] |
| Post subject: | Re: Rent To Buy/Settle Buy Insurance Issue |
Interesting that you say that you have a contract to say that you are making payments for the purchase of the vehicle. Does the person that you are paying have a license to provide credit? |
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| Author: | Nidge2 [ Mon Mar 19, 2012 8:33 am ] |
| Post subject: | Re: Rent To Buy/Settle Buy Insurance Issue |
grandad wrote: Interesting that you say that you have a contract to say that you are making payments for the purchase of the vehicle. Does the person that you are paying have a license to provide credit? I bet he doesn't. |
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| Author: | wee eddie [ Mon Mar 19, 2012 2:13 pm ] |
| Post subject: | Re: Rent To Buy/Settle Buy Insurance Issue |
Have you spoken to anyone who has completed a 'Hire to Buy' with this Operator? As you will be spending a very large sum of money, possibly 30, or even 40, thousand £'s before the Contract is completed. It would make sense to spend a couple of Hundred £'s and get a lawyer to check the Contract for you. |
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| Author: | Sussex [ Mon Mar 19, 2012 9:23 pm ] |
| Post subject: | Re: Rent To Buy/Settle Buy Insurance Issue |
Nidge2 wrote: grandad wrote: Interesting that you say that you have a contract to say that you are making payments for the purchase of the vehicle. Does the person that you are paying have a license to provide credit? I bet he doesn't. I know he doesn't. |
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| Author: | skippy41 [ Tue Mar 20, 2012 1:10 am ] |
| Post subject: | Re: Rent To Buy/Settle Buy Insurance Issue |
If your paying out more than £100 per week go and buy your own car, at least you will know its yours, what if you get the sack you will have paid for nothing |
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| Author: | grandad [ Tue Mar 20, 2012 6:26 am ] |
| Post subject: | Re: Rent To Buy/Settle Buy Insurance Issue |
skippy41 wrote: If your paying out more than £100 per week go and buy your own car, at least you will know its yours, what if you get the sack you will have paid for nothing Maybe under those circumstances the owner would refund all the payments already made. 
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| Author: | wee eddie [ Tue Mar 20, 2012 12:27 pm ] |
| Post subject: | Re: Rent To Buy/Settle Buy Insurance Issue |
grandad: - Do you believe in Fairies as well? I would reckon that that is part of the Plan: Get someone to pay Rent+ for as long as you can and then sack him for a Gross Misdemeanour of some kind. There'll be nothing that he can do. |
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