Getting new, and selling old advice

[Electric_Andy]

Just asking what others do who have changed cars before. We're getting a new to us (2020) car delivered in a couple of weeks. We want to sell our Renault privately (as we've been offered the usual pittance by WBAC etc). All I can think of doing is insuring the new one when we get it, but on a new policy, whilst keeping the old one insured else no-one will be able to test drive it. But that means our no claims etc will sit with the old car we are trying to sell, whilst our shiny new one will have to start a policy with 0 years NC.

Is that what everyone else does? Other option is to advertise the old one now and say it's not going to be available until our new delivery date? We have gone down to a 1 car family and really can't be without a car for more than a day

 

[roubaixtuesday]

Most insurance policies allow the policyholder to drive another car. Mine quotes "The Policyholder may also drive, with the consent of the owner, a private motor car. Only Third Party liabilities are covered when driving another car. "

In your situation, which I expect to be in later this year, I would transfer the insurance to the new car, and take the risk on theft etc of the old car while selling.

Most insurance I think covers only named drivers, not anyone taking a test drive. They need to be covered on their own insurance.

This is AIUI, but I'm also naive in this so would welcome an experienced viewpoint!

 

[Bonefish Blues]

Transfer the insurance to the new one and buy day insurance if you really need to for test drives - but you will have to name that driver, or it will just be you who is insured, of course.

 

[Electric_Andy]

Transfer the insurance to the new one and buy day insurance if you really need to for test drives - but you will have to name that driver, or it will just be you who is insured, of course.

Thanks. I guess this is why more people now are driving the car themselves with the potential buyer in the passenger seat. We'll probably just do that then. But IME many people don't entertain buying a car without driving it. The last time I did this, I let them drive, stupidly, but I was desperate to sell the car

 

[Vapin' Joe]

Most insurance policies allow the policyholder to drive another car. Mine quotes "The Policyholder may also drive, with the consent of the owner, a private motor car. Only Third Party liabilities are covered when driving another car. "

But only if the other car is also insured.

 

[vickster]

I just used WBAC (needed to get shot of the old car no (searching) questions asked), paid cash for the new car (well deposit on CC for the protection, debit card for the balance), collected it by bike which went in the boot for the drive home.

Phone and ask your current insurer for their advice!

 

[a.twiddler]

This is why companies like WBAC can exist. It's getting quite awkward, or involves extra expenses, for the ordinary driver to sell privately and just taking the hit for the sake of convenience can be quite attractive. If you're not someone who trades in every two years, or like us, get the most out of a car before trading it in for peanuts when the dealer could only sell it on through an auction, the ones in the middle depend a lot on luck to sell a middling age/mileage car and not have it hanging around for ages or lose money on it. It sucks, really.

 

[roubaixtuesday]

But only if the other car is also insured.

As in, the test driver's other car must be insured ? Yes.

 

[Beebo]

But only if the other car is also insured.

And isn’t yours.

 

[teeonethousand]

As in, the test driver's other car must be insured ? Yes.

Your car must be insured, the driver must have insurance in their own name ( not be a named driver) and their insurance must specifically state that they are able to drive other cars. A lot of comprehensive policies allow this but not all.

 

[roubaixtuesday]

Your car must be insured, the driver must have insurance in their own name ( not be a named driver) and their insurance must specifically state that they are able to drive other cars. A lot of comprehensive policies allow this but not all.

Yes - I checked that on my policy per quote above

 

[teeonethousand]

Yes - I checked that on my policy per quote above

Also..they are only covered 3rd party while driving your car so I would always be with them and would only let them drive once everything else was clear, price etc and only if the deal is done, evidence of money and subject to the drive. Once sold I always have changed the logbook over online with them before they left and as soon as money sorted so that any tickets, insurance etc issues are their problem

 

[fossyant]

I did WBAC, got next to nothing for an excellent, but 22 year old car. Didn't want any comeback, and we had no space, as I'd literally just bought the van. I'd broken my pelvis and hip joint at this point, so it was a right struggle getting the car just a couple of miles to WBAC, as the van was an auto.

PS I didn't know I'd broken my left side at this point ! Wouldn't have been insurable had I known.

The car is still about - it's currently taxed and MOT'ed - flew through with no advisories just after I sold it. It was due an MOT so didn't want the cost/repairs (plus couldn't drive it well). In the end, someone got a nice car for not much.

 

[DCLane]

I stuck SWMBO's old Honda Jazz on eBay in November with WBAC's first valuation as the start price.

First 'buyer' bid, cancelled and then offered half their winning bid. So they were reported to eBay.

Second offered a decent price and collected the next day without a test drive.

Be aware that their fees can be a bit high at about 10% of the selling price. Even with those I got more than WBAC.

It had only 2 month's MOT left and needed a new radiator with the repair cost being too much for us as she needed a replacement anyway. The Honda passed it's MOT fine last week.

 

[a.twiddler]

I've bought and sold some motorcycles via ebay which have worked out well but this depends on having a certain amount of knowledge on the part of both parties. There is the buyer protection there of course, but they do take a chunk as a fee as well. Quite a while ago I had a winning bidder who didn't pay and stopped communicating and ebay wouldn't let me relist until their self imposed time scale had elapsed, which was a pain. Not sure I'd like to sell a car that way, though. Also, they weren't selling for the large amounts that a relatively modern car might go for.

The buyers of the bikes I've sold got a lift or a train and rode them home after sorting tax and insurance online, a few hundred miles in each case. Not sure I would have done that but there you go.