can I lease car in my name and insure it in my child's name?

18 replies
Found 4th Sep 2016
Is this fraudulent?

18 Comments

If you ask yourself, if it's fraudulent then the answer is yes.

is not if.

Original Poster

Well done fab advice thanks

Banned

Yes you can.

You just need to answer the owner, user & keeper questions correctly.

& no its not fraudulent if you are honest.
Edited by: "YouDontWantToKnow" 4th Sep 2016

Original Poster

Thanks

Your insurance company will generally ask you 3 questions around this. 1. Who is the owner f the vehicle? (person with financial interests. 2. Who is the registered keeper? 3. Who is the main driver? Provided that you honestly answer these questions you should be fine.

yes. I lease a car that is insured in my sons name. no issues. just answer the owner and keeper questions correctly.

I'd check the terms and conditions of the lease but as far as insurance goes, it's fine. You may find that you need to be insured on it as well as your child. This is all assuming your child holds a valid drivers licence :P

Banned

why don't you ring around a few companies up .

Yes it's OK

Can't see the issue with adding as additional driver

Original Poster

I called the leasing company (car owner) who said the car MUST have myself insured as the main driver. So it looks like it cant be done as my child WILL be the main driver. Dont wish to do insurance fronting. so it looks like thats it....
Edited by: "redadmiral" 16th Sep 2016

Original Poster

On the other hand, just found this:

At this time, the person who is financing the lease would usually need to be the policyholder, as the person who has the financial interest in the vehicle. Some insurers may allow someone else to be policy holder, but that’s something you will have to ask for and not all of them will allow it.

However, you don’t have to be the main driver. If your daughter, son, spouse, friend or employee will be driving the car 100% of the time but you’re footing the bill, you will have to be the one on the insurance. But, you won’t have to be the main driver.

Original Poster

Just had response to my query from the lease company.

"We are happy to confirm as per terms and conditions of your contract, you need to insure yourself and any authorised driver(s) against any claims for death, injury, loss or damage caused by the vehicle or its use.

What this means is that yourself and any persons you wish to drive the vehicle needs to have fully comprehensive insurance policy"

Nothing about who has to be the main driver or whos name the policy must be in. Or is it assumed it will be me the leasee?

Banned

redadmiral

Just had response to my query from the lease company."We are happy to … Just had response to my query from the lease company."We are happy to confirm as per terms and conditions of your contract, you need to insure yourself and any authorised driver(s) against any claims for death, injury, loss or damage caused by the vehicle or its use.What this means is that yourself and any persons you wish to drive the vehicle needs to have fully comprehensive insurance policy"Nothing about who has to be the main driver or whos name the policy must be in. Or is it assumed it will be me the leasee?



What it means is any driver needs to be insured. It is presuming that you will be driving too but if you are not there is no need to list yourself on the insurance as a driver. You will have to list yourself as the owner (or interested party) though as you own the vehicle via your finance agreement.


Edited by: "YouDontWantToKnow" 23rd Sep 2016

Original Poster

So I can put the policy iny daughters name, as the main driver and just add my self as an additional driver all legally?

Banned

redadmiral

So I can put the policy iny daughters name, as the main driver and just … So I can put the policy iny daughters name, as the main driver and just add my self as an additional driver all legally?



Your daughter needs to take out the insurance. When she is answering the questions about the legal ownership she needs to list your name. You will not be able to drive the car unless she also lists you as a driver.

Our lease car is in my wife's name and I drive it with the insurance in my name. Peugeot are down as the owners.
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