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+--- Thread: Traders or Fleet insurance for 19-21 year olds help please (/showthread.php?tid=6473)
Traders or Fleet insurance for 19-21 year olds help please - D6NGR.. - 09-12-2018
DaveEdin crafty till he has an accident or gets pulled... then he's screwed.
There's no point having insurance if it's not valid after all... so you might find he's just essentially driving uninsured, which is a big nono and will really leave him up **** creek...
mate he's been pulled and everything comes up ok really bad aint it.
Traders or Fleet insurance for 19-21 year olds help please - DaveEdin - 09-12-2018
It'll come up fine on a random check, as there is a policy with his name on it in existence, but if the cops actually look into it, and find out he's not employed by his mate with the garage, he'll get charged.
What's driving without valid insurance these days? Maximum fine of up to £5,000 plus six to eight points on your licence. If he's lucky he might get away with a fixed penalty of £200 with the six points... The link also mentions that the police have the power to check docs on this, leading to 300,000 convictions for uninsured driving a year...
Bottom line - not worth trying to take the **** with this, better to have your own policy.
On the original topic, if you actually have a company set up to trade in the cars you have bought (as in a registered limited company) you will find the likes of Adrian Flux will probably find you someone who can set up the policy. But it is NOT going to be cheap for you...
Traders or Fleet insurance for 19-21 year olds help please - D6NGR.. - 09-12-2018
true,true
Traders or Fleet insurance for 19-21 year olds help please - D6NGR.. - 09-12-2018
i asked adrien flux and they are saying NO,NO,NO,NO lol
Traders or Fleet insurance for 19-21 year olds help please - DaveEdin - 09-12-2018
Guess you're screwed for now then... You can't really sell the cars as a business if you can't even take someone for a test drive can you? You'll have to sell them on privately...
Setting up a business is a bit of an undertaking as well, if you want to do it right, you need loads of stuff done, like registering your company, accountants, VAT registration if you expect to turnover more than £50k a year, company bank accounts... the lot!
Traders or Fleet insurance for 19-21 year olds help please - ormi - 09-12-2018
To have a traders policy you don't need a company they will ask you how many cars you plan to sell a year any amount over 5 and you can get a traders policy.google trader policy brokers and phone around.
Think all that's against you is your age but it's worth a few phone calls.
Traders or Fleet insurance for 19-21 year olds help please - Carpediem - 10-12-2018
How often are you planning on driving them if your only selling them?
may be worth getting qoutes of the "pay as you drive" insurers,
if you only need to drive them from where you bought them to your house it will be cheap enough, even on stupid high insurance catergories
Traders or Fleet insurance for 19-21 year olds help please - D6NGR.. - 12-12-2018
no one will do a pay as you drive for me because of the age??
Traders or Fleet insurance for 19-21 year olds help please - Rabster - 12-12-2018
what about temp insurance ?
Traders or Fleet insurance for 19-21 year olds help please - D6NGR.. - 12-12-2018
Rabster what about temp insurance ?
same matey