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Has anyone took out a business lease with MB, but paid for it from a personal account? i.e. used their VAT reg'd busness to get the cheaper lease option, but not use it as a company car.
You cannot insure a vehicle that is registered to a Limited company on a personal insurance policy
Thanks for the replies. The lease i was looking at was around £40/month cheaper as a buisness lease - so for sake of ~£500/year its prob not worth the hassle over the personal lease.
Cheers,
is that a condition set down by insurers? Ownership & registration can be two different people / bodies
Also there is no requirement for a VAT-registered business to be a Limited Company
I would have thought that insurers would be worried more about the insurance being for the correct uses (business, SDP, etc) rather than the disposition of the owner. But I've never researched this
Nick Froome
If you have a lease car the finance company is on the V5. LV are happy to insure on this basis without committing fraud
To do this you would have to state that the owner/hirer of the vehicle was not the Limited Company.
The name on the V5 is technically not the owner, just the registered keeper.
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