Private Lease Car Insurance

Discussion in 'Insurance & Finance' started by Hitman999, May 1, 2014.

  1. Hitman999

    Hitman999 Hardcore MB Enthusiast

    Messages:
    301
    Joined:
    Aug 10, 2011
    Location:
    Leicestershire
    Car:
    Porsche Macan GTS
    Hi,

    I am looking to Lease my next car and wanted to know which insurance companies people are using for their private lease insurance?
    My current insurer won't cover me as the V5 will be in the finance company name and the registered keeper will be the finance company.

    Looking at the deals it is much cheaper to get the car on lease than PCP.

    Any help appreciated.
     
  2. christopherwk

    christopherwk Hardcore MB Enthusiast

    Messages:
    741
    Joined:
    Mar 25, 2009
    Location:
    Richmond-upon-Thames
    Car:
    2016 E220d SE Cavansite Blue/Macchiato Beige
  3. JimboDS

    JimboDS Hardcore MB Enthusiast

    Messages:
    288
    Joined:
    Sep 19, 2012
    Location:
    Oxfordshire
    Car:
    C350 CDI Sport Plus, RX8 replaced by Mazda2 (wife's)
    Is the log book definitely not in your name? The log book isn't proof of ownership. I always thought regardless of finance method it was in the keepers name i.e. yours.

    My car is on MB's finance so not speaking from experience.
     
  4. OP
    OP
    Hitman999

    Hitman999 Hardcore MB Enthusiast

    Messages:
    301
    Joined:
    Aug 10, 2011
    Location:
    Leicestershire
    Car:
    Porsche Macan GTS
    Hi,

    Just spoke to the lease company and the finance company will retain the V5 as they will tax the vehicle for the duration of the lease. The finance company will be the Registered Keeper and Owner.
     
    1 person likes this.
  5. OP
    OP
    Hitman999

    Hitman999 Hardcore MB Enthusiast

    Messages:
    301
    Joined:
    Aug 10, 2011
    Location:
    Leicestershire
    Car:
    Porsche Macan GTS
    Hi,

    Thanks I will give them a try.
     
  6. baxlin

    baxlin Hardcore MB Enthusiast

    Messages:
    604
    Joined:
    Apr 26, 2013
    Location:
    Home Counties
    Car:
    Volvo C70 and JZR 3 wheeler
    Mine's with Aviva through my friendly broker who sorted out the wrinkles for me. My name doesn't appear on any vehicle ownership paperwork, as "My" car is leased from MB Corporate by my company, of which I am a Director. The insurance though IS in my name.

    (Yes I know doing it this way it's classed as a company car and I'm taxed accordingly, but it suits the circumstances!)
     
  7. OP
    OP
    Hitman999

    Hitman999 Hardcore MB Enthusiast

    Messages:
    301
    Joined:
    Aug 10, 2011
    Location:
    Leicestershire
    Car:
    Porsche Macan GTS
    Thanks for the info.
     
  8. OP
    OP
    Hitman999

    Hitman999 Hardcore MB Enthusiast

    Messages:
    301
    Joined:
    Aug 10, 2011
    Location:
    Leicestershire
    Car:
    Porsche Macan GTS
    Hi All,

    For information I just called Admiral Insurance and they would insure the car on a Personal Lease with the Registered Keeper and Owner being the finance company. Good news as the price is reasonable too.
     
    1 person likes this.
  9. Markjames

    Markjames Hardcore MB Enthusiast

    Messages:
    704
    Joined:
    Sep 14, 2012
    Location:
    Ashford, Kent
    Car:
    mercedes e220 coupe
    I had the same problem a couple if year's ago with a leased seat, I found Kwik fit insurance the cheapest for all three years I had it.
     
  10. OP
    OP
    Hitman999

    Hitman999 Hardcore MB Enthusiast

    Messages:
    301
    Joined:
    Aug 10, 2011
    Location:
    Leicestershire
    Car:
    Porsche Macan GTS
    Thanks. I'll give them a call too.
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.