November 21, 2011, 2:23 pm
Could I buy a car on someones behalf and he/she be the registered keeper? - Yes you could, just because the money comes out of your account does not mean that you are the registered owner... who's name is going to be on the V5?
Would this affect me the finical owner of the vehicle? My insurance etc... again, technically no, because you bought something doesnt mean its yours... if you buy the gift and donate it to someone then you are not responsible afterwards. as long as no paperwork to the vehicle has your name on it, your technically nothing to do it.
Would it affect their insurance not being the owner? - If you were to remain the "owner" of the vehcile, your name would be on the V5, therefore you may be obligated by your insurance to acknowledge you have "another vehicle" however it really depends. On the other hand, you cannot be the "Primary Driver" of a vehicle that is "owned" by another person. For Example, as young lads an' lasses pass their test, their parents may buy them a car (in parents name) and put the child as a "main driver") this is Fronting and is illegal
however, if the parent buys said car, puts childs name on the V5, then technically they are nothing to do with it, the child is owner and responsible..
Any help and advice very gratefully received
If you ARE the registered Owner - on a V5 - Yes you may need to acknowledge owning another vehicle, however it should not affect your insurance, but your insurers may offer you a "discount" for insuring both of them... you may also be obligated to tell them so that they do not Void your warranty in case of an incident.
finally any drivers of your car would need to be placed as Named Drivers, or Other Drivers only, no one but yourself can be the Main Driver / Primary Driver. Bare in mind that in the event of speeding tickets etc, you would be the first person called upon to identify the driver...
If you ARE NOT the registered owner on the V5 - The vehicle is technically nothing to do with you, whoevers name is on the V5 it is their responsibility for all legal proceedings, they would be responsible for the insurance and ownership, and would need to have you as a named driver, but themselves as the main driver.
I hope this irons things out... but I agree with the above, you should always check with your insurers, as I say the act of "Fronting" ones insurance can be frowned upon and is a criminal offence, and you need to be sure that even with all the best of intentions, that you are not putting yourself into a position of criminality inadvertantly.
Hope this helps