Questions about car......complicated!!

[mummytotwo]

Re: Questions about car......complicated!!

In reaching a settlement with Insurance Company get screenshots of cars up for sale the same as yours I rejected a first and second offer a couple of years ago and used screenshots as prove of it's value

Thankyou, will do this. The motor trade Glass's guide has a retail price of 2150 (rang up car dealer where it was originally bought) so won't accept below £2000. Think i may have a battle on my hands though!

[Never-In-Doubt]

Re: Questions about car......complicated!!

You could be "acting" for the FiL in that respect; just get him to agree first.

Your FiL would remain the owner of the new car; then you're legally sod all to do with it. If hubby is reg keeper that "could" cause issues.

[mummytotwo]

Re: Questions about car......complicated!!

Thats what I mean.......if the settlement comes back to us and we buy a car with it (much more convenient than getting DH's dad involved again), would we be the owners even though the original car was purchased and owned by him.

[pompeyfaith]

Re: Questions about car......complicated!!

In reaching a settlement with Insurance Company get screenshots of cars up for sale the same as yours I rejected a first and second offer a couple of years ago and used screenshots as prove of it's value

[Never-In-Doubt]

Re: Questions about car......complicated!!

Surely it'll go to you as you're the insured party?

However you can request it is paid to the "natural owner" directly thus getting it paid to your dad so he can then buy a car and let you use it if he so wanted

[mummytotwo]

Hello everyone,
Well everything was pootling along nicely,forms provisionally filled in, just waiting for the 13th March, when BAM...........DH writes off our car.....aaaargh!!!. He went into the back of someone at a junction, and today our insurance company have deemed it a total loss based on cost of repair vs value of car. Have not had a settlement figure yet, and I am very prepared to fight to get a 'proper' value as I know they will try and fob me off.........thats another whole thread I think!

The issue is that ther car was bought by DH's parents for £2500 last Nov for us to use as we could not afford to buy one ourselves. DH is the registered keeper and it is insured in his name, but his dad is the legal owner and has the paper trail etc to prove this.
If we get a decent settlement, enough to get another car, then do we have to give back the money to FIL so that he can then buy another car for us to use? (In order for OR to not class it as an asset). Or can we go ahead and buy the car with the insurance money? Will the OR still be able to see that it does not belong to us?

Any thoughts would be great.......thank you in advance.