i drive a car that is purchase under my uncle's name.
the procedure to change the name of the car owner?
you have to check if the car is fully paid or is still under hire purchase?
if not fully paid and car is transferred, he has to full-settle his loan with his finance company and you have to pay your uncle
if he expects to be paid, then you may have to take a loan, in that case, should be treated as a sale and you should check with a finance company
or
if not transferred, you may want to pay him in monthly instalments
just that you have to settle the ownership details, PARF and COE etc
insurance will still be in his name if car is not transferred
transfer procedure ---> check LTA website
transfer fee is not a big sum
insurance etc...
how old is the car?
how old are you?
how much NCD (No Claims Discount) does your uncle have?
if you "buy over" now, you will probably have no NCD and plus your loading (age, profession and no. of years of "driving experience", etc) may have to pay more in insurance now but less in future after you have chalked up more NCD
if you wait and buy new car later, then the insurance will be higher for new car but you will have, by then, chalked up more years of "driving experience" and so may push the insurance premium down, except your NCD will start from zero
the insurance i am paying now, is it cover the car accident.? or must my uncle drive got accident then can claim?
touch wood
your uncle's car insurance will have a un-named driver excess and also a named driver excess
you can check the policy to check how much it is
finally, you can check insurance premiums with a number of companies to get a better picture of the expected premium which you will need to pay
all the best
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