Insurance as a P plater on Finance. - Page 4 - Perth-WRX.com

Rossco · #31 19-09-2010, 04:38 PM

^^ All cars on finance must have full cover prior to leaving the yard as far as I'm aware.

JDM_STYLE · #32 19-09-2010, 05:08 PM

I thought it was the finance company needed to sight a cover note
before they would hand over the funds/cheque.

SyncSubaru · #33 19-09-2010, 05:14 PM

Yep - Im going shopping around with my dad on tuesday to check out some of the WRX's for sale - Ive already tee'd up my Insurance now as its gotta be solid as a rock before I can take the car. Cant take any chances!

JDM_STYLE · #34 19-09-2010, 05:17 PM

Quote:

Originally Posted by Rossco

Please don't EVER drive near me on a cruise.

This should be compulsory if you come along on a PWRX cruise
because no one should be put at risk like that by some uninsured
member driving amongst us on our favourite roads!!!!

Strubaru · #35 19-09-2010, 05:20 PM

Quote:

Originally Posted by JDM_STYLE

I thought it was the finance company needed to sight a cover note
before they would hand over the funds/cheque.

na, they will need the certificate of currency of the insurance policy, all done & fully paid up

JDM_STYLE · #36 19-09-2010, 05:29 PM

Must have changed in the last few years then as that's what I've
used previously and it was all good.

SyncSubaru · #37 19-09-2010, 05:33 PM

I think after the hail damage fiasco alot of insurance companies made many number of changes... (ohnoes profits!!)

Bob · #38 19-09-2010, 05:42 PM

You will find it's been the case for years now. As long as I can remember.
It's all about covering their risk.

BeeFor · #39 19-09-2010, 05:55 PM

Quote:

Originally Posted by Bgwrx

when you get your p's you shouldnt have a fast car its too expensive plus you get singled out by the cops every time, best thing i did was buy a 94 toyota camry, because of this i havnt had any crashes because the car was slow. best thing is after 3-4 years with sgio i now have a 55% no claim bonus built up which means as a 21 year old when i bought a wrx 3 months ago my insurance is only $1400/year for the wrx.

I was planning on getting a cheap shit box before the hail damage decided to ruin thousands of nice cars which ended up being sold for very cheap

so my first thoughts were
step 1 : buy a nice car with only exterior damage
step 2: fix it up
step 3: ...
step 4: Profit!

mARC · #40 19-09-2010, 06:23 PM

Quote:

Originally Posted by Strubaru

na, they will need the certificate of currency of the insurance policy, all done & fully paid up

This was the case when I get finance.

Thing is its more of a check list item then anything else as the lady said they just need to sight it and ensure its validity at that point in time.

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