Hi all
apols if 2nd appearance - posting issues..
Bought another car - now have 2. Old one will go (prob auction) but as is 4wd am pondering whether to hold onto it for a few months (unused on my property) til winter coming and hope for better price?
When I swap cars on insurance old 1 will be uninsured yet taxed - seems I cannot keep an unused uninsured car without declaring SORN and untaxing it?
Anyone got experience of the scenario and can profer any advice?
Cheers Jim K
am pondering whether to hold onto it for a few months (unused on my property) til winter coming and hope for better price?
cannot keep an unused uninsured car without declaring SORN and untaxing it?
You're going to have to SORN it if it's not insured. Easy to do online.
Are you sure? As long as it's on private property, why does it need to be insured? If it still has tax on it, so what?
You don't have to reclaim the tax but its easy to do. You need a form AFAIK from the post office unless there is a downloadable one on the site above, I have never looked for one so I don't know.
It doesn't. the rules are it has to be insured or be scrapped or be SORNed. If it isn't any of these the registered keeper will get a fine and another fine and another fine until the new rules are satisfied.
No reason why you can't if kept on private land - but most would surrender the tax to get some money back. After it runs out you will have to declare SORN anyway - unless you re-tax it which needs insurance etc.
Nope, sorry.
According to
Quote: You must make a SORN if one of the following applies:
if you don?t renew your vehicle tax and you are keeping the vehicle off the road if you are applying for a refund of vehicle tax and keeping the vehicle off the road if you buy an untaxed vehicle and do not tax it if the vehicle has no valid insurance in place if you are cancelling the insurance and keeping the vehicle off the road every 12 months if you continue to keep your vehicle off the road in advance if your vehicle is to be kept off the road in the UK when you are abroad
Nick
The law changed recently.
Yes, they can now enter private land to sieze untaxed and/or uninsured vehicles. :-/
At least a SORN is free for now.
Thanks to all so far - that seems to be how I was reading it.
MMMMM So is it worth SORNing & holding it til winter? or should I just "down it" now?
It has a distinctive no. plate - can you transfer onto retention & SORN at same time??
Local Auction will collect for a fee so no "need" to retax when ready to sell... or I know a local w transporter who may take it for me for some vouchers...
Has 11 months MOT & some 10yr old car issues - but nothing that will go sour from standing around for 2-3 months)
anyone?
Cheers Jim K
Jim K presented the following explanation :
Reclaim a refund of the remaining tax and then SORN it.
I think until it is scrapped it still owns the plate. SORNing doesn't free the number.
I think.
Andy
I'd sell it now. I can't see why holding onto it for a few months is likely to result in a higher price.
Yes, changes in regs this year mean that a car must be both taxed and insured or be SORN'd:
'Classics', for example, always make more at the start of the season than at the end, so winter would be a bad time to sell those. So it's quite possible this sort of thing applies to other specialised vehicles, like a
4X4.
It does. 4x4 prices bob up and down about 10% over a year, more so if the winter's been bad (prices rise more) or fuel prices are in the news (prices fall more).
OTOH waiting will mean that the car is a little older which may reduce its value.
If it crosses its registration date, yes.
Its the length of the MOT that is going to make a difference. If the OP is going to get a new MOT it will sell for about the same price, if he doesn't its value is going down.
When it goes it will have 6-8months MOT left, I have no doubt it will sell to a trader whenever it goes - whom I expect will have necess. arrangements in place to re-MOT it should a pending sale require it.
I don't fancy auction "now" as there'll be loads of 2nd hand motors about "in the system" in a week or 2 - so prices maybe pushed down temporarily?
I think I'll SORN it after speaking to auction house about wisdom of waiting til end Oct/Nov ?
I expect (yes cynically) they'll just say "nah get it in now" so they get "their" fees - not maximise my return...hence my musings on here..
Cheers Jim K
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