Insurance questions before sales of vehicle

[Meepok87]

Hey to all bros here

 

a quick question, if say i want to sell my vehicle to dealers, and my insurance is expiring next mth.

 

Do i need to renew my insurance?

 

Or just quickly sell it to them to settle before it expire?

 

Thanks in advance!

[Alexxx]

You must have valid insurance as long as the car is in your name..meaning if your insurance expiry by 15th Nov..you can xfer/sell the car on 13th/14th Nov

 

Of coz dont be so close on the dateline

 

If you cant sell before your expiry..you have to buy new insurance but if you sell after that they will pro-rate and refund back to you.

[Camrytron]

You must have valid insurance as long as the car is in your name..meaning if your insurance expiry by 15th Nov..you can xfer/sell the car on 13th/14th Nov

 

Of coz dont be so close on the dateline

 

If you cant sell before your expiry..you have to buy new insurance but if you sell after that they will pro-rate and refund back to you.

Aviva refund me back quite fast(through credit card) but as for others company refund through cheque,than u will have a chance of waiting..

 

[Ronleo]

Hey to all bros here

 

a quick question, if say i want to sell my vehicle to dealers, and my insurance is expiring next mth.

 

Do i need to renew my insurance?

 

Or just quickly sell it to them to settle before it expire?

 

Thanks in advance!

 

Hi bro,

U will get a pro-rated refund of your unused insurance

Amount back.

 

Btw, wat car u thinking of selling? I thinking of changing car

But 2nd hand dealers pricing are crazy!!!

[Abluey]

Bro,

Sell before renew insurance.

Need to consider renewing the road tax also mah.

 

Hey to all bros here

 

a quick question, if say i want to sell my vehicle to dealers, and my insurance is expiring next mth.

 

Do i need to renew my insurance?

 

Or just quickly sell it to them to settle before it expire?

 

Thanks in advance!

 

[Steptronic]

Just my 0.02: You would lose about 5% in administration in addition to losing the premium for a month (I guess most of the companies pro-rate on monthly basis, not daily basis). What I mean to say is you would lose approximately (min) 13% of your total premium if you sell your car from first day on which the new insurance becomes effective.