Dec.h12
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Right I’m looking to sell my car but struggling at the moment, my insurance is due to end 12th of March and my final payment for that is 12 of February. What I want to know is if I pay my final payment and then sell my car will I still get my no claims bonus? My next car is already lined up but I don’t want to pay for the next MOT and TAX because it ends before my insurance.
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IWMTom
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(Original post by Dec.h12)
Right I’m looking to sell my car but struggling at the moment, my insurance is due to end 12th of March and my final payment for that is 12 of February. What I want to know is if I pay my final payment and then sell my car will I still get my no claims bonus? My next car is already lined up but I don’t want to pay for the next MOT and TAX because it ends before my insurance.
Wait until the end of your policy to sell the car.
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Dec.h12
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Yeah thought as such haha cheers
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adam271
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Also Jan/Feb is really not a great time to sell a car.
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Dec.h12
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I didn’t know that
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StriderHort
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(Original post by Dec.h12)
I didn’t know that
Yeah it's not ideal. Cold, miserable, not a lot of daylight to actually go looking in. Most folk did their big ticket shopping in Nov/Dec and are a bit cautious Jan/Feb, if they're shopping they're prob bargain hunting.
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IWMTom
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(Original post by StriderHort)
Yeah it's not ideal. Cold, miserable, not a lot of daylight to actually go looking in. Most folk did their big ticket shopping in Nov/Dec and are a bit cautious Jan/Feb, if they're shopping they're prob bargain hunting.
It's also because the used car market gets flooded just before the new plates come out.
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squeakysquirrel
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(Original post by Dec.h12)
Right I’m looking to sell my car but struggling at the moment, my insurance is due to end 12th of March and my final payment for that is 12 of February. What I want to know is if I pay my final payment and then sell my car will I still get my no claims bonus? My next car is already lined up but I don’t want to pay for the next MOT and TAX because it ends before my insurance.
Also you get your tax refunded. It is actually very quick. And selling a car with new mot is better.
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StriderHort
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(Original post by IWMTom)
It's also because the used car market gets flooded just before the new plates come out.
(Original post by squeakysquirrel)
Also you get your tax refunded. It is actually very quick. And selling a car with new mot is better.
Also true, the tax refunds are simple enough, and as much as an MOT is £50 + any work for you, NOT having one knocks hundreds if not thousands off the value to me as a buyer. If the market is glutted like Tom says then no/low MOT cars kind of slump to the bottom.
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