leased vehicle insurance

Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay. The key difference in a lease is that after the primary term (usually 2, 3 or 4 years) the vehicle has to either be returned to the leasing company or purchased for the residual value.

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  1. asti1488

    Insurance

    Hi just a question before my mgs5 arrives regarding insurance. I am leasing the car but want to insure it in my wife's name and me as a named driver. She has max no claims bonus in her name and as I had a company van until I retired my no claims expired. So can I lease in my name and insure in...
    • asti1488
    • Thread
    • car insurance leased vehicle insurance mgs5 named driver no claims bonus vehicle leasing
    • Replies: 2
    • Forum: MG MGS5 EV Forum
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