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Can I SORN a car AND keep it taxed?
I've bought a car and want to sell my current car. The new car will arrive before the old one is gone. If I understand correctly, the new insurance law means I must keep the old car insured or SORN it until I sell it. The old car's value is so low that insuring it to sit on my driveway is a waste of money. When I transfer my insurance to the new car, can I SORN the old car to avoid insuring it, but then sell it with the remaining road tax to a new owner?
Obviously I would not use or keep the car on the road, or claim a refund on the remaining tax, I just want to make it easier to sell on and not get stung by this new rule.
Asked on 19 May 2011 by rtr
Answered by
Lucy
If you expect it to take a long time to sell the best way to deal with it would be to SORN it and reclaim the tax as the remaining tax will only add marginally to the sale value.
However you don't need to SORN if you are keeping the vehicle off the road uninsured for less than 14 days (and in reality probably longer) so it really depends how long you expect to take to sell your car and price it accordingly.
However you don't need to SORN if you are keeping the vehicle off the road uninsured for less than 14 days (and in reality probably longer) so it really depends how long you expect to take to sell your car and price it accordingly.
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