Car

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Car

Jessicamj
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by Jessicamj » Thu Feb 15, 2018 11:52 am
So im thinking of selling my car and getting a different one. The money will be a bank transfer, will this be classed as a windfall? Will i be able to buy a new car? Will i have to tell them if my insurance increases/decreases
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Foggy
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by Foggy » Thu Feb 15, 2018 12:15 pm
The car is probably an excluded asset and I doubt there would be a problem if you are getting like for like. The change in insurance, if significant will need to be disclosed. I would suggest a quick chat with your IP before you do anything so that they are aware and there are no nasty surprises later on.
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