Having chosen a new car, what should you do with your old one? Several solutions are available to you:
- You’ve chosen a new car at a dealership during the car festival? Make sure the you have the required information because garages often make trade-in offers on your old car, and this is a quick and easy solution. The garage usually takes care of all the administrative formalities. The price of the trade-in will be deducted from the purchase price of your new vehicle. All you have to do is drop off your old car when you collect your new one.
- Do you want to sell your used car to a private individual? In this case, you will need to estimate the price of the vehicle, publish an advertisement, arrange inspections and complete the formalities for the sale. Learn all you need to know about selling your used car in our article.
To insure your car, only third-party liability is mandatory but this only covers damage to third parties. In order to cover damage to your own vehicle or injuries to the driver and passengers, you must take out a car insurance.
If you are buying a car from a dealer: he will take care of most of the paperwork for you, including registration and insurance.
In practice, at the time of purchase, the dealer will ask you for the name of your insurer and will send a request directly to the insurer for a 'green card' or certificate of insurance, so that you can drive the vehicle as soon as it is ready to leave the garage.
When you get your new car, you should therefore contact your broker in order to:
- Cancel your old policy.
- Finalise your new policy. The certificate you received from your dealer when you collected the vehicle is temporary and you have 30 days to finalise the policy. Remember to review your policy and check that all the cover is appropriate to your needs and to your new vehicle:
- Since this is a new car, do you need comprehensive insurance?
- Have you included cover such as driver protection.
- Do you want to take out total loss cover which insures your vehicle, valued at the purchase price, for 36 months?
If you are selling or buying a vehicle between individuals: you will need to complete all the vehicle registration paperwork with the SNCA yourself. You will also need to contact your insurance broker to ensure that the vehicle is insured and to obtain a certificate of insurance. This will be indispensable when you deal with the SNCA.
It is therefore easier to meet your broker and discuss your requirements when arranging an insurance policy which best reflects your new vehicle and your needs.
Simulation online of my car insurance