"pip bip - choose Corrour" (hhgttg69)
10/26/2018 at 18:38 • Filed to: europe, court, insurance
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"pip bip - choose Corrour" (hhgttg69)
10/26/2018 at 18:38 • Filed to: europe, court, insurance | 0
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Spanfeller is a twat
> pip bip - choose Corrour
10/26/2018 at 18:46 |
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I say its simple
Investments in a bank are more easily scrutunized than investments in cars
atfsgeoff
> pip bip - choose Corrour
10/26/2018 at 18:50 |
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Not as insane as the headline makes it seem, unless I’m missing something about European vehicle registration. This ruling only applies to vehicles which are registered with plates. Take the plates off and “deregister” the car, and it’s fine.
Here in PA, if I take a currently-registered vehicle off my insurance policy, the insurance company
is mandated to notify PennDOT. PennDOT will then send me a letter demanding the license plate back unless I can prove that I have obtained other insurance for the car.
If I let the registration expire, or transfer the plate to another vehicle, I don’t need insurance on the car because then it’s legally a paperweight.
jasmits
> atfsgeoff
10/26/2018 at 19:02 |
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Yeah but Pennsylvania has very fun-quelching laws about lots of stuff.
In Oregon when I was going to school in PA I’d turn the insurance on a car I kept in Oregon on and off all the time, just a quick call to the insurance company and accepting you’re on the hook if a tree should fall on it or whatever and obviously very much violating the law if you drive it.
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jasmits
> Spanfeller is a twat
10/26/2018 at 19:04 |
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“I nvestments” in cars this side of specail-edition Ferraris and the like are not investments, they are excuses for buying toys .
Cé hé sin
> atfsgeoff
10/26/2018 at 19:05 |
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Vehicle registration policy
varies fr
om country to country and often there isn’t a concept of deregistering a car or transferring the number to another
- it’s given plates when new and it doesn’t lose its registration un
less scrapped. How this is going to tie in with the court’s findings I don’t know.
kanadanmajava1
> atfsgeoff
10/26/2018 at 19:11 |
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Here in Finland it’s currently very easy to take a vehicle “out of use ”. We just sign in to a service operated by the Finnish Vehicle Administration. Taking a vehicle out of use will cut the mandatory road insurance costs and also the yearly taxes. I’ll have to pay these only for the time when the y are in use. There’s a service fee of couple of Euros but it’s profitable to remove a veh icle from use if you don’t need for ~4 days.
This is very convenient for me as I don’t need my cars daily. I hope we can re ta in this system...
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Spanfeller is a twat
> jasmits
10/26/2018 at 19:13 |
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I guess that in some cases it's true... but I'd totally understand if some super rich person bought classic cars and hid them in their house as an investment instead of resorting to Swiss banks. If you're forced to insure them, a record of the cost is made available to the government, it also makes investing in cars a lot less attractive given the added costs.
Akio Ohtori - RIP Oppo
> pip bip - choose Corrour
10/26/2018 at 20:06 |
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To me it sounds worse than it is? I guess it depends on what “ officially withdrawn from use” means. If that is something easily done and reversible, that is OK?
In Oklahoma I think you’re required to have insurance on a vehicle as long as the registration is valid. If you want to keep a car registered, but not insure it, you have to “black tag” it, which is just a black registration tag that says the vehicle is not registered for on-road use. Costs like $14? Then again I think we have a requirement that all vehicles be registered, even inop ones. (This sounds insane, but trust me it is for the best.... Long, horrible story there.)
gmporschenut also a fan of hondas
> pip bip - choose Corrour
10/26/2018 at 22:15 |
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seems like a lot of misguided pearl clutching. Fire and theft is super really cheap. “ has now made it more difficult for museums,” if a museum doesn’t have insurance, then they are insane.
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jasmits
> Spanfeller is a twat
10/26/2018 at 23:32 |
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It’s already not attractive, if you’re raking in so much money to be buying cars as investments for tax-evasiony reasons the return on anything common enough to make it a widespread practice won’t be a good investment . Besides stuff you know will appreciate steeply like rare Ferraris and stuff it’s not a good enough investment for people savvy enough to be evading taxes to be interested in to make. Tons of risk and low return(relatively). A $12-million dollar classic Ferrari will appreciate to say $24 million best-case but these people play with bigger numbers and much bigger potential returns. It’s such a nice market this isn’t why they’re doing it. The garage full of expensive and never driven cars 4 times out of 5 is a collection, not an investment(even if a collector is trying to buy cars that appreciate). This is to cut down on uninsured drivers and as a side effect hurts collectors.
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Spanfeller is a twat
> Cé hé sin
10/27/2018 at 11:55 |
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At least in Spain, de-registerimg a car is very easy.