Self Drive DeLorean

[Darren C]

Hi Guy's

I can help a little on the insurance explaination as I run a wedding hire business.

As soon as you take cash for a ride in your car, it's seen as "Hire and Reward"

Some local authorities (councils) require a Hackney plate or "Taxi" registration to operate Hire and Reward in their area. You can get around this by having a 7 day booking period. Basically a punter needs to book your car 7 days in advance of the hire. (This protects the interests of the Hackney plate holders) A Hackney plate costs around £30 GRAND. yes you heard right. There are a finite number issued by local councils and no more. You have to buy one from an existing holder. (Stops everyone becoming a taxi driver/prevents un licensed cabs)

Wedding Hire is viewed differently than hire and reward (proms. anniversaries airports etc) It's far easier to get wedding hire than plain hire and reward from an insurance company. You also need a third party liability insurance incase they bump their head getting in your car and decide to sue you. You also need personal/business insurance incase they sue you if you get a puncture and your late etc etc.

You CAN get insurance for self drive hire on a Delorean, but it's not cheap. (I looked into it last year) You'll need to ask the punter for around £500 per day to cover the insurance (providing they have a clean license), plus as Arran says you'll need to decide on a heafty deposit in case they trash your car. then you'll want to make some profit for yourself. It means realistically a £1000-2000 deposit, then £750 a day to hire your car. Youll make around £250 a pop if they don't damage anything. Then of course you'll need to take into consideration servicing, tyre wear, mileage, full refunds if they breakdown etc etc... They may also offer a fake ID. it's your responsibility to check with DVLA or the insurance/hire contract is void.

Believe me it ain't worth it! (unless your running a fleet of high performace hires already)

The best advice I can give is just do the odd job as a Favour, or use the lett system (Ride in car to prom for garage owners son in exchange for a free MOT for example)

Best Regards
D

[Guinney1971]

fantastic advice there Darran!!!!!

All of Phill and I's 10 cars (plus any extras that we buy/have in our possession) are covered on a Classic & Trade Policy with AON, which includes full business use, motor trade use (as we buy and sell a few), trailering cars to the scrapyard, wedding hire and public liability insurance, etc. It was quite good value too, and as both our De's were previously insured with AON it was a doddle to set up.

This of course means that we are also fully insured for the work we've being doing with Neon Neon recently at photoshoots and public events.

I think going back to Matt's original enquiry, even if there was someone able to rent out their car on a SDH basis, I think it would be prohibitively expensive for the hirer and the owner of the vehicle to cover this job. I think the only was this job could be done realistically is if Matt is chauffered to his wedding - Matt, if you are wanting SDH so that you and your Best Man can arrive in 'stainless style', then we might be able to help out, as we've got 2 DeLoreans - mine is going back on the road in early September!!!

[steve.s]

i think this is getting to the serious hire business.

but a 'gentlemans agreement' unofficialy between two parties with a 'financial gift'
is really what it is. only owners club people not 'general' public.

i too have looked at limo's for wedding/hen night hire and have trade insurance.it is pretty straight forward, and in fact not much legislation to sort. just register with the council as a person then each car.
councils are trying to crack down more, but there a still 'unofficial hire limos' operating, and pretty much get away with it.

after all, who is going to inspect at 1 in the morning.

i was going to do it above board, inspections every 3 months etc. just can't find any where near to park the limo!!! and have tried caravan specialist parking etc.

[Darren C]

steve.s Wrote:i think this is getting to the serious hire business.

but a 'gentlemans agreement' unofficialy between two parties with a 'financial gift'
is really what it is. only owners club people not 'general' public.

i too have looked at limo's for wedding/hen night hire and have trade insurance.it is pretty straight forward, and in fact not much legislation to sort. just register with the council as a person then each car.
councils are trying to crack down more, but there a still 'unofficial hire limos' operating, and pretty much get away with it.

after all, who is going to inspect at 1 in the morning.

i was going to do it above board, inspections every 3 months etc. just can't find any where near to park the limo!!! and have tried caravan specialist parking etc.

Unfortunately Insurance companies look at every get out clause going, for not paying a claim. "Gentlemans agreements and Financial gifts" just don't wash.
I heard of a guy who car shared each day to and from work. When he had a knock the insurance wouldn't pay out as the passenger had paid him a fiver for fuel! "Hire and Reward."

As I said earlier it aint worth it.

What you do however is entirely up to the individual :wink:

Best Regards
D

[Dan6457]

Why did he tell the insurance his passenger paid? I know somone who had an accident going to work, then found out they werent covered for commuting so told the insurance he was going shopping :lol: