Unfortunately, we do find
this a disadvantage because the panel of insurers they use
are not cheap and this sometimes stops the deal - we had 2
such cases in the last fortnight where the customers were
going ahead on 3 month leases until they got the Insurance
price and changed their minds.

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I understand why the funder
has this panel as many insurers will not insure short term
lease cars so it ensures that the car is insured correctly
through their scheme.

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However, some Insurance
Companies will provide cover on a 12 month policy that has
to be cancelled when the car is returned but generally they
do prefer a 12 month lease and the client should tell the
Insurer that they are NOT the registered owner and keeper of
the vehicle.

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