Next steps following VT - tax and insurance?

[cargilla45]

I have in the last few days, organised new car finance. As my car is not worth part-ex I have decided to VT. I have used this very useful site for advice and a letter template, which I intend to send to BH recorded delivery today. My new car will be delivered in a few days. I will need to organise insurance for my new car. Given that I will still technically have possesion of the old one, how long should I keep the old one insured for? I have seen some advice saying 14 days? But also would prefer to not have to insure both.
The car tax for the old care is due on April 1st - if the finance company have done nothing by then, will I have to tax again? I have been reading about finance companies taking a long time to complete VT process. I would like to keep myself right. Thank you.:-)

[ostell]

If you send the VT in then the contact is ended when they receive that letter. No contract then why would you be paying.

Insurance is another matter as you will be liable for any damage.

Why pay tax when there is no need? As long as the car is not on a public road then SORN it.

[cargilla45]

Thank you. I will cancel my DD. And I assume if I am liable, I will be able to change the insurance to 3d party fire and theft as I wont be driving it. I am not sure if I can SORN it, as it would be parked outside my house and I do not have a driveway. Then if they do not get back to me within the 14 days, can I cancel both?

[ostell]

But changing to tpf&t means you are it risk if someone damages it.