Impecuniosity Explained
Impecuniosity is the question of whether you could reasonably have afforded to hire a replacement vehicle yourself. It can affect which hire rate is treated as reasonable. This page is general information only — this site does not assess your finances and never collects financial documents.
§ 01What does impecuniosity mean in credit hire?
Impecuniosity is a formal-sounding word for a simple question: could you reasonably have afforded to hire a replacement vehicle yourself, rather than relying on credit hire? It can be relevant to which hire rate is treated as reasonable when charges are considered.
It is not a judgement about you. It is one of the factors that can come up when the reasonableness of a hire is looked at. See also how much credit hire costs.
§ 02What evidence is this question about?
Where the question arises, the kind of evidence usually discussed includes documents that show your financial position at the time, such as bank statements or wage slips. This is described here only so you understand what the term refers to.
Important: this website is general information only. It does not assess your finances, and it does not collect or store financial documents. If you are ever asked for financial evidence, only share it through a secure, trusted channel that you are satisfied with.
Common questions
Do I have to prove I am short of money?
Not to this site. Impecuniosity is a question that can arise when the reasonableness of a hire rate is considered; any evidence is a matter for the relevant parties, not for us.
Does this site collect my bank statements?
No. This site is information and referral only and never collects financial documents.
Is impecuniosity a bad thing?
No. It is simply a factor that can affect which hire rate is treated as reasonable.
Work out where you stand
This site is a reference library, not an enquiry desk — no telephone number, email address or form here is live yet. You can contact your own insurer or the at-fault insurer directly, free of charge, at any time.