5 Reasons Why You SHOULD NOT Lend a Friend Your Car
What should you do if a friend asks to borrow your car? It’s hard to say no sometimes, especially if that person needs to attend an important meeting or he is the man you’ve grown up with since your childhood. However, lend a friend your car may lead to something risky.
5 Reasons You Should Not Lend a Friend Your Car
Sometimes, you have to learn to say ‘no’ because no matter how innocuous it sounds, such as just a trip to a grocery store or a ride to his dentist, it may land you in deep water. Check out some reasons why you should never lend your car to someone.
When you lend a friend your car, you also give them the insurance that goes with it. The financial risk can be severe if that person leads the vehicle to an accident. The company is unlikely to respond to a claim in that case, and it will affect the insurance premium and drive it up despite the mishap not being your fault. So, you’ll be the only one to be responsible for damages and financial liabilities sustained in that casualty.
Your Driving Reputation
When someone borrows your car, she/he takes your good driving record on loan too. A parking ticket, fender-bender, or a big collision can taint your squeaky clean driving status. Breaking speeding limit won’t go on your record. However, be prepared for the penalty if your friend enrolls your vehicle into a street racing.
The Liability of the Owner
If there’s an accident involving your vehicle, you will be held responsible have you had given the driver your consent to drive it. So what happens when you lend a friend your car to grab beers from the store, and he runs over someone on the way? Unless your vehicle has been stolen or robbed of, you will be held liable as the absent owner!
The Legal Hassle
It might be an extreme case but bad luck can happen. You can land yourself in jail for a crime you have not committed! How do you prove you are not a complicit to a crime that your friends have committed while driving your vehicle? Be ready to face the legal actions if your car is found at a crime scene.
The Risk of Losing the Car
You certainly should never lend your car to someone if it’s an expensive Porsche 911 or a prized possession like a classic Jaguar. Your friend might not be a good driver and he possibly doesn’t have any experience of driving such a sophisticated car. Sometimes, he just does not care how passionate you are about your automobiles.
Well, the discussion above does not mean that you should never lend a friend your car in any situation. You just have to be careful and think about the possible repercussions before making a decision.