Can a Car Be Loaned to Others?
2 Answers
Lending out a vehicle does carry certain risks, but it's not absolutely forbidden—the key lies in the reliability of the borrower. Below are specific details regarding the responsibilities a car owner assumes when loaning their vehicle: 1. Scope of Compensation Required: According to the 'Tort Liability Law,' in the event of an accident involving the loaned vehicle, the insurance company will cover compensation within the policy's coverage limits. Any shortfall must be compensated by the actual user of the vehicle. The owner is only liable for compensation if they are found to be at fault. 2. Specific Details: This generally refers to situations where the loaned vehicle has safety or technical defects, or when the owner fails to verify whether the borrower meets the necessary requirements for operating a motor vehicle at the time of lending.
I usually don't lend my car to others because it poses significant safety risks. Last time I lent my car to my cousin, he was speeding on the highway and nearly caused an accident. Thankfully, nothing happened, but it gave me a scare. If an accident occurs while the car is borrowed, the insurance company might refuse to pay, especially if the borrower isn't listed on the policy. The car owner is legally responsible for any major liabilities, including compensation and disputes. Additionally, everyone has different driving habits, and unfamiliarity with the car's handling can easily lead to rear-end collisions or other issues. For the safety of both myself and others, I now politely decline such requests and would rather suggest they take public transport or a taxi.
