What are the impacts if the car is not registered under your name?

[VonLane]

If the car is registered under someone else's name, all related procedures must be handled by that person. For example, the vehicle and vessel tax, insurance, and inspection require the registered owner to present valid identification. The main potential impacts are as follows: Annual Inspection: If the vehicle is not registered under the user's name, the owner must personally handle the annual inspection or provide a proxy authorization letter. Accident Handling: Similar to the annual inspection, the owner's ID is required for processing vehicle accidents. Insurance: Car insurance is renewed annually and must be purchased under the owner's name, with renewals also requiring the owner's involvement.

[GarrettFitz]

Having a car registered under someone else's name indeed brings many problems. Legally, if the car is under another person's name, handling accidents becomes troublesome—the police will directly contact the registered owner, not you, potentially requiring multiple rounds of coordination to resolve. If the vehicle commits a traffic violation, the owner must personally handle point deductions or fines, wasting time and straining relationships. In daily use, insurance claims also become problematic—since you're not the owner, the reimbursement process becomes more complicated, often delaying repairs. Financially, insurance premiums are based on the owner's record, not yours, which may lead to higher rates. In the long run, selling or buying the car involves more cumbersome procedures, and buyers may question ownership, driving down the price. It's advisable to sign an agreement when borrowing a car between friends to ensure transparency.

[MacSarah]

From an economic perspective, the impact is significant. Insurance premiums are determined by the driver's history and credit score, not yours, which may result in higher payments. During vehicle transactions, buyers often negotiate lower prices due to unclear ownership, putting you at a disadvantage. If maintenance or repair issues arise, settlement requires authorization from the registered owner, leading to lengthy procedures. The vehicle's depreciation rate is also affected, as cars not registered under your name tend to lose value faster in the market. In case of an accident, liability disputes can burden daily expenses, such as lost wages and legal consultation fees. It is advisable to communicate with the owner and coordinate the transfer of ownership to save both time and money.

[Omar]

There are significant issues with insurance. If the vehicle owner is not yourself, in the event of an accident, you need the owner's cooperation for claims, which results in a slow and inefficient process. Handling traffic violations is equally sluggish, affecting daily driving. These overlapping risks add to your worries when using the car. It is advisable to check the owner's information and prepare relevant documents before driving.