What are the reasons for not lending out your car?
1 Answers
There are several reasons for not lending out your car: 1. Legal regulations: According to relevant laws, if the borrower causes an accident, although there is insurance coverage, it often proves insufficient, and the car owner still bears responsibility. If the borrower is unscrupulous and refuses to compensate, the car owner is left in a very unfortunate situation. 2. High accident risk: The rapid increase in vehicles has made road conditions more tense and congested, making scratches, collisions, and undercarriage damage common occurrences. 3. Borrowers may not take care of the car: Few people who borrow cars will treat them with care. Regardless of road conditions, they often drive at high speeds to get to their destination quickly or overload the car with passengers or cargo.