Should I lend my car out?

helencal80

Currently my car is sitting on my mums driveway, it isn't taxed, mot'd or insured as I can't afford to run it at the moment. It has a sorn notice on it.

My ex would like to borrow the car, he will tax and mot it and get it insured in his name. He's been driving for years and is a good driver. Although he has only just passed his test.

Is it ever a good idea to lend out your car?

If I don't lend him it he won't be able to see our children as often and won't be able to get to work, not that he has a job at the moment.

He is unlikely to get a speeding or parking ticket and I know these will come straight to me if it happens. Apart from that is there anything else that can come back on me as owner of the vehicle if he is insured?

Thanks

DUTR

helencal80 wrote: »

Currently my car is sitting on my mums driveway, it isn't taxed, mot'd or insured as I can't afford to run it at the moment. It has a sorn notice on it.

My ex would like to borrow the car, he will tax and mot it and get it insured in his name. He's been driving for years and is a good driver. Although he has only just passed his test.

Is it ever a good idea to lend out your car?

If I don't lend him it he won't be able to see our children as often and won't be able to get to work, not that he has a job at the moment.

He is unlikely to get a speeding or parking ticket and I know these will come straight to me if it happens. Apart from that is there anything else that can come back on me as owner of the vehicle if he is insured?

Thanks

Come on! What is it you are really asking?
He's been driving for years but only just recently passed his test.
I get chastised on another board for not seeing my off spring, so it must be something important to do?
There has been enough debate about Benefits St of late.
Anyways only you can decide if you wish to loan out the vehicle, make sure it is all legally on the road.

arcon5

Driving for years, a good driver, but only just passed his test. Hmmm.

Other than that, personally I don't see the problem if your both amicable. Maybe make it a term that you are a named driver and see proof of insurance etc to make sure he doesn't get it impounded or something silly.
Also get some sort of agreement in writing in case it for some reason gets messy or you need to prove you own the car.
You'd also need to get something agreed in terms of maintenance.. If for example the clutch goes in a month who pays? What if he can't afford to repair it? Maybe take a deposit which would cover the cars recovery in case you repossess it.

Lots of things to agree really, but its doable. But remember it will be subjected to wear so don't expect a perfect vehicle back when the arrangement comes to an endz

Netwizard

Apart from the fact he won't be a good driver just after he has passed his test, ask yourself this (baring in mind he is an ex)

- Are you sure he will get it insured, and not just run around in it uninsured (but tell you its insured), because if you lend it to him, and he doesn't insure it, you are for the high jump too.

- Would he pay any speeding / parking fines if he were to get any (We all get caught at some point so he can't say he certainly won't get any)

There Is only a few people I would lend my car too, an ex wouldn't be one of them. He doesn't need it for work because he hasn't got a job, and if you didn't have a car for him to conveniently let him borrow, what would he do then to see his kids?

If he can afford to tax, insure and run the car, i'd be telling him to either get his own, or get a taxi / public transport, but as said above, only you can really decide whether to lend the car to him

fivetide

What happens if he crashes it and less the excess the insurance don't pay you out what you think its worth?


Not worth the risk. If he can afford car tax, MOT and insurance he can afford a pushbike, shanks pony and the bus until he gets a job and can buy his own.


This will go the same way as lending large sums of money to a 'mate'


Edit: Netwizard said more or less the same as me at the same time. Great minds etc.

helencal80

He has been driving for years, unfortunately most of this time he has been banned from driving, for driving with no licence, insurance, etc. I know this doesn't make him sound any better but he is a sensible driver and I don't think he will risk losing his licence after so long of not having one.

I think I am more reluctant as we don't have the best relationship as it is and although I would never say he would rip me off or 'steal' it, there's always that 'what if'... and I feel a bit like I am being guilt tripped into it.

Thanks for the advice everyone.

Netwizard

helencal80 wrote: »

He has been driving for years, unfortunately most of this time he has been banned from driving, for driving with no licence, insurance, etc. I know this doesn't make him sound any better but he is a sensible driver and I don't think he will risk losing his licence after so long of not having one.

I think I am more reluctant as we don't have the best relationship as it is and although I would never say he would rip me off or 'steal' it, there's always that 'what if'... and I feel a bit like I am being guilt tripped into it.

Thanks for the advice everyone.

Jesus holly Christ girl? seriously?

Say no. Just say No!!!!!!!!!!!!!! :eek:

DUTR

helencal80 wrote: »

He has been driving for years, unfortunately most of this time he has been banned from driving, for driving with no licence, insurance, etc. I know this doesn't make him sound any better but he is a sensible driver and I don't think he will risk losing his licence after so long of not having one.

I think I am more reluctant as we don't have the best relationship as it is and although I would never say he would rip me off or 'steal' it, there's always that 'what if'... and I feel a bit like I am being guilt tripped into it.

Thanks for the advice everyone.

Your taking the mickey now!

forgotmyname

Whats the car worth? He crashes it and the insurer under value it and he gives you £50. Because he had to have a silly high excess to get insurance?

As long as your willing to give the car away and get nothing back. Then carry on.

Ultrasonic

I read the thread title and thought the answer was 'no'. Having read the thread, it is NO!

On a practical level, if he has no job and the sort of driving history described how on earth could he afford the presumably astronomical insurance? If as is extremely likely the answer is that he can't then you run the very real risk of him driving your car without insurance and it then getting seized (and possibly crushed?) by the police.

Do you hope to be able to use the car again yourself in the near future? Does it have much value? I only ask as if it is worth much then it is losing value while being parked up and you might be better off selling it rather than leaving it unused for a long period of time.

whitewing

Why don't you sell it to him at a reasonable price, but don't let him have it until you actually have the cash. Then he can do what he likes.

No, I would not lend it to him on the basis of the info in your posts.