Is it a bad idea to loan a car to a friend for the winter?

Post date: 2018-09-21 03:04:55

My friend is living in Brooklyn and has a car she doesn't really use or need; my roommate (who is also her friend) needs a car for the winter. Roommate and I are in Pennsylvania. What could go wrong?

My Brooklyn friend will be here in PA about one weekend a month, and her car will definitely be safer/less of a hassle for her here, in addition to being super-useful to my roommate, who would pay my friend something like $50 a month to use it.

Is this a bad idea? Have you done something like this before? Will the insurance company be okay with it, especially considering the car and its owner will be in different states? What liability/personal consequences could arise?

I have a vested interest in this because last winter, my roommate and I shared my car (she paid me $50 a month + we split fuel/maintenance costs). It was okay but not ideal... there were definitely times I wanted/needed my car and didn't have it. Our city has notoriously terrible public transportation and roommate needs a reliable way to get to work.

In many ways this seems like a great solution, but my friend wants to make sure her bases are covered before she offers this potential solution to my roommate.

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