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Do not borrow someone else's car, unless of course you plan to owe that person for the rest of your life. + it opens you up to huge problems if you get into an
by vaksel 17y ago
Do not borrow someone else's car, unless of course you plan to owe that person for the rest of your life. + it opens you up to huge problems if you get into an accident.
Here is what you do, buy a reliable older car(something like a Honda Civic, Honda Accord, Acura Integra, Toyota Camry), Spend at most 4-5K. Drive that for the summer, then at the end of the summer you can sell it for the same amount.
Hell, if you spend the time to find a deal, you can probably even make money on the transaction when you sell it. Since you'll be buying a reliable, popular car, you'll have no problem making a quick sale at the end of the summer, when everyone is buying cars for the start of the school year.
- nazgulnarsil 17y agoum...why not just buy insurance on the car?
- RiderOfGiraffes 17y agoIn the UK you cannot legally insure someone else's car, you have to have them extend their insurance to cover you.
- jkent 17y agoThis is not true with my UK insurance - I self insure my mum's car through Elephant - and declare it as such.
- RiderOfGiraffes 17y agoIt may be that my information is out of date, but I am genuinely surprised. It was declared legally impossible when I tried to do it - some years ago admittedly - and that was confirmed by my lawyer colleague. Perhaps it's changed. I would think it a legal minefield. It's a moot point - the other contributions have given sufficiently convincing reasons for getting your own car rather than borrowing one.
- vaksel 17y agoI'm pretty sure that you can't insure a car that you don't own.
- nazgulnarsil 17y agoright, the guy extends the insurance to include another driver. you pay him the extra funds it costs.
- vaksel 17y agoThat'll work if the person has full coverage. If they only have liability, you'll still be screwed if you have an accident.
- huhtenberg 17y agoIn Canada if you drive someone else's car, it is automatically covered by your own insurance. Some conditions apply, but in its core is like this.
- brc 17y agoEven if you can insure the car, if you do destroy it in an accident, there may be a lifelong feeling of distrust towards you from the other person. This would depend on your relationship with the person, but nobody ever wins from an insurance payout. It's generally less than what you can replace the car for, it does damage to somebody's insurance rating, it's just not fun all round. Buy your own car and know that you don't owe anyone anything.
- benatkin 17y agoI can tell you know what you're talking about, since you included Honda Civic but left out Toyota Corolla. (The Corolla is a pretty good car, but it doesn't belong in this set.)
- randomwalker 17y agoI must have missed something, why does it not belong?
- RobGR 17y agoI second this. Someone mentioned the Toyota Corolla should not be included in the list, which I don't agree with (depending on the price and condition of the vehicle, of course). One option to look at it is a Chevy Prizm, which is a re-branded copy of the Corolla made in Fremont. They are usually cheaper used than the version with the Toyota emblem. Try to get one for under 5,000 dollars, with less than 100,000 miles, from 2002 or newer. My preference is for manual transmission, believing that they have lower maintance over the long term, but that might not be yours. Do not expect to sell the car at a profit at the end of the summer or any other time. The value will decline. Depending on the nature of the car and friend you are dealing with now, consider simply buying that car. If you like the car, and your friend is going to be gone a while, ask them if you can just buy that car from them, and they can get a new car when they get back.