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Cars and Transportation
Reply to "Lend a car to a friend?"
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[quote=Anonymous]My wife has a congenital eye disorder that has affected her off and on throughout her adult life. At one point between procedures, she was legally blind. We had a friend who had hit some hard times when her oldest was in high school. They were having logistics problems, so we offered my wife's car to them to use for 2 years. The teenage son drove Mom or Dad's car and Mom or Dad (our friends) would drive our car. Our arrangement was that the son would never be driving our car. We gave them a notarized letter that we both signed that said that Mom and Dad were authorized to drive our vehicle with VIN #nnn. They were able to add our car to their insurance with our letter authorizing their use. I believe I was sent a form that I had to complete, sign, get notarized and return and that was it. Fortunately, since the car was a small older car, it didn't cost them very much to add it to the insurance. After my wife had a surgery that restored a signficant portion of her vision, she could drive again and we coordinated with them to get the car returned. Fortunately, at that point, the son was graduating and they were passed the worst of the financial problems, so everything worked out well timing wise. I agree that you should work out maintenance. We had a gentleman's agreement about maintenance. The other family handled basics like oil change. We didn't have any big maintenance, but I probably would have footed most of the bill had it happened because we were stable financially and obviously from the circumstances, they were not. Fortunately, nothing major came up. [/quote]
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