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Cars and Transportation
Reply to "Lend a car to a friend?"
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[quote=Anonymous]If this was my friend and I truly didn’t need an old car or the proceeds from selling the car, I would just give it to her. We have done this with two of our cars to people we care about in need, as is with no strings attached. They can use or sell the car as they wish. We complete the title transfer paperwork and cancel our insurance at the same time. That way, you have no more liability for the car and it doesn’t harm the friendship if there is a problem with the car later since it was a gift. Owning a car takes money—money for gas, insurance, registration, maintenance and repairs. The two people we gave our cars to could afford these costs and it was a huge help to them not to have to buy a car in good condition. [/quote]
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