Hammerhammer 1st Gear February 7, 2010 Share February 7, 2010 Suziki Jimny 3 years old condition like new cos it's family 2nd car so seldom drive. Looking for monthly $850. Interested pls contact me via PM I ask him to contact you. ↡ Advertisement Link to post Share on other sites More sharing options...
Leepee 1st Gear February 7, 2010 Share February 7, 2010 Your friend is a rich and brave person, to loan out a car under his name for the sake of $850. Respect for his bravery! I would never do that, I rather lay-off the car or sell it away. Link to post Share on other sites More sharing options...
Picanto 3rd Gear February 7, 2010 Share February 7, 2010 Your friend is a rich and brave person, to loan out a car under his name for the sake of $850. Respect for his bravery! I would never do that, I rather lay-off the car or sell it away. do you own a car in the 1st place? Link to post Share on other sites More sharing options...
Angmokio Neutral Newbie February 7, 2010 Share February 7, 2010 Suziki Jimny 3 years old condition like new cos it's family 2nd car so seldom drive. Looking for monthly $850. Interested pls contact me via PM I ask him to contact you. better rent to very close relatives or very close friends. Warn: may become enemy if things goes really wrong. rent to stranger and it may be your friend's worst nightmare, because: insurance not covered for rental, hence illegal. touch wood if accident, the person who rent it can just iterally run away. traffic & parking offences your friend must take responsibility, if the person don't admit them. Link to post Share on other sites More sharing options...
Leepee 1st Gear February 7, 2010 Share February 7, 2010 I am not the one renting out. Does not matter I own a car or not. If you really want to know. Yes I do. Maybe you want to see it to rest your doubt? do you own a car in the 1st place? Link to post Share on other sites More sharing options...
Ivan96935sg Neutral Newbie February 7, 2010 Share February 7, 2010 I think we're not allow to rent a private usage car cos insurance dun cover for hiring. Link to post Share on other sites More sharing options...
Hammerhammer 1st Gear February 8, 2010 Author Share February 8, 2010 I think we're not allow to rent a private usage car cos insurance dun cover for hiring. If says borrow to a friend and friend help to pay for maintenance like installment, road tax, ok right? How do the insurance know whether the driver is hiring the vehicle or borrowing? Like my own vehicle is also under my father-in-law insurance cos of cheaper premium as he is older then me and have full NCD. So I langar also no insurance pay? Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged February 8, 2010 Share February 8, 2010 I think we're not allow to rent a private usage car cos insurance dun cover for hiring. it's possible to rent out private cars, but on 2 conditions: 1. Renting period is on weekends and public holidays only 2. Insurance must be revised cover rental drivers Link to post Share on other sites More sharing options...
Hammerhammer 1st Gear February 8, 2010 Author Share February 8, 2010 Your friend is a rich and brave person, to loan out a car under his name for the sake of $850. Respect for his bravery! I would never do that, I rather lay-off the car or sell it away. He is not rich that's why he no money to sell off cos need to top up finance 10K and lay off still need pay installment. Brave or not I wouldn't know. Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged February 8, 2010 Share February 8, 2010 (edited) If says borrow to a friend and friend help to pay for maintenance like installment, road tax, ok right? How do the insurance know whether the driver is hiring the vehicle or borrowing? Like my own vehicle is also under my father-in-law insurance cos of cheaper premium as he is older then me and have full NCD. So I langar also no insurance pay? If you are authorised by the policy holder to drive, then it's ok. But the insurance reserve the rights not to pay if they find out the authorised driver is driving under unlawful rental agreement. Edited February 8, 2010 by Beehive3783 Link to post Share on other sites More sharing options...
Hammerhammer 1st Gear February 8, 2010 Author Share February 8, 2010 If you are authorised by the policy holder to drive, then it's ok. But the insurance reserve the rights not to pay if they find out the authorised driver is driving under unlawful rental agreement. IC so guess my case is safe cos father-in-law is related but friend's case 50/50 I guess. Link to post Share on other sites More sharing options...
Vextan 1st Gear February 8, 2010 Share February 8, 2010 better rent to very close relatives or very close friends. Warn: may become enemy if things goes really wrong. rent to stranger and it may be your friend's worst nightmare, because: insurance not covered for rental, hence illegal. touch wood if accident, the person who rent it can just iterally run away. traffic & parking offences your friend must take responsibility, if the person don't admit them. agree. personally i find it very risky. Link to post Share on other sites More sharing options...
Robo 2nd Gear February 8, 2010 Share February 8, 2010 He is not rich that's why he no money to sell off cos need to top up finance 10K and lay off still need pay installment. Brave or not I wouldn't know. no $$$ why buy car in the first place Link to post Share on other sites More sharing options...
Hammerhammer 1st Gear February 8, 2010 Author Share February 8, 2010 no $$$ why buy car in the first place This is family second car. Cos father is of ill health recently and that take a toll on the family business so now they are in a bit of financially difficulties. Although they are still able to upkeep the car but they want to lighten the burden. Link to post Share on other sites More sharing options...
Krakatau Neutral Newbie February 27, 2010 Share February 27, 2010 This is family second car. Cos father is of ill health recently and that take a toll on the family business so now they are in a bit of financially difficulties. Although they are still able to upkeep the car but they want to lighten the burden. Please contact me if you are still renting your your car. The car i am driving is returning back to owner soon. Link to post Share on other sites More sharing options...
Ghostrider 3rd Gear February 27, 2010 Share February 27, 2010 A friend rented his car out last time cos he could not sell it (price too low & no taker)....so he rented it out. Collected 6 months rental with 2 months deposit....the guy who rented his car suddenly "disappeared" and he had a hard time looking for him !! In the end....turn out that the guy who rented his vehicle was posted outstation for a year....he steady and pay back my friend for the period that he MIA... Cannot imagine if it turns out otherwise.... Another one I know end up in a big mess... He rent the car from a friend who was in financial problem....end up the car kenna repo....friendship turn sour...names were called and accusation thrown front and back...so many years liao both still not on talking terms. So your friend better dun take any tom dick and harry to rent his car too....even close friend also kenna sabo. Link to post Share on other sites More sharing options...
Deividz 5th Gear February 27, 2010 Share February 27, 2010 A friend rented out his car to a director. Turns out the "director" used the car to smuggle cigs. Fortunately for my friend, he got the car back. Unfortunately, his car and bike license got kantong for 1 year. IMHO, dont take the risk. My friend also tried to check out the background of the "director" but his PI skills not good enough or maybe he just suay. Link to post Share on other sites More sharing options...
Kengohth Neutral Newbie February 27, 2010 Share February 27, 2010 seems a like small win-potential big loss deal. small win=the rental fee big loss= the car goes missing or involved in some legal stuff. ↡ Advertisement Link to post Share on other sites More sharing options...
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