Helping my friend to rent out his car.

[Majordan]

your friend's proposal is illegal. if want to get back some money why not sell the car?

 

if the car get into accident and the rentee flies away, your friend how?

[Yenyenpark]

rent out private car illegal? hmm.. I was thinking of renting out too.. I thought many did rent out their private car.. saw alot at singapore expat classified.

[Joseph22]

renting out private car is illegal/

[SGCMmaomao]

Dear Brothers and sisters..

 

please do not try to rent out or lease out your own vehicle.. Ur licence will be on risk. unless u got the special insurance. Avoid unnessary trouble... not worth it for tat sum of $$...

[Yenyenpark]

noted. think i jus forgot about the renting.. probably jus change to OPC if really under utilised.. hehe.. or jus sell away.. since can easily make some profit.. haha

[Josephycc]

very risky!

[Windchoco]

well, its illegal...

but then, i saw some ppl rent for years without being caught... wonder how they did it..

[Versatile]

cheapo leh, buy car but want to rent out.

[Amazon777]

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.

 

If he has bought the car brand new 3 yrs ago even on $0 downpayment/10yrs loan etc, and he faithfully paid instalment till now. His car would most properly had broke even now. My colleague Latio bought brand new at $52K 3.5 yrs ago, $0 downpayment/ 10yrs full loan/2.85%. Current outstanding loan is $39K. He managed to get rid of the car last week at breakeven price to a direct buyer due to change in priority/family commitment and go back to public transport. He would have gotten a better price last month if not for the COE drop.

 

If accident involved 3rd party injury/casualty, the insurer may absolve of it's liability, he will be in deep s--t. Not worth the $850. Think thrice. Suzuki Jimny may not be a sought after model, but no harm spend $38 to post in sgcarmart.

Edited May 4, 2010 by Amazon777

[Suv8]

If he has bought the car brand new 3 yrs ago even on $0 downpayment/10yrs loan etc, and he faithfully paid instalment till now. His car would most properly had broke even now. My colleague Latio bought brand new at $52K 3.5 yrs ago, $0 downpayment/ 10yrs full loan/2.85%. Current outstanding loan is $39K. He managed to get rid of the car last week at breakeven price to a direct buyer due to change in priority/family commitment and go back to public transport. He would have gotten a better price last month if not for the COE drop.

 

If accident involved 3rd party injury/casualty, the insurer may absolve of it's liability, he will be in deep s--t. Not worth the $850. Think thrice. Suzuki Jimny may not be a sought after model, but no harm spend $38 to post in sgcarmart.

 

Agree; accident and the insurers will repudiate liability; you will be personally liable for the property damage claim (for the other car); and if there are injury claims, the insurers will pay and recover from you personally. Please do not rent out your car!

 

[Silver_blade]

cheapo leh, buy car but want to rent out.

I guess for most people if they have a choice they will not do such risky thing. Spare a tot for them and don't call them names.

[Versatile]

I guess for most people if they have a choice they will not do such risky thing. Spare a tot for them and don't call them names.

 

Bro, he's the next leepee if you follow thru what he posted last time..

[Tey28]

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.

 

Hi,i would like to rent yur Suzuki Jimmy.Could u call me at 97163888.Thanks.I m not a car rental company n it is for my own personal usuage.Daniel.

[Huihui]

I have just rented a honda stream for 1month from Singapore Rent Out Car

The price was quite reasonable.

The car was in good condition too.