Friend wants to insure his car under my name
 

What are the risks? Good idea?

not worth the risk if he gets into an accident. Tell him to insure under his parents or a relative. Is it worth risking your friendship if anything happens?

Yeah i'm thinking bout that right now too..

Absolutely not. It's a horrible idea.

It's a deal for him, and nothing but a big risk for you.

As mentioned above, not worth ruining a friendship over.

Hmm K, case closed.

If your friend is a hot chick, then.........

A good friend once told me this. " Never put friendship to a test cause it always disappoint you"

So the answer is NO

why does your friend want to do that anyways

no risks at all!

I say go for it.

offer to pay as well. There's obviously a good reason why he doesn't want to insure the car under his own name, what do you have to lose?!!!

This happened to a family friend.

Let her friend insure their car on her name.
Friend got into hit and run.
victim had witnesses.
ICBC is asking my family friend to come forward
Friend is now gone due to other problems with police


So who's going to pay and ultimately have to fix the problem?
well my family friends mom, but you get what i mean.

I'll pay you $100, can I insure my car under your name too? PLEASSSSE

do_not_do_it.jpg :D

Very bad idea.

Depends if you can trust the person or not.
But if the person gets into an accident, it's their fault according to ICBC. So they take the full insurance hit, not you.

trust or not...NO...let them insure it under their own name

Big nono!!!!

What is his reason for doing so?

that's a bad idea, i have a friend that did that and the person got into a car accident and his insurance went up

i got offered 500$ to do this last week....

fuck that

doesn't the car have to be put in your name too?

if so, go for the counter scam. sell his car.

no it doesnt have to be.



Id do it for family but not friends no matter how close they are unless i grew up with them and even then... :/

didn't this happen with one of the gangster shootouts? not one of the ones recently but i think about a year back with a bmw involved in a drive by shooting... someone reported the license plates and the police went to the registered address only to find out that the person living there only owns the car on paper (lease/registered owner) and it was the person who was shot at was the principal operator.

not insuring it under his own name should be a big warning sign. you assume all the risk while he assumes none. even suggesting it to you would make me raise an eyebrow as to what type of 'friend' would ask that of you.

so the answer is "NO"

Lay off the drugs, man. :lol