Is it legal to let someone rent my leased or financed car?

Question

Is it legal to let someone rent my leased or financed car?

Answer 1

Yes and no. You are allowed, but you have to clear it with your insurance company or it will void your insurance. By telling them, they will raise your rates quite a bit or require your "renters" to get their own insurance for the car. you rlenders will probably be o.k with it as long as they are covered by the insurance company and they won't lose their money. Now govt. wise you will be considered as running a business. They will expect you to pay taxs on it and get all the proper lisences together. Long story short either pretend you are loaning your friend your car if they get in an accident or start your own car rental business.

Answer 2

I would think it's ok but if anything happens to the car you will be responsible for it.