Originally Posted by
dcrowell
I'm not quite sure of your point.
Not trying to put words in someone's mouth but he just might be talking about liability laws in many states. To register a vehicle in California for instance the registered owner must show proof of insurance. If an accident happens even if the car was being driven by another licensed driver the owner is responsible in any law suit. Even if the other person is insured if the accident is in excess of their insurance the remainder will fall on the owner. If you were to rent your vehicle you would need a business license and be taxed as a business. Plus most insurance companies have a restriction on comercial use of the vehicle.
In short if you have anything to lose you could lose it if an accident happened. Just saying.