Let's analyze it from two angles. First, let's talk about loans. If your ID card is used as a mortgage to buy a car, once your friend fails to repay on time or drives away to avoid you, you must bear the repayment responsibility, because the loan is based on your ID card and the bank will charge you money. If you don't pay back, it will also affect your reputation in financial institutions.
Secondly, if your friend is unable to bear the responsibility of the traffic accident or evade the responsibility once the car has an accident, then you will unconditionally bear the financial compensation, because you are the owner.
In short, it's not good for you at all. I suggest you refuse ~