The loan is in your name, and after the car is bought, it is also your name. Because it is used by others, if there is a traffic accident, you are the owner first, and anyway, as the owner, if your car has a major fault and hurts people, you are liable for compensation as the owner. If you violate the rules, you are basically not afraid now, as long as you can do it well before the annual review. If the annual review fails, it's just that he doesn't have a car. Of course, if the bank wants to collect the car, because the loan is in your name, if there is overdue repayment, the name recorded on the blacklist will be you, which will affect your future credit, and all the expenses owed by the car will be paid by you.

So in general:

1. Avoid lending your ID card to others for loan business;

2. If a friend insists on borrowing it, he can absolutely refuse it;

3. If the loan is handled by a friend, the borrower can recover the money from the friend;

The detailed contract needs to be drafted clearly.

If so, how to reduce joint liability:

The simplest and most effective way is to sign a car rental contract with a friend, that is, you rent the car to him, the monthly payment is the rent, he pays you, and you return it to the bank. There are many binding clauses in the lease contract. Car accidents are basically the responsibility of the renter, and few people are jointly and severally liable. When he pays off the mortgage, you can directly transfer it to him, which has nothing to do with you. Most importantly, with the lease contract, he is afraid to borrow money with his car, and your risk is reduced by more than half. To be fair, you don't have to write any agreement. The lease contract can help you with everything.

2. What are the risks of lending the car to others in my name? Such as repayment of loans, accidents, etc.

1, your nominal loan is your loan. Others don't pay you back;

2. You supervise the annual inspection and buy compulsory insurance on time. The accident has nothing to do with you.

What are the risks of lending the car to others in my name? Such as repayment of loans, accidents, etc.

Lending money to others to buy a car in their own name is a big risk. Specifically, there are the following risks:

1. Because the loan is made in its own name, if the other party fails to repay the loan within the time limit, it will be liable for repayment. If it is a serious breach of contract, the name recorded on the blacklist is the lender, and the name lender will bear the consequences;

2. After the car is bought, it is also registered in the name of the nominal lender. Because it is used by others, if there is a traffic accident, the owner will be found first, and he will bear legal responsibility and may be liable for compensation anyway.

3. If there is a hit-and-run or mortgage fraud in the car, the owner may encounter an accident.

Extended data

The direct consequence of buying a car under the pretext is that the owner (nominal owner) of the vehicle is inconsistent with the actual user of the vehicle. According to the binary judgment standard of "operation domination" and "operation benefit" of the responsible subject in traffic accident damage compensation, under the condition that the owner of the motor vehicle is separated from the actual user, the motor vehicle user can control the danger most effectively and directly enjoy the benefits generated by motor vehicle operation.

Article 49 of the Tort Liability Law stipulates: "If the owner and user of a motor vehicle are not the same person due to reasons such as leasing or borrowing, and the motor vehicle party is responsible after a traffic accident, the insurance company shall make compensation within the limit of motor vehicle compulsory insurance liability. For the insufficient part, the motor vehicle user shall be liable for compensation.

If you must borrow a name to buy a car, it is suggested that both parties must sign a clear and detailed agreement on borrowing a name to buy a car, confirm the fact of borrowing a name in writing, and agree to transfer once the transfer conditions are met. And the car buyer must keep all kinds of car purchase, tax and insurance certificates to actually control the vehicle.