Car Borrowing Contract: Avoid Trouble with These Tips

“Having a car, no distance is too far” – this saying is quite true in today’s era. But what if you don’t have the means to own a car? Don’t worry, a car borrowing contract can be an effective solution. However, to avoid unnecessary trouble, let’s delve into this type of contract with Hanoi Truck!

What is a Car Borrowing Contract?

Definition and Characteristics

A car borrowing contract is an agreement between two parties, where the lender allows the borrower to use a car for a certain period without any fees.

Characteristics:

• Nature: Civil contract, based on voluntariness and trust between the parties.
• Subject: Applies to cars (including trucks).
• Free of Charge: The borrower does not have to pay any fees to the lender.

Car Borrowing vs. Car Rental Contract

Many people often confuse car borrowing and car rental contracts. The most fundamental difference lies in whether or not there is a fee.

Example:

Mr. Minh (Cau Giay, Hanoi) wants to take his family to Vung Tau but doesn’t own a car. He decides to borrow his close friend Mr. Tuan’s pickup truck. The agreement between Mr. Minh and Mr. Tuan is a car borrowing contract.

Conversely, if Mr. Minh rents a truck from ABC transportation company in Ba Dinh district to transport goods, it is a car rental contract.

Car Borrowing Contract Example

Important Notes When Creating a Car Borrowing Contract

For the Lender

• Carefully check the vehicle registration and the borrower’s driver’s license.
• Clearly state the car’s condition and any existing damages (if any) in the handover record.
• Agree with the borrower on liability for damages (if any).

For the Borrower

• Carefully review the contract, especially the clauses regarding responsibilities.
• Take good care of the car and use it for its intended purpose.
• Immediately notify the lender if any incidents occur.

Frequently Asked Questions

Does a Car Borrowing Contract Need Notarization?

According to current regulations, a car borrowing contract does not require notarization. However, to ensure the rights of both parties, it is recommended to have the contract notarized at a notary office.

Is the Borrower Allowed to Let Someone Else Drive the Car?

In principle, the borrower is not allowed to let someone else drive the car without the written consent of the lender.

In Case of an Accident, Who is Responsible?

The responsibility belongs to the driver who caused the accident. If the borrower was driving and caused the accident, the borrower is responsible for compensating for damages according to legal regulations and the agreement in the contract.

About Hanoi Truck

Are you looking for a quality truck? Come to Hanoi Truck – the leading reputable address in Hanoi with a wide variety of trucks from famous brands such as Hyundai, Isuzu, Hino…

We have a showroom system throughout districts in Hanoi such as Cau Giay, Ba Dinh, Tay Ho, Long Bien,… Hanoi Truck is committed to bringing you the best quality products at the most competitive prices.

Related Products

In addition to trucks, Hanoi Truck also provides truck rental services, used car buying and selling, car repair and maintenance services,…

Visit our website https://xetaihanoi.edu.vn/ or contact our hotline 0987.654.321 for the best advice and support!

Truck Sales at Hanoi Truck

Conclusion

A car borrowing contract is a civil agreement based on trust between the parties. To ensure your rights and avoid unnecessary disputes, you should thoroughly research the law, draft a detailed and clear contract.

Share this article with your friends and relatives to raise awareness when participating in traffic!