LOAN OF PERSONAL VEHICLE AGREEMENT
Summary
There are situations where you may loan your personal vehicle to friends or family for a certain period of time. This Loan of Personal Vehicle Agreement may be considered to set out the terms of the loan, and strives to provide protection in the event of any loss or damage as a result of lending your vehicle.
More information
Why do I need Loan of Personal Vehicle Agreement?
The Loan of Personal Vehicle Agreement strives to set out the terms on which your personal vehicle is lent to another person. The terms strive to limit what the borrower is able to do with the car, for example he may not enter racing competitions using the vehicle. The agreement also specifies that the borrower is to pay for any damages to the vehicle incurred while in his possession.
What does this Loan of Personal Vehicle Agreement say?
The document consists of:
- Lending and condition of the vehicle
- Conditions of use
- Insurance
- Undertakings, Indemnities and Warranties
What does this Loan of Personal Vehicle Agreement look like?
- The agreement can be printed onto one A4 page.
What do you need to do to use this Loan of Personal Vehicle Agreement?
- Read the document to ensure that it suits your requirements. Make changes as required.
- Complete the relevant details, and get the driver to sign.
Also known as:
- Terms of Use of a Loan Vehicle
- Loan of Personal Car Terms and Conditions
- Conditions of Use of a Vehicle
- Loan of Car Agreement
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