Owning a vehicle is essential in many parts of Tennessee where people do not have access to public forms of transportation and walking is not practical. It may seem like a necessary evil because vehicles are rather expensive to own. Not only do vehicle owners have to pay thousands to buy one but once they own it, they also have to deal with the maintenance and upkeep. Gas alone can stretch someone’s budget sometimes. However, all of these expenses do not even compare to the expense of an accident.

The liability a driver has on his or her shoulders from just owning a vehicle is significant, according to Forbes. All it takes is one mistake or one bad decision to send a driver into a downward financial spiral. One of the scariest parts may be that he or she does not even have to be behind the wheel to end up liable for a situation involving the vehicle.

  1. Teen drivers may be trouble

Teen drivers may be a liability. The parents generally hold responsibility if their teen causes an accident. That means they are legally responsible for paying for damages.

  1. A loan may be a liability

If another driver borrows a vehicle, then the owner should be ready for the responsibility that comes with the loan. If the person who borrowed the vehicle acts negligently and causes an accident, the owner ends up liable. Someone could sue the owner because his or her car was involved in the accident. So, the bottom line is that to be safe, vehicle owners should not let others drive their cars.

The negligence of another driver could lead to serious problems for the owner, as well as anyone else involved in an accident.