[dave 911]

We're going to soon be in a position where we will have an extra car at the house, when our daughter starts college. Her good friend will be a senior in high school, and recently totaled her car, and their family is not in a position to be able to buy another car.

We were thinking of loaning our extra car (it's a 95 Camry, we currently don't carry collision and while it runs well, it isn't worth much).

We would drop the car from our insurance while the friend is driving it for the school year, but when our daughter comes back for winter and summer break we would want it back for her to drive. So, we wouldn't want to outright gift the car to them for this reason.

So the question -- if her friend were to cause a collision in a car that was registered to us, could we be held liable? We wouldn't care if she totaled the car but we obviously don't want to be put at any kind of financial risk either.

Thoughts from the lawyers out there?