KB58 wrote:
Unless I really needed the money, I'd say no. Between my time and the enormous consequences of liability, it just isn't worth it. Even selling books about building a car is something I cope with only by trying not to think about it...
I'm in a somewhat odd (hopefully) situation, having designed sport aircraft, of which my company sold 1396 examples in the early '80s (plus I-don't-know-how-many examples by various other companies) and I got sued every time I turned around until the last couple of decades. I was amazed at how thin the grounds of Failure To Warn could be -- I was sued by a man who flew drunk into power lines at 2:30 in the morning, on the grounds that my manual had too few warnings about daylight and sobriety, I was sued by a man who built his own microlight aircraft due to being inspired by a photo of one of mine in the cover of National Geographic (I kid you not, and Melvin Belli's office was his counsel), and the end of it only came after the costs of defense used up all my money and assets (my home, for example). I am only free to run Kinetic Vehicles (and do other good works) because I am simply no longer worth suing. When suit nibbles come my way, I reply with a financial statement and -poof!- they're gone.
This is not a bad way to live, and I'm happier than I was when I had 30+ employees and a new house every year (we'd convert the old one to a rental), but seriously, if you have lots worth suing you for now, or even intend to in the future, it is quite an emotional drain, even if you win -- and you probably WILL win, but it's still gonna cost you, in money, wellbeing, and hours of your precious life. Do you think you have a sufficiently strong liability waiver with the buyer of your car? Well you don't have one with his heirs, or with the people in the other car in the accident.
If your attachable assets are less than a hundred grand, you are probably okay. If they're over a million, you're gambling that nobody will get hurt in a car or car project you sold. if you build and sell cars over and over again, every time you sell one you're shaking the dice in the cup.
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Locost builder and adventurer, and owner/operator of
http://www.kineticvehicles.com