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Who does the car belong to?

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alove
alove Posts: 13 Forumite
Fifth Anniversary First Post Combo Breaker
in Loans
I recently split from my wife. 2 years ago I took out a 15K loan for a new family car and pay off a few of her debts. The loan is in my name and I make the repayments. The car is registered in her name and she pays for all maintenance, costs etc. Is the car legally hers or mine?
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Comments

  • Stevie_Palimo
    Stevie_Palimo Posts: 3,306 Forumite
    1,000 Posts Combo Breaker
    Legally hers on paperwork and if you are talking about the loan to get the car and you are paying it off the loan is outstanding to you and the car is hers, You cannot foresee a split happening when purchasing these things and the only thing here is to try and work an amicable arrangement to suit both you her.
  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    Is the loan secured on the car?

    When purchasing the car, did the funds come from your account? Or did you give them to your wife and the funds come from her account?
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    Stevie_Palimo wrote: »
    Legally hers on paperwork and if you are talking about the loan to get the car and you are paying it off the loan is outstanding to you and the car is hers, You cannot foresee a split happening when purchasing these things and the only thing here is to try and work an amicable arrangement to suit both you her.
    Not necessarily.
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • Stevie_Palimo
    Stevie_Palimo Posts: 3,306 Forumite
    1,000 Posts Combo Breaker
    Gaz83 wrote: »
    Not necessarily.

    The way I have read it is he took out a loan and used part of it for a car that he registered in her name thus making it her car and using the balance to pay of debts. No car finance in place to simply hand it back.
  • SeanG79
    SeanG79 Posts: 977 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Stevie_Palimo wrote: »
    The way I have read it is he took out a loan and used part of it for a car that he registered in her name thus making it her car and using the balance to pay of debts. No car finance in place to simply hand it back.

    Although the registered keeper and the legal owner can be the same entity, they are 2 separate things. Eg A bank can be the legal owner of a vehicle, whilst the registered keeper is the person using the car on a daily basis.

    When you purchased the car, who's name was on the invoice (not the V5)?
  • JJG
    JJG Posts: 341 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Stevie_Palimo wrote: »
    The way I have read it is he took out a loan and used part of it for a car that he registered in her name thus making it her car and using the balance to pay of debts. No car finance in place to simply hand it back.

    I think Gaz is alluding to the fact that the V5 is only the registered keeper and not proof of ownership.
  • Stevie_Palimo
    Stevie_Palimo Posts: 3,306 Forumite
    1,000 Posts Combo Breaker
    The one case I have seen go the legal route with a mate who split up with his missus was that she kept the car due to being the registered keeper, Money aside if it was paid for from either account and in his case he paid it but still lost the case.
  • alove
    alove Posts: 13 Forumite
    Fifth Anniversary First Post Combo Breaker
    The loan came from my account not hers
  • 19lottie82
    19lottie82 Posts: 6,029 Forumite
    Part of the Furniture Combo Breaker
    Surely the starting point for a divorce settlement is a simple down the middle split of all assets and debts?
  • bris
    bris Posts: 10,548 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The car belongs to the wife as it will be consider hers as it always has been, You can't take a gift back.
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