Ex-partner dispute over car PCP

Senjokin

Good Morning All,
I’m looking for advice on a rather stressful topic - I hope someone can help!

My ex-partner of 10 years and I bought a car on PCP together and upgraded to a more expensive car as a treat for his birthday, the finance ended up being in my name due to affordability. The car was used by me for work (even though I work from home) and him for leisure.

The car loan (as all bills) were split equally. We split 6 months ago and he has been paying his half of the car payment. He has now decided to stop paying me anything towards the car.

I cannot really afford the car on my own and cannot take it back as it is only 2 years into a 4 year PCP and the deficit is £6k, which again I cannot afford to pay.

This was a joint purchase, but we did not go to a solicitors to write up a joint ownership agreement as this is not something you do with someone you have been with for 10 years.

Is there any legal requirement for him to keep his promise and pay me his half of the PCP?

Any and all help is greatly appreciated!

Thanks
Cam

[Deleted User]

You are both equally liable, so the lenders will expect either or both of you to pay.

It's a matter between the two of you.

Tigsteroonie

Deleted_User wrote: »

You are both equally liable, so the lenders will expect either or both of you to pay.

Really?

Senjokin wrote: »

the finance ended up being in my name due to affordability.

I'd have thought only the named debtor could be liable ...

[Deleted User]

Apologies - I missed that - I read 'we bought a car on PCP together' and assumed joint finance.

The OP is wholly responsible.

01afraser4

Senjokin wrote: »

Good Morning All,
I’m looking for advice on a rather stressful topic - I hope someone can help!

My ex-partner of 10 years and I bought a car on PCP together and upgraded to a more expensive car as a treat for his birthday, the finance ended up being in my name due to affordability. The car was used by me for work (even though I work from home) and him for leisure.

The car loan (as all bills) were split equally. We split 6 months ago and he has been paying his half of the car payment. He has now decided to stop paying me anything towards the car.

I cannot really afford the car on my own and cannot take it back as it is only 2 years into a 4 year PCP and the deficit is £6k, which again I cannot afford to pay.

This was a joint purchase, but we did not go to a solicitors to write up a joint ownership agreement as this is not something you do with someone you have been with for 10 years.

Is there any legal requirement for him to keep his promise and pay me his half of the PCP?

Any and all help is greatly appreciated!

Thanks
Cam

As blunt as it may sound, if I am right in assuming you are currently the one using the vehicle then I'm not sure your ex-partner should be expected to fund this.

However, I'd contact the dealership/finance company to see what advice they can offer initially.

Although you mentioned that you still have £6k outstanding, if this is less than half of the total repayable amount then voluntary termination may be an option - see the following link for a good explanation of how this works:

https://www.thecarexpert.co.uk/car-finance-voluntary-termination-pcp-hp/

foxy-stoat

Find out how much it will cost to take you to 50% point, full settlement figure and current market value.

Are you still driving it?

macman

OP, it wasn't a joint purchase, because you are the only name on the finance deal. Your ex has no legal liability to pay anything-it's solely your debt. The fact that he has been voluntarily contributing 50% doesn't bind him to do so any longer.
But I'm puzzled as to why you would expect him to continue paying for a vehicle that is now used exclusively by yourself and to which he has no access and derives no benefit?

MEM62

Nobody enters into these arrangements with splitting up in mind and they can be difficult to resolve. OP from a legal perspective the debt is yours and yours alone. I can also see you ex taking the view that he should be asked to pay for a car that he can get use and enjoyment from. After all, if he moved out of your home would you still expect him to pay for gas and electricity?

The right thing to do would be to terminate the agreement and split whatever losses arise.