Car Finance Following Divorce

simon.carter

Hi All

Just after some advice if anyone can assist.

When my ex wife and I divorced, as I had always paid for everything for her and us, the solicitors suggested I should purchase a car for her as she needed to transport our daughter. They suggested a figure of up to 12,000 and she duly went and found one for 11,995....

I purchased this on finance - partly because I didn’t want her selling it for cash the next day and partly because I didn’t have 12,000 kicking around following an expensive divorce.

Fast forward three years (the car is on a 5 year finance package) and she has a new job so has “given” the car to her mum and dad....

So I am left paying £200 a month for a car for her mum and dad to use.

The finance is in my name, log book in hers and divorce agreement said I would purchase her a car, would anyone mind advising me if there is a way out?

I don’t mind funding a car for her to transport our daughter, but she remarried a year after our divorce and has now been married a year and a half, should I still be carrying this?

Thanks in advance.

Simon

maman

Morally it feels wrong. One wonders if she ever needed a car. But if a car was part of the financial settlement then I suppose it's hers to do as she pleases. How you chose to pay for it was your (understandable) decision.

kangoora

I'm assuming your solicitor agreed with this? Please tell me you had your own solicitor............

As part of the divorce settlement you had to pay £12k to buy her a car. If you'd paid £12k up front she still could have given it to her parents, even the next day if she had wanted to as it would be her property. That you decided to pay for it over 5 years was your choice.

It feels wrong, but no real difference than if you had just given her £12k and told her to go buy a car. Obviously you still have part of the £12k to pay as you haven't finished with your part of the divorce settlement.

HampshireH

Unless 0% your option to put it on finance (rsther than a low interest bank loan for example) means ypu are probably pausing 15 or 16k instead of 12k?

If you can afford to it would probably be in your interest now to clear the finance and save on the interest part?

Definately not something you can change. You committed to it and as above if you bought it outright the same could have happened.

Best to get it paid and close the book on that particular tie/attachment.

jackieblack

maman wrote: »

if a car was part of the financial settlement then I suppose it's hers to do as she pleases. How you chose to pay for it was your (understandable) decision.

kangoora wrote: »

As part of the divorce settlement you had to pay £12k to buy her a car. If you'd paid £12k up front she still could have given it to her parents, even the next day if she had wanted to as it would be her property. That you decided to pay for it over 5 years was your choice.

It feels wrong, but no real difference than if you had just given her £12k and told her to go buy a car. Obviously you still have part of the £12k to pay as you haven't finished with your part of the divorce settlement.

As above.

The car was part of the settlement.
How you decided to pay for it was your choice.
What she decides to do with said car is her choice.