Car loan

cam269

Hi,
Sadly my husband and I have separated so I am looking at my finances.
I have a car loan which my dad could help me pay off - either take over the monthly payments or pay off the whole amount but would this come into question when solicitors look at our joint accounts?
Would I be penalised for paying it off early eg: I would end up paying out more to my husband or is it in my interest to keep the loan on whilst the finances get sorted?
Does that make sense?!
Thanks

Brie

I would expect that all assets and all liabilities will be taken into account.  But unless the car is very high value and at the beginning of the finance I doubt it will be significant compared to things like the house and pensions.  

You could of course pay off the finance company and have a loan agreement with dad.  "because the interest was lower and the terms more flexible".  If it's a very acrimonious split this may not wash of course.