Me and my ex girlfriend bought a car together year and a half ago we traded her car for the new one. I pay for it. We have now split up. Who does it belong to? I'm the primary borrower and she is the co-borrower.
2007-12-22 01:50:36 · 20 answers · asked by Anonymous in Family & Relationships ➔ Marriage & Divorce
Who 's name is on the title?
It appears like you went into a deal that was supposed to be for married people. You are not married. I would go by who's name is on the title, not on the loan papers.
If she wants to take the payments over, let her buy you out. If you want to take over the payments, then buy her out.
Only one name should be on the title. You are not married.
2007-12-22 01:57:14 · answer #1 · answered by heartsarebad 5 · 0⤊ 0⤋
If you are taking the car you owe her the money for the trade in. If she is taking the car she owes you the money that you've paid in. Otherwise, one of you gets the car and the other person is out the money.
My advise would be to sell the car and split the money that is left over after the loan amount. Then you can each go out a buy a car on your own. That would be the only fair way to handle it.
2007-12-22 01:54:26 · answer #2 · answered by QWERTY 6 · 1⤊ 0⤋
If the name on the title is yours, then it's yours. However since that car probably got a discount for the trade in, you might want to give your girlfriend enough money for her to buy another older car of equal or greater value to the one she traded for. You might want to do all these in writing to be on the safe side side so she won't be claiming the newer car is also hers. If there is a legal aid society, seek advice regarding this.
2007-12-22 02:02:37 · answer #3 · answered by Stubborn Cat 2 · 0⤊ 0⤋
Seems to me that one of you should buy the other out. Since you have been making all if the payments. Give her the money for the amount of the trade in on her car. She should be happy with that. God bless****
2007-12-22 01:56:25 · answer #4 · answered by ? 7 · 1⤊ 0⤋
The primary borrower is the legal owner. If your name is on the title that car is yours.
2007-12-22 01:53:54 · answer #5 · answered by Your #1 fan 6 · 1⤊ 1⤋
You need to figure out how much each of have invested in the car. What her car was worth, how much you have paid and then who wanted to keep the car. That person needs to pay the other person their share.
2007-12-22 01:55:17 · answer #6 · answered by Jan 2 · 2⤊ 0⤋
i just went through this myself my girl and i broke up i had a child still in school so i kept the car to take him to school but..i found another car that was better for my needs and gave the car back to her.i would think it should depend on the greater need and the persons ability to pay for the car.
2007-12-22 02:33:30 · answer #7 · answered by patbgone 3 · 0⤊ 0⤋
who's name is on the title
2007-12-22 01:53:50 · answer #8 · answered by Drew 4 · 0⤊ 1⤋
My advice is that you pay her the trade-in value of her car and take her name off the title - AFTER it's paid off. And don't flake on that loan!
2007-12-22 01:55:29 · answer #9 · answered by Terri J 7 · 1⤊ 0⤋
it belongs to both of you. find out how much the car is worth and either you pay her for her half and you keep the car or she pays you for your half and she keeps the car.
2007-12-22 01:57:06 · answer #10 · answered by george 2 6 · 1⤊ 0⤋