Car Loans-Co Borrowers

[Dye Tied (Premo)]

Originally Posted by charlesctygal

My fiance and I obtained a vehicle together this past spring, and now we are separating. I know, it was not a smart thing to do considering we were not married. I was the primary account holder and did not need a co-borrower, but we put him on there anyways. We are in dispute now about what to do. We owe alot more on this vehicle than what it is worth, so it would be hard to trade it in. He wants to keep it and make payments, but I am scared he will fall behind or just not care. I want him to have a car though, and i already have one of my own in my sole name. Question is, could I take him off of the loan, since I did not a co-signer at first anyways? Or would i have to refinance in my sole name? ANy suggestions?

Originally Posted by charlesctygal

I have been with a man for 4 years now and we just got married. ..

So this person is now your husband? Why don't you ask your lawyer what to do?

[crabcake]

Originally Posted by Dye Tied

So this person is now your husband? Why don't you ask your lawyer what to do?

If you're divorcing, whether you have lawyers handling it or do your own separation and distribution of assets, a judge is going to rule and order that one of you keep the car and put it in their name so as to relinquish the other party from responsibility. If he's willing to do it now vs. later, great ... but if he's as open about the matter as he is to you parenting his child, odds are you'll need the judge to rule and order him to come off the title and loan.