Preparing for separation-Vehicles


#1

I am planning on buying a cheaper vehicle at some point and have a question. Is it better to trade down now for the savings or wait until after the separation? Would I be better off having this debt as my own during the separation settlement? If there is nothing to be gained, I’ll trade down now instead.


#2

If you trade the car in now, the new car will be marital property. It may be cleaner to wait until you have a full settlement before you buy a new car.


#3

I was actually looking at doing the opposite-trading for an older, much cheaper car.
Would it be better to keep the newer car debt as leverage during the separation?


#4

Likely, however I cannot say for sure without a full understanding of the entire marital estate and a complete financial analysis, which is beyound the scope of this forum.