Separation Agreement- Debt

In our separation agreement, my husband will have possession of and be responsible for payments on a vehicle that is financed in both our names. Since the vehicle is financed, what happens if he defaults on payment. Would I be responsible or would adding specifics to our separation agreement protect me from the finance company?

He should agree to indemnify you, but he can’t waive the contract between you and the finance company. You could contact them and try to get them to release you.

They will probably require him to refinance the vehicle. They won’t just take your name off the loan!!!