# Vehicle with both names on Loan...Q&A?

**URL:** <https://forum.rosen.com/t/vehicle-with-both-names-on-loan-q-a/12325>\
**Category:** Divorce and Separation Answers\
**Created:** [May 17, 2011, 7:53pm UTC](https://forum.rosen.com/t/vehicle-with-both-names-on-loan-q-a/12325 "2011-05-17T19:53:57Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![need2know](https://avatars.discourse-cdn.com/v4/letter/n/54ee81/32.png) [@need2know](https://forum.rosen.com/u/need2know)\
**Post date:** [May 17, 2011, 7:53pm UTC](https://forum.rosen.com/t/vehicle-with-both-names-on-loan-q-a/12325/1 "2011-05-17T19:53:57Z")

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Wife traded in our vehicle with both our names on the loan for an equity value of $8625.00 towards purchase of new car. Do I need to file any paperwork for half of that money since I am on loan too? Do I need to file an addendum to ED already filed with this vehicle assessed @ $8625.00 on it? I think I am entitled to half that value? Let me know what needs to be done to get fairness. Thank you for your time.

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**Author:** ![Erin\_Clarey](https://avatars.discourse-cdn.com/v4/letter/e/9de0a6/32.png) [@Erin\_Clarey](https://forum.rosen.com/u/Erin_Clarey)\
**Post date:** [May 17, 2011, 8:12pm UTC](https://forum.rosen.com/t/vehicle-with-both-names-on-loan-q-a/12325/2 "2011-05-17T20:12:33Z")

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I cannot answer a question that specific on the forum as I would need to have an understanding of the full martial estate.

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**Author:** ![need2know](https://avatars.discourse-cdn.com/v4/letter/n/54ee81/32.png) [@need2know](https://forum.rosen.com/u/need2know)\
**Post date:** [May 17, 2011, 8:18pm UTC](https://forum.rosen.com/t/vehicle-with-both-names-on-loan-q-a/12325/3 "2011-05-17T20:18:01Z")

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The car I am driving is underwater on the loan…it has a -$1200 value based on what is owed…these are only 2 vehicles we have and the marital home is headed to foreclosure…not much of an estate left…income for me now is~$40k and other spouse is now~$150k? also underwater in credit card debt by more than $30k…what can possibly be done if I am pro se?

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**Author:** ![Erin\_Clarey](https://avatars.discourse-cdn.com/v4/letter/e/9de0a6/32.png) [@Erin\_Clarey](https://forum.rosen.com/u/Erin_Clarey)\
**Post date:** [May 17, 2011, 9:07pm UTC](https://forum.rosen.com/t/vehicle-with-both-names-on-loan-q-a/12325/4 "2011-05-17T21:07:31Z")

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Specific advice on how assets can and should be divided is beyond the scope of this forum.