Sep
2008
Avoid having to pay your ex-wife for your car
September 10th, 2008 at 10:38 am by Clive Bellmore in DivorceFollowing on from my post yesterday when a man physically cut his car in half in order to stop his wife gaining any share of it (or more accurately, to give her her share) I thought it would be an idea to talk about a way round the problem.
You see, when you get divorced you have to split everything down the middle; this of course means your car as well. If you happen to have a particularly nice car you’ll be expected to give your soon to be ex half the value of the car (not half the physical car as we saw yesterday) which, in many cases, would mean you could be forced to sell the car. Not everyone would have the sort of cash lying around to give away half the value of their beloved car.
So, an idea would be not to own a car in the first place, as owning the car means you need to split its value. Instead you could lease a car from a car leasing company. This allows you to own a flash car without having the liability of needing to pay out an ex-wife. When you lease a car, you don’t own it. You just pay for the lease, then when the lease is up, you can give it back and get a new one.
It works out cheaper than buying a car, there’s no depreciation and your ex-wife can’t touch it because you don’t own it!
We’re all winners!
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