Car Ownership

[zackajacka]

I bought a car in November as I am learning to drive. The car is in my name, so too is the log book and the monthly payments are coming from my bank account. The car weas jointly insured but is now only insured in my ex-girlfriends name. My ex-girlfriend has the keys to the car. What can I do to get the car back?

[TWR]

If the agreement is 1/2 And 1/2 Icg how can it be theft?

[lcg]

oh...and if you can't pay for it, the finance company will repossess it and sue you for breach of contract! even if you give it to your gf, if she doesn't pay for it they wil still chase you x

[lcg]

op states it is all in his name! insurance is irrelevant - he's asking about ownership of the vehicle (even if he can't drive it) x

[boxtops]

One good reason not to enter into joint ownership arrangements....

[TWR]

Correct

[lcg]

twr - he clearly states he has taken out the credit agreement. it doesn't matter if his gf has paid for all of it or 2p of it. it's in his name, therefore his responsibility - the same as a credit card would be! you wouldn't turn round to your credit card company and say 'oh, my mum spent that £500, so you ca chase her for it. ridiculous! x

[TWR]

Correct Boxtops, I found that out big style with a Joint Bank Account.

[TWR]

Yes, the ball falls in his court.

[TWR]

But he has still not said if it was in a Joint agreement Icg

[lcg]

he has clearly stated in post #4:

'My concern is that everything is in my name and if she does not meet the payments then I will have to continue to make them and with no car. The remaining term of the car loan is 52 months'

not my definition of a joint agreement! x

[ubasses]

I do not think the credit agreement can be joint, if the ex has bad credit rating they would not have accepted her and it will be in his name only.

[zackajacka]

Credit agreement is my name only. The problem is that my ex has the keys and the car. I want to get the car back as appose to me getting a new car and additional lending in my name

[ubasses]

Then you have got to talk to her and come to an agreement, but if you want the car and she agrees you are going to have to meet 100% of all future payments, hopefully you can negotiate to keep the money she has already paid you as she has had full use of the car during that time. Alternatively she pays you a lump sum, repay the finance and get yourself another car.

[lcg]

so ask her for it back...and if she refuses call the police and report her for theft! simples x

[maclarencat]

It is not theft. She took it with your permission under agreement that she paid half the finance. You have now changed his mind (understandable) but she has not given any indication that she will not continue to pay. This sounds to me like the only option you have is to stop payment and the finance company will reposses the only problem being you too will end up with a bad credit record or sort it out with her. Have you even approached her about this?

[Skyline D]

If the relationship has broken down irretrievably, you clearly cannot continue to in practical terms, share ownership of a car. One of you is going to have to buy the other one out and assume full ownership (whether officially with HP company's agreement or unofficially by your own agreements provided you trust one another). The alternative is to sell the car and start again from scratch each though it's unlikely to have much if any equity in it.

To be fair to the girlfriend, bad credit rating or not it appears she has indeed paid half or near as damn it half of the costs over the time they've had the car. I don't see why she should just "give it back" either. Nor should she have exclusive use of course.