Can I Buy A Car During Divorce -

The primary risk is that anything purchased before the divorce is final—including a new vehicle—may be classified as . This could mean your spouse is legally entitled to up to 50% of the equity in that car. Key Legal & Financial Considerations

If you must buy a vehicle, try to get a signed agreement from your spouse stating that the car and its debt are your separate property. can i buy a car during divorce

“Buying a Car During Divorce: You can buy a car during divorce, but it is considered marital property, and your spouse may have a claim to 50% of its equity.” Karp & Iancu The primary risk is that anything purchased before

While you can take out a solo loan, you cannot obligate your spouse to that debt without their consent. Furthermore, high-interest debt taken on during a divorce can negatively impact your final settlement. “Buying a Car During Divorce: You can buy

Buying a car during a divorce is generally possible, but it is often discouraged by legal experts because it can significantly complicate your property division .