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How do the vehicles get divided during my divorce?
July 25, 2012 Cindy Best
Usually spouses have driven one vehicle and that is the one they want to keep. There may be an adjustment if one vehicle has a greater value than the other. For instance, if the truck has equity of $10,000 and the SUV has equity of $20,000, one person has $10,000 more value than the other. The truck spouse is due an additional $5,000 on his/her side of the ledger (the vehicles together equal $30,000 so each spouse should get a value of $15,000; the truck spouse only has $10,000 in value, so is due an additional $5,000)
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7025 N. Scottsdale Road, Suite 301
Scottsdale, Arizona 85253
Scottsdale, Arizona 85253
