Navigating the aftermath of a divorce is rarely easy, and one of the most contentious issues can often be who gets to keep the car. In Australia, the process of asset separation after divorce is governed by the Family Law Act 1975. The first step is to identify all of the assets and liabilities that are owned by both parties and their values. Once this has been done, the next step is to determine an equitable split of these assets. This can often be a complex process, as there are many factors to consider. For example, who will have custody of the children? What are each party’s income levels? How much debt does each party have?
Ultimately, the goal is to reach a fair and equitable agreement that takes all of these factors into account. If you are going through a divorce and struggling to reach an agreement on who gets the car, it is important to seek out professional help. A qualified family lawyer can assist you in determining an appropriate course of action.
After a divorce, one decision that has to be made is who gets the car. This can be a complicated process, as there are a number of factors that need to be taken into account. For example, who purchased the car? Who is the primary driver? What is the value of the car? In most cases, the car will be considered an asset that needs to be divided between the two parties. If neither party can agree who gets the car, it might have to be sold and the proceeds (after paying out any debt) divided between the parties.
The first step is to determine the value of the car. This can be done by looking at comparable sales in the area or by getting an appraisal from a qualified specialist or simply by going to Redbook and searching for a similar vehicle. Once the value of the car has been determined, each party will need to negotiate who will get the car. If there is no agreement, then the court will make a decision based on what is fair and reasonable which may include the sale of the vehicle.
There are a number of factors that the court will take into account, such as who needs the car for transportation and who can afford to keep up with the payments. Ultimately, it is important to remember that the decision of who gets the car in a divorce is not always simple or straightforward. There are a number of complexities that need to be taken into account in order to reach a fair and reasonable solution.