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Divorce and the Big Car Payment

Discussion in 'Model S: Ordering, Production, Delivery' started by ⚡️ELECTROMAN⚡️, Nov 26, 2016.

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What would you do if your marriage was less than perfect.

  1. Cosign with your wife to save $500?

    13 vote(s)
    21.0%
  2. Get the loan in your name only?

    49 vote(s)
    79.0%
  1. Vitold

    Vitold Active Member

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    Although Model S is as fast as any sports car however it is not a 'chick magnet' and therefore you have nothing to worry about.
     
  2. ⚡️ELECTROMAN⚡️

    ⚡️ELECTROMAN⚡️ In loving memory of Version 8

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    I'm just trying gain some insight from those that may have gone through a divorce and had cars that weren't paid off. My thinking was if we cosigned then I would have to refinance, most likely with worse terms, or pay off the car from the divorce settlement. There's probably no practicle way to protect both parties without eliminating the cosigned loan, but maybe there is. I'm assuming it will be an amicable divorce with the assets being split evenly. The advantage to buying the car before the divorce would be that we would split the depreciation at the time of settlement.
     
  3. Maximapolak

    Maximapolak Member

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    Oh yeah? Mine is in production queue and I've already had may requests for a ride.
     
  4. Kenx008

    Kenx008 Member

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    I stand by for richer and poorer til death do us part. By definition a gift is given and I do not expect or want it to be recoverable.
     
    • Like x 3
    • Love x 1
  5. PtG62901

    PtG62901 Member

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    I like the book "His Needs, Her Needs". Good luck.
     
  6. McRat

    McRat Well-Known Member

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    It depends on where you sit on the foodchain. I divorced my first wife before she could stuff the entire house up her nose. Corrected for inflation, that was about $250,000 to remove that wart from my arse. A car? Hell, she got a house, a boat, 2 cars, and enough cash to burn $100 bills for firewood for a very cold winter.

    It torched my credit, put my kid through the blender, and nearly reduced me to ashes.

    A car? If all you have is a car to fight about, you hit the freakin' Lotto.

    In the long run, that $250k was the best investment I ever made. Like the old joke, "Why are divorces so expensive?", "Because they are worth it."
     
    • Like x 6
  7. DadoP90DL

    DadoP90DL Member

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    Seriously, divorce first then buy the car.
     
  8. ⚡️ELECTROMAN⚡️

    ⚡️ELECTROMAN⚡️ In loving memory of Version 8

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    Portland, Oregon
    That's not an option. The car will be here in a week or two.
     
  9. BluestarE3

    BluestarE3 Active Member

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    A quick trip to Reno before then perhaps? :)
     
  10. Bishop

    Bishop Member

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    im confused..

    are you married and getting a divorce?
    Getting married and preparing for your divorce?
    already married and worried about a divorce?

    If your not married and worried about a divorce should you be marrying this person?
    if your already married and planning a divorce why did you marry the person?
     
  11. jerry33

    jerry33 S85 - VIN:P05130 - 3/2/13

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    "In good times and in bad". And there will be some bad times because stuff happens, and it happens to everybody. The trick is that the bad times will dissipate eventually and bring more happy times. We celebrated our 45th anniversary July 2015 by driving the Tesla to Seattle and having a renewal wedding.
    Denise_jerry_2.jpg Denise_jerry.jpg Jorgenson Wedding (18 of 289).jpg
     
    • Like x 10
  12. Bishop

    Bishop Member

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    Japanese wedding?
     
  13. jerry33

    jerry33 S85 - VIN:P05130 - 3/2/13

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    Yes. Shinto.
     
    • Like x 1
  14. dhrivnak

    dhrivnak Active Member

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    I would invest in the marriage first as that will likely have a much higher payback and in more than just financial terms.
     
  15. fallen888

    fallen888 Participant

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    Oh I beg to differ. It's quite a magnet, for chicks as well as others.
     
  16. SDRick

    SDRick Active Member

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    As you know, in divorce they get half. Just be careful, after a while, some have been known to want to get remarried to go after the other half!
     
    • Funny x 2
  17. reghoustonguy

    reghoustonguy Member

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    Truth.

    You can live in a tesla, but you can't drive a house.
     
    • Funny x 3
    • Like x 1
  18. Max*

    Max* Charging

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    Wow, wow, wow, wow. Hold your horses. If you even finance 80k, it's a $630+ difference, not $500.

    Carry on.
     
  19. bonaire

    bonaire Active Member

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    Buy a high mileage CPO. They're cheaper and you still get the thrills. For half the cost. And even if you title it to yourself, a divorce could split ownership or even cause you to sell. Depreciation is steep for showroom-new cars after a few years.

    As one of my friends says: "it's all about the enthusiasm". With cars and women.
     
  20. dhcp

    dhcp Member

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    This might be the most true statement I've read on here - the Model S is total nerd guy catnip and total female kryptonite.

    Considering the divorce, if you get the car you may want to look up "camping mode" in case it becomes a primary residence. :)
     
    • Funny x 2
    • Like x 1

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