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New Car After Divorce

Posted by Unknown | Dec 24, 2020 | 0 Comments

new car after divorce

If you are in the middle of the quest for a 'new car after divorce,' Drama-Free Divorce is ready to guide you through the journey. Kansas City residents from Missouri and Kansas can turn to us for help in the form of affordable financing that starts from $500 per month. Our flexible payment options will make sure that their divorce remains manageable and stress-free.

Drama-Free Divorce values transparency as part of its service offering. There will never be any hidden costs or unexpected pricing surprises from us, and our aim is to reduce the stress caused by court appearances. Most often there will not even be the need for you to enter a courtroom! This reduces stress and inconvenience significantly.

Our legal team is distinguished by compassion and sensitivity, we understand the challenges associated with divorce can be emotional and difficult for individuals. We will provide professional assistance during this difficult period to ensure you get guidance and care as you navigate this challenging journey.

Navigating through a divorce can be emotionally taxing, but purchasing a new car afterward doesn't need to be. Here we explore essential considerations when purchasing post-divorce cars: what to do if your former spouse still owns one in your name, tips for securing auto loans, as well as advantages and tips for hiring legal professionals like our firm for your divorce needs.

 

What should you keep in mind before purchasing a new vehicle after divorce?

Divorce can bring many changes into your life, one of which involves purchasing a vehicle. Before embarking on this journey of car shopping, take note of these essential considerations:

  • Financial Analysis: Assess your post-divorce finances carefully to ascertain how much of an amount can comfortably fit into your budget for a new car purchase.
  • Needs vs. Wants: Evaluate your transportation needs carefully to identify which vehicle best meets them. Do you require a family-oriented SUV, a fuel-efficient commuter car, or something else altogether? Once this assessment has been made, differentiate between needs and wants in order to make an informed decision.
  • Ownership and Payments: If you and your former partner jointly owned a vehicle, determine how you'd like to handle its ownership. Do you plan on keeping, selling, or trading in for something else?
  • Credit Score: Knowing and understanding your credit score are integral parts of securing auto loans. If your divorce has damaged it, consider taking steps to rebuild it as soon as possible.

 

What should I do if my former partner has registered their car under my name?

Ex-spouses often co-own vehicles together, which can present serious complications during and after divorce proceedings. Here's what can help:

  • Refinance Your Loan: If your ex-spouse is responsible for car payments, ensure they refinance it in their name to relieve you of financial responsibility while protecting your credit rating. This will relieve them from further payments to you while protecting both of their financial standings.
  • Transfer Ownership: In some situations, it may be beneficial to transfer the car ownership directly to your ex-spouse. Be sure to consult an attorney for guidance through this process.

 

How to get approved for an auto loan after going through a divorce?

Acquisition of an auto loan post-divorce may prove challenging, but not impossible. Follow these steps to increase the odds of approval:

  • Review Your Credit: Review a copy of your credit report and correct any discrepancies or errors that appear. Repaying existing debts regularly can also help build your score and enhance your rating.
  • Increase Your Down Payment: Making a larger down payment will decrease the loan amount and improve the chances of approval.
  • Search: Discover multiple lenders to identify those offering the most advantageous interest rates and terms, including banks, credit unions, and online lenders.
  • Cosigner Consideration: If your credit is less than stellar, seeking out a cosigner with excellent credentials can increase its appeal for loan applications.
  • Budget Wisely: When considering your post-divorce loan repayment options, be mindful that they fit within your monthly budget, and don't overextend yourself financially.

 

Why it is wiser to hire a divorce attorney than not having one?

Divorce can be an intricate legal process. Hiring an experienced attorney to guide your process could make all the difference for your outcome, here's why:

  • Legal Expertise: Attorneys possess an in-depth knowledge of divorce law and can assist in guiding you through this often complicated process.
  • Advocacy: An attorney represents your interests to ensure you get a fair settlement.
  • Paperwork and Court Procedures: Divorce requires extensive paperwork and court procedures that can be managed more easily with legal guidance from an attorney, which reduces stress and errors during this difficult process.
  • Mediation and Negotiation: Your attorney will facilitate communication between yourself and your ex, increasing the chance for a peaceful solution.

 

When should you hire an attorney?

Hiring the appropriate divorce lawyer at the appropriate time is vitally important. Do not put off making this decision too long, instead, consider these aspects when making this important decision.

  • Complexity of Issues: If your divorce involves children or complex financial matters, consulting an attorney early is vitally important.
  • Communication Breakdown: An attorney may serve as an intermediary if negotiations with your former spouse prove to be difficult or nonexistent.
  • Legal Advice: Even if your divorce seems straightforward, legal advice from an expert is crucial to ensure you don't overlook crucial details.

 

What are the criteria for finding a good attorney?

Selecting an experienced divorce attorney cannot be understated. Here are a few key points:

  • Experience: When hiring an attorney for divorce and family law cases, find one who has extensive experience.
  • Reputation: To accurately assess an attorney, read reviews online and request referrals.
  • Compatibility: Be certain your attorney understands and appreciates your goals and concerns.
  • Communication: Select an attorney who effectively communicates and informs.

 

Why Choose Drama-Free Divorce?

Drama-Free Divorce provides experienced legal representation that understands your challenges and meets all criteria required to identify an ideal lawyer:

  • Experience: Our team has years of experience navigating through divorce cases.
  • Reputation: Our firm has earned a stellar reputation for providing compassionate representation and producing positive outcomes.
  • Compatibility: We strive to meet your needs while maintaining open lines of communication.
  • Effective Advocacy: Our attorneys are skilled mediators and will fight hard on your behalf to ensure your rights are upheld and that a fair resolution is reached.

 

Suggestions for Action

Consider these steps when purchasing a vehicle following a divorce:

  • Financial Evaluation: Evaluate and calculate your budget before purchasing a vehicle.
  • Ownership Resolution: Determine what will become of any vehicles owned jointly between you and your former partner.
  • Credit Improvement: Are you in need of improving your credit score? Take the necessary steps and improve it today.
  • Loan Shopping: Search around to find the most advantageous auto loan terms.
  • Legal Consultation: Speak with a divorce lawyer about your options and rights before making your decisions.
  • Attorney Selection: Find an attorney with extensive experience who will understand your specific requirements.
  • Proceed Mindfully: Be careful when purchasing your new vehicle, and ensure it fits with your life after divorce.

An important step toward rebuilding life after divorce is purchasing a new car, making the transition smoother by considering these factors and seeking legal advice. Divorce offers you an opportunity to start over with fresh beginnings and an optimistic view of tomorrow. Contact us today at 816 615-5555 or send us an email on our Contact Page.

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