Cars are an important asset, and are often the subject of dispute in a divorce—whether the couple owns or leases one car or multiple cars. Because cars are property and often purchased or leased with marital assets (funds), they are subject to the court’s decisions on how to divide the property. If the parties to a divorce are not able to agree on the transfer of ownership (title) and responsibility for payment of any car loans and insurance, the judge or jury may make these decisions for the parties.
In Georgia, as in many states, cars are considered property and can become a point of contention during a divorce. When a couple divorces, their assets, including vehicles, must be divided. Georgia is an equitable distribution state, which means that marital property is not necessarily split 50/50 but rather in a way that is deemed fair and equitable by the court. If a car was purchased or leased during the marriage with marital funds, it is likely to be considered marital property and subject to division. If the divorcing parties cannot agree on how to divide their vehicles, including the transfer of titles and the responsibility for any associated loans and insurance, the decision may be left to the discretion of a judge or jury. They will consider factors such as the value of the vehicles, the financial contributions of each spouse, and the needs of each party to determine an equitable division of the cars and related financial responsibilities.