Submitted by Rawbert413 t3_yvm037 in personalfinance
So, I'm in the process of a breakup. I (M26) and my ex(F26) bought a car together in 2020. It's about half paid off. My ex wants to keep the car, and refinance with her dad. I'm not super enthusiastic about not having a car but also wouldn't mind not having to pay the payment on it anymore.
Given that I've put plenty of money into this car in the past and have a decent amount of equity in it, would it make sense for them to offer me a lump sum of money to buy me out of the car? If so, how much should I ask for? It was a new car, so there's about $22,000 left on the loan, and it's had about $12,000 put into it up to now.
Thanks in advance for advice!