Or is DP?

[itsjustacar]

We have a car on finance. It’s in my name. (We split bills approx equally but not by paying 50/50 - by taking set bills each to equate to approx 50/50 - hence the car in my name and I pay it). I felt pressured with this car to get one that was more than I wanted to spend (by DP - bigger to accommodate his older DC and a brand new on as he insists they’re more reliable).

I know I am an adult and responsible for my own choices - and I should have stood firm. Anyway, the car is now at approx. The break even point of the contract. I am so tempted to sell it, pay off the finance and just buy a smaller, cheaper one outright. DP is very, very against this.

Wibu just to do it? It’s ‘calculated’ towards my share of the bills but I don’t like having the debt in my name as if we split it’s my burden.

I’m not disagreeing?

I wouldn’t take the replacement out of your savings though. Otherwise you’ve paid for a car, dh gets the benefit without any payment. And willl you still pay 50% of bills?

id sell it and either car finance a smaller more affordable car 50% each, with dh paying any ‘top up’ for anything he wants that’s fancier. Or use 50% of your savings and dh finances the rest however he wishes?

Sell the car. DP buys a new car you both agree on and which will accommodate all his children. You take over some of the bills instead.

Alternatively, have your own cars which you each pay for out of your own money and you split household costs, which again means you taking on more of the bills.

If your DH DC are doing their a levels now by the time your finance agreement is up on the car they will probably be off at uni, have their own car, or be pretty self sufficient. So, I would have a conversation with your DH now, explain your regrets about the size and cost of the car and get an agreement with him they when the finance is up you'll be swapping it in for a smaller more affordable car in the region of £x on the basis it will only be used by you and the children you share.

If you were struggling to afford it I would say get rid now but if you can afford it I would just keep it for now and save your savings. You're more likely to get some change from the trade in at the end of the agreement that you can put towards your new car.

You said “I agree. But the time to say or do something is long gone. She should have spoken up before.” she can change her mind. She must have had it a while for the contract to be a point she can break it.

Me too! I drive my cars until they disintegrate into a pile of rust on the mechanics floor. Mine is 12 years old, it's done 150,000 miles, I have the oil and filter changed every 6 months and it works like a trooper. I love the bones of it and I'll be gutted when it finally dies.

And everyone say work is paying £400 a month for PCP cars that they're constantly having to take back with problems and change because the maindealers are only concerned with profit.

And I have offered options of what she can do now. Convince him to sell the car or transfer the debt to him.

My husband drives a brand new, luxury brand company car. He gets a new one every 18m it’s been in the garage twice for faults that shouldn’t happen with a new car and there’s another fault (rear view mirror leaks) that they just don’t know how to resolve. If he’d paid for it he’d be furious!

Mine we’ve owned 6 years and it’s only ever had routine work done! Never broken down!!