Legal Question in Family Law in Florida
Breaking up with Fiance. We are both residents of Florida and currently reside at same address for at least another week.
She has bad credit, and bad driving history.
2 yrs ago, she needed a new car. It was purchased under my name alone with 5 year loan. She has paid every dime on time to the finance company.
The insurance is paid by me and covers her and myself with the fullest coverage you can buy.
I want the car out of my name, but she has no money, and no co-signer.
I would like for her to keep the car. She needs it for work and her kids to school.
However, I�m not willing to retain liability for the car, loan, or any incidents.
Question is�.
Can I have the car in my name, as long as she insures it with her own insurance?
What is the best way to solve this dilemma?
Thank you!
2 Answers from Attorneys
If you want to retain title, you will need auto liability and collision insurance to cover both of you.
my suggestion is sell the car and give her the money to put down on another car so that there is not a loan in your name, and your not hung up on the insurance or any liability. So long as the car is in your name, your will be liable on the insurance.
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