If you want to remove your name from the auto loan, there are a few options to do so: Additionally, the negative and positive reporting actions from the car loan can still continue to impact your credit score even if you’re not the one actively maintaining the vehicle or paying the loan. While there may be court orders during a divorce mandating that only one borrower pays for the vehicle, the lender can still ask either of you to pay for a joint auto loan. After a loan contract is signed, both co-borrowers are responsible for the car loan, and both names are listed, and remain, on the vehicle’s title – even if they get divorced later on. If those borrowers split from each other, and are now divorced, the reality is that the auto loan needs to be paid off or refinanced to remove one borrower's name. When two borrowers share a car loan it's called a joint auto loan. And while relationships can change drastically over the course of a car loan, to relinquish the responsibility of a car loan after a divorce, the loan needs to be paid off in some way – whether that’s naturally over the course of the loan term, by selling the vehicle, or by refinancing. Divorce can make the splitting of shared property and assets messy.

Joint Auto Loans After Divorceĭivorce and Co-borrower car loans. If you find yourself in this position, there are ways to get your name off an auto loan after divorce. Even if you’re divorced from your co-borrower and don’t drive the car anymore, you could still be held responsible for the loan unless you officially remove your name from the title. To remove your name from a car loan, there are really only three paths to take – refinance, sell the car, or pay off the loan.

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