desmomini
Active Member
- Joined
- Jul 1, 2022
- Threads
- 5
- Messages
- 42
- Reaction score
- 54
- Location
- Fort Mill SC
- Vehicle(s)
- 2023 Rubicon 2.0l
The point is OP needs a fair market value for this asset, in a form that the ex finds acceptable.
People think divorces are decided by lawyers and courts, but the reality is two people have to ultimately agree on valuations, aided (and delayed) by lawyers and courts.
Any vehicle is "worth" its guaranteed wholesale value, which is the amount a dealer will pay today to buy it from you. Anything else is pure speculation and argument.
So you need documentation - at least three printed estimates that show the money that can had, TODAY, from selling to a buyer who will definitely buy today, which is a dealer.
Get one quote from Carmax, get one quote from KBB's instant cash offer (which will connect you to two or three dealer used car buyers in your area) and one quote from Carvana or Vroom. Print the three quotes out and find the mathematical average.
You'll notice at least Carvana asks about modifications. You'll also notice that mods either depress the value or don't make a difference. Sorry, guys - that is reality.
OP's ex won't believe it either, so it may be necessary to add a token amount (a few grand) to the number, just to get her to agree to that one point and continue to move through the process.
Divorce is a constant negotiation, many small financial compromises made by people who no longer want to talk to each other.
People think divorces are decided by lawyers and courts, but the reality is two people have to ultimately agree on valuations, aided (and delayed) by lawyers and courts.
Any vehicle is "worth" its guaranteed wholesale value, which is the amount a dealer will pay today to buy it from you. Anything else is pure speculation and argument.
So you need documentation - at least three printed estimates that show the money that can had, TODAY, from selling to a buyer who will definitely buy today, which is a dealer.
Get one quote from Carmax, get one quote from KBB's instant cash offer (which will connect you to two or three dealer used car buyers in your area) and one quote from Carvana or Vroom. Print the three quotes out and find the mathematical average.
You'll notice at least Carvana asks about modifications. You'll also notice that mods either depress the value or don't make a difference. Sorry, guys - that is reality.
OP's ex won't believe it either, so it may be necessary to add a token amount (a few grand) to the number, just to get her to agree to that one point and continue to move through the process.
Divorce is a constant negotiation, many small financial compromises made by people who no longer want to talk to each other.
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