Marital property - company car

What is the name of your state (only U.S. law)? North Carolina

Spouse, as an employee of his Dad's business, has used a company car through last 3 years of a six year marriage. The business and spouses income have been hit hard but still retains use of the car though title in company's name. Use has always been for mainly pleasure occassional business. With pending divorce can this car be considered a in any way as marital property?What is the name of your state (only U.S. law)?What is the name of your state (only U.S. law)?

Who owns the car?

If the car is owned by the company, it's not marital property. However, the value of driving a company car could be counted as income in terms of calculating support.

Of course, if the company folded tomorrow, that car could be gone. My hubby had a company car for a bit, and when the company he worked for then failed, the car was gone pronto.

nextwife said:

Of course, if the company folded tomorrow, that car could be gone. My hubby had a company car for a bit, and when the company he worked for then failed, the car was gone pronto.

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Or if the company simply changes their policies and no longer offers it.

mistoffolees said:

Or if the company simply changes their policies and no longer offers it.

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Which could very well happen in tough times. The company I worked for simply provided an auto allowance, and we used our own cars. They stopped company cars. And the auto allowance came nowhere near covering all the costs of using up the car for business. All the wear and tear, extra miles, business use insurance and required extra coverage and so on.