A financed vehicle is the property of the financial institution if there is a lien on the title. The person granted the loan signed the contract for the loan, indicating the description of the vehicle. That person is the owner of the vehicle and responsible for the payments despite any private agreement to share paying off the loan. During divorce proceedings, if a vehicle is included in property listing, the vehicle stays with person named on title as owner. That person is to keep the vehicle or give it away or sell it unless extenuating circumstances warrant the judge hearing the divorce to take control of the vehicle as deemed as appropriate to the contrary.