John Rumm (John Rumm ) gurgled happily,
sounding much like they were saying:

I think I would be inclined to let him keep the depreciated asset, and
chase the loan instead!

"What loan?"

The money he borrowed from her parents and used to buy the car.

"What money? Prove it..." - it was only a verbal agreement, remember.
Worth the paper it's written on...

(It depends a bit on if it was just "him" that borrowed the money...
probably more likely the couple borrowed it so you may have difficulty
assigning liability)

Well, quite. That further muddies the waters.