answersLogoWhite
Mufflers and Tailpipes
Auto Loans and Financing
Repossession

If you have a car that has never run properly do you continue to make payments or let the lender take the vehicle?


Top Answer
User Avatar
Wiki User
2015-07-15 19:39:44
2015-07-15 19:39:44

Thats a personal decision for YOU to make. You likely will have to pay for any defiencey balance if you give it up.

Related Questions

User Avatar

You must talk to the lender who has a lien on the vehicle. It is up to them if you will be allowed to take over the payments.

User Avatar

You should find the sales receipt. It might state on there what will happen. Regardless, payments need to be made and you should tell the loaner that she is deceased. You might want to contact a lawyer to make sure things go the way they should. * If the vehicle was not part of the inheritance the lender should have been contacted by the executor or administrator of the deceased's estate. If the vehicle was part of an inheritance then the beneficiary may contact the lender to arrange refinancing or refuse the "gift" and allow the vehicle to be recovered by the lender. In either case, a family member cannot simply keep the vehicle and continue to make payments without notifying the lender.

User Avatar

Talk to the lender, or you can file Chapter 13 Bankruptcy to lower the payments where you can afford them.

User Avatar

The answer is NO, unless the lender approves of the sale. Contact the lender.

User Avatar

The same one who set the payments when you got the loan, the LENDER.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.