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You could take over the car and the payment or sell the car and then pay the loan. I recently found out that the family doesn't have to pay the bills of person who died. This is an option, but the credit card companies don't want you to know this. It is the same with the car loan.
What else can I help you with?
What happens when your husband dies leaving an outstanding car loan?
The lending institution can place a claim for payment against the estate.
Can a car be repossessed if the owner dies before the first payment is due?
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
Why notify dept of motor vehicles when someone dies?
Because the deceased is no longer the registered owner of the car. The car will be included in that persons 'estate' for purposes of executing the will or trust.
What if a car owner dies?
The car goes into the estate. The estate may sell the car to cover debt and costs. They may also transfer title to the appropriate party.
If a young unmarried person dies without a will what happens to their car payment and bills?
Creditors can make claims against any estate left by the decedent. If the car loan is not paid the lender will repossess the car. If there is no other estate the creditors are out of luck unless there was a co-signer on any of the accounts. As bills come in the creditors should be notified of the death.
What happens when someone dies in your car do you get paid?
no
Request certificate of full payment on car loan?
contact your real estate agent.
If someone dies and has a car on finance does it belong to the estate of the deceased if there was no insurance on the loan?
If the loan is not paid off at the time of the death, the vehicle belongs to the lienholder until the vehicle is paid off.
What happens to the car when the co signer dies?
If a co signer of a car dies, the other person on the contract is still responsible for payment. The person who is deceased is no longer responsible for repayment.?æ
If your spouse dies without a will and the car was not titled in both names can the surviving spouse or son transfer the title to either of them?
The car becomes part of the estate. The executor of the estate can have the vehicle transferred to the appropriate party as they settle the estate. The estate will also be responsible for eliminating any debt involved, if a balance is owed on the car.
Is it illegal to purchase a new car for someone else?
No it isn't illegal to purchase a car for someone else, but you will be responsible for payment.
Who is liable for a died person's car payment?
Answer If a person dies its the responsibility of those left behind to pay for the car unless the person who died took a loan at a bank, they usually have an Insurance for such things as death. However no one is obliged to take this Insurance. Debts of a deceased person become the responsibility of the person's estate and must be paid in full before any inheritance can be distributed. If a car on which there is an outstanding loan is left to someone in the deceased's will, then the beneficiary inherits the debt as well as the car.
