0
If your father dies, any debts he had are passed along with his assets. If he still owed money on his car, his heirs get the car and the loan balance. There are exceptions, like if insurance provides for payment of an outstanding debt on a loan in the event of death, but these are exceptions to an almost universal idea that all things of value in an estate as well as all outstanding notes and such are handed down as a package.
Think of it this way. If you loaned someone money for a car and that person passed on, you'd still be owed the money or have a "stake" in the car. Any who inherit the "goods" of the deceased will also take on any outstanding debt. You loaned the money for the car. If the person who borrowed the money dies, you still have an outstanding debt with the heirs of the departed. You'd expect to be paid, and law provides for this.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
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.
My Car title is in me and my father's name. how do I take his name off?
If the car is paid off and you have the Certificate of Title, your father must sign the certificate over to you then you take it to the DMV and apply for a new certificate in your own name.
Can you trade in a car that's not paid off and not co sign for another car?
If you trade-in a car that Not paid off, you will be trouble with the law.
If a person dies and leaves a vehicle to her husband who hasn't been around the car is paid off is the executrix able to sell the car for expenses?
It will depend on the wording of the will. Consult a probate attorney for help.
If your car was repossessed and you paid the loan off do you get the title?
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
Does your car have to be paid off before you can trade it in?
No
How do you get a cosigner off of a car title if the car is paid off?
You cant without the cosigners approval.
Does a cosigner have rights to the car even when its paid off?
No, the cosigner will not have rights to the car after its paid off because the purpose of a cosigner is to pay off the notice if you fail to do so. Being a cosigner does not give them to any rights to the car.
What happends when the lienholder dies?
My father had a lien on my vehicle which is registered in my name and when it was paid off last Dec, we never thought about the title and he has now passed away and his wife refuses to give me the title or have it transferred. What can I do?
If you have a car that was charged off in 2004 and they didn't inform you of the charge off and now the car has been paid off did they have the right to do that without telling you?
Who payed the car off?Was the car repoed?
How do you get a car title for your used car?
If it is paid off, see your local DMV.
Can a vehicle finance company repo your grand fathers car if he dies?
yes, if he still owed money on it; then yes, they can take it. It doesn't belong to your grandpa until it's paid off and he has a title.
