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In this situation (at least in California), if the RO (registered owner) (or the cosigner) dies and still owes on the loan the vehicle will be repossessed because the title to the vehicle cannot be legally transfered to another family member. The loan is only for one person. My girlfriends mother cosigned on the loan to the car, and being that the mother is old, i told my girl to make sure that at any time she might have to pay off the vehicle. If the RO dies, pay the car off as soon as possible, before the Finance company finds out. As a repossessor , usually people in this situation arent sure what their rights are. Sometimes people will continue to pay on the loan, but in time, the finance company will find out. THis usually happens when a 3rd party will insure the vehicle in their name, or if an accident happens, etc. Check your states law though, because they are all different.
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You have sisters car who passed away she has a lot of debt who gets her car?
whoever she owes the money too gets the car whoever she owes the money too gets the car
What happen if some one sell you a car that owes money to the dmv?
you can buy of the money that's owed or don't by it at all.
Can your car be repossessed if you hold the title?
Yes, if you took a loan out and used your car as collaterol, then it can be taken away. If you own the title free and clear, then it cannot be taken from you. Only if you owe money on it or the previous owner owes money on it. If the previous owner has an outstanding debt on the car and sells it to you without you knowing about the debt then the car can still be repo'd.
What to do if car your deceased father left owes money to a lender'?
unless there is some sort of death policy in the contract, you either pay the money or let them repo the car
What if someone owes back taxes on a car your buying can you still register it?
The thing to do it NOT to buy the car. Want to get yourself in a real mess, then purchase this car. Walk away!
Your father passed away and was the primary you are the co signer but do not want the car do you have to pay?
Answer Most likely you will have to pay for the car, as you co-signed for it. If you don't want the car, you can alway sell it and use the money from the sale of the car to help pay it off.
Your father passed away and you have a title to a junk car What do you do?
If you have the car, sell it, keep it, or give it away. If you no longer have the car, contact your local DMV for advice.
You bought a car for a friend that signed a pmt agreement You repossessed the car from the individual for non-payment The individual got a payday loan against the title Who owes that money?
Who ever signed the pay day loan contract owes the money. You bought the car for the friend so the title should have your name on it until such time as you have been paid for the car and you sign over the title to the person buying it from you.
If my mother passed away and left me her car and my step dad want give it to me what can I do about it?
Then you get the car! Easy!
What happens if a vehicle is insured by you but financed in your fiances name and he passed away in the accident?
Explain to them that you shared the financed "account," and you should receive the money because they car was also your car. Though, sorry to hear about your fiance :(
If only the cosigners name address SSN and signature on all the pink slip and all the other papers who owns the car and owes the money?
Whom ever signed the CONTRACT is the one(s) who owes the money. Pink slip doesnt count when it comes time to pay.
When will you get your first car?
you will get your first car once you have passed your drivers test and you or your parents have saved up enough money for a car
