This is just a general query, no-one has actually died I was just wondering what happens if one of your immediate family members dies and they have a car on finance? Is it down to the family members to pay the finance? Let's assume the person has no spouse, only siblings/ parents.
surely they would take the car back, and charge the estate any difference?
Yeah, I wondered that too. But if they've passed the half way point then surely the car would be taken with no further fees? Rule of halves and thirds etc.
But what if the family of the deceased wanted to keep the car? I'm guessing the finance company would be willing create a new agreement for the remaining amount or allow it to be paid in full?
I was just wondering what happens if one of your immediate family members dies and they have a car on finance? Is it down to the family members to pay the finance? Let's assume the person has no spouse, only siblings/ parents.