Death of immediate family member with car on finance

Death of immediate family member with car on finance

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PumpkinSteve

Original Poster:

4,105 posts

157 months

Sunday 29th July 2012
quotequote all
This is just a general query, no-one has actually died wink 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.

PumpkinSteve

Original Poster:

4,105 posts

157 months

Sunday 29th July 2012
quotequote all
R1 Indy said:
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.