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    • mardatha
    • By mardatha 6th Dec 17, 10:00 AM
    • 14,180Posts
    • 132,468Thanks
    mardatha
    Help re Car Loan
    • #1
    • 6th Dec 17, 10:00 AM
    Help re Car Loan 6th Dec 17 at 10:00 AM
    The only debt we have is a car from Vauxhall Finance, in my husband's name. If he dies before the end of the repayment term then can they come after me for payment? We have a joint bank acc but the car is in his name only. I would be left on basic pension plus pension credit - so no spare money available at all. I am not sure if this is a personal loan or HP though.
Page 1
    • zx81
    • By zx81 6th Dec 17, 10:04 AM
    • 14,411 Posts
    • 15,210 Thanks
    zx81
    • #2
    • 6th Dec 17, 10:04 AM
    • #2
    • 6th Dec 17, 10:04 AM
    The debt is in his name, so would be settled from his estate. You wold have no personal liability.
    • mardatha
    • By mardatha 6th Dec 17, 10:46 AM
    • 14,180 Posts
    • 132,468 Thanks
    mardatha
    • #3
    • 6th Dec 17, 10:46 AM
    • #3
    • 6th Dec 17, 10:46 AM
    TY zx81. So his estate would mean that I could sell his M/C to settle the debt ? And they would wait for that? And thank you.
    • zx81
    • By zx81 6th Dec 17, 11:27 AM
    • 14,411 Posts
    • 15,210 Thanks
    zx81
    • #4
    • 6th Dec 17, 11:27 AM
    • #4
    • 6th Dec 17, 11:27 AM
    By M/C, do you mean the car? Possibly, but it may be that Vauxhall would simply take it back. Given the circumstances, that may be the end of the matter.

    They will wait a reasonable amount of time - they would just need to be told that they will be paid once the estate is settled, if there is sufficient remaining.

    Your executor/solicitor would help you with the process.
    • mardatha
    • By mardatha 6th Dec 17, 1:19 PM
    • 14,180 Posts
    • 132,468 Thanks
    mardatha
    • #5
    • 6th Dec 17, 1:19 PM
    • #5
    • 6th Dec 17, 1:19 PM
    Sorry no I meant his motorcycle. But that is helpful re letting me know how things work, thanks
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