Car Finance

mardatha

Does anybody know what happens if somebody takes out finance on a car and then that person dies... can you hand the car back or will the lenders pursue family members for the payments?

forgotmyname

If the person that passed away has assets that should be used to settle the debts.

So handing the car back maybe. But if anything is still outstanding then it should be paid from the assets.

If they had no assets then obviously it cannot be paid. As long as nobody elese guaranteed the loan it will go unpaid.

mardatha

Ok thanks !