Car lease

cessna

Hi all - my mum recently passed away. She lived in a small remote village and was full time carer for my brother. She had a car on a lease agreement. I flew up the day after her death and have been using the car, I advised the insurance people and called the people she bought the car from and asked if I could continue to use it and they said yes. I also asked what options I had one of which was to buy the car for approx £9500 or hand it back now and pay £2k. I also mentioned that I understood that there would be a pint at which I could hand the car back and not pay anything which would be about 5-6 months from now. So this would be my best option financially as I can continue to use the car to that point - I really need one here for getting around to shops for food etc - there are no food deliveries here and I need to take my brother to various medical appointments. I normally live in England and the house is in Scotland. Anyway I just received a letter from the car finance people and they have said I have 4 choices, pay the £9500 (I don’t want to pay that amount)  sell the car to pay back the outstanding amount (its value would not cover the £9500) , so not an option, take on the agreement or pay £950 and hand it back now. Not sure why it’s £950 now. I told them what I had been told by the showroom and they said that I’d have to take on the agreement and then i could only hand back when I’ve paid 50% of the £9500, so the 6 month clause my mum had wouldn’t apply. Now they say that I’d not have to pay it but the estate would, however the estate is essentially money for my brother and myself so we would be paying it. I am not au fait with car lease agreements hence the query. Ideally I’d like to keep paying the monthly fee for 6 months and then hand it back. This would allow me to deal with affairs (one of which is trying to figure out how to organise future care for my brother) and hopefully lock down would have ended so I can go and look for cars, test drive them etc. Has anyone else been in the same position?  I’ve posted on the loans and death forums too

AdrianC

Right now, your mother is the lease customer. Obviously, that can't continue...
By taking on the agreement yourself, you're changing the customer to you. It would be your lease, your car.

The dealer she bought the car from are not the authoritative ones on the finance - they should have just advised you to speak to the lease company directly.

TadleyBaggie

Are you sure it is a lease and not PCP? Buying the car is no usually an option when leased.

macman

As stated on your other duplicate post, it's not a lease but a PCP.

Indout96

The estate is responsible for the outstanding debt and the executors are responsible for paying it in the most efficient way therefore the best option would be to return it and pay the outstanding fee.
Which ever way you choose you will need to advise the executors as it will need to be taken in to account.