answersLogoWhite

0


Best Answer

The estate has to resolve all debts. If there are co-signers to the car loan, they may be held accountable. If there are not enough assets to pay off the loan, the car will have to be sold.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Who is responsible for car finance after death?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

If the finance company has repossessed your car and you have filed and been discharged in chapter 7 bankruptcy in Kentucky who owes the property tax for the current year on the car?

You do. You were in possession of the car. The car was registered to you. Until the car is sold, you are legally and financially responsible for it.


Does it take long to finance a car?

It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.


Who is responsible for budgetary control?

It's the Finance Ministry who is responsible for budgetary control. The Ministry is assisted by Finance Secretary,Central Bank, Planning Commission. But the overall responsibility is bestowned upon the Finance Ministry.


Who is responsible for the loan if a person has died and when the car was purchased finance insurance was not offered?

As far as I know, in Texas, the son is not responsible for the debts of the father. In other words, no one HAS to pay it off. But, the seller has the right to repossess the car. But, they can't make relatives or anyone pay for it. !


Difference between Finance Manager and Marketing manager?

Finance manager is a person who deals with the finance decision of an organization.his responsibilities are decision on providing finance,keep check on finance activities. while marketing manager is responsible for marketing the organizations product,services to attract customers. Finance manager is a person who deals with the finance decision of an organization.his responsibilities are decision on providing finance,keep check on finance activities. while marketing manager is responsible for marketing the organizations product,services to attract customers. Finance manager is a person who deals with the finance decision of an organization.his responsibilities are decision on providing finance,keep check on finance activities. while marketing manager is responsible for marketing the organizations product,services to attract customers.

Related questions

Can you finance a car for someone else?

Yes, but you are responsible for that loan until paid or transferred.


If you give a car back to your finance company are you responsible for negative equity on the car?

Yes - unfortunately you didnt borrow a car, you borrowed money. Your car has depreciated faster than you have paid off your loan it is your responsibility to pay the rest not the finance companies.


Authority of finance manager?

A finance manager is responsible for everyone in the finance department. They are also responsible for creating budgets for the organization.


Do you have to pay the finance company if the tow people sell your car?

Yes, the loan from your finance company is a legally binding contract between you and them. You are solely responsible for the fulfillment of that loan.


If your new car was declared a total loss in an accident are you still responsible for paying the finance charges?

Yes if the amount your insurance company paid did not cover the amount you still owed on the car. You are still responsible for the difference.


Can you finance a car with no credit?

its very difficult to finance car with no credit if you have some bad credit then you have chance to get car finance.


If the finance company has repossessed your car and you have filed and been discharged in chapter 7 bankruptcy in Kentucky who owes the property tax for the current year on the car?

You do. You were in possession of the car. The car was registered to you. Until the car is sold, you are legally and financially responsible for it.


Does it take long to finance a car?

It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.


Return a finance car to the lender?

My car was crashed and I lost my job. How do I return the finance car to the lender?


How do i find out if a car as still got finance still owing on it?

You must be aware of a vehicle's finance status before making a purchase. In the case where a car has outstanding finance and the person responsible for the debt defaults on their loan after you've bought the vehicle, the finance provider can seek to repossess it from you.Although you can't inherit the loan of the debtor, you would risk being at the total loss of the money paid for the vehicle. So through full car check at car analytics website, you can get the financial details for your car.


Dealership can not finance car do we have to give it back?

find out another dealer who can finance your car.


How can you get your car back Tucson police impounded it due to suspended license and no insurance plus you owe 4 payments to car finance company this car?

This is a real easy one. PAY EVERYBODY WHAT YOU OWE THEM. I would suggest that you pay and get it out of impound as soon as possible. The storage fees will build up every day and you will be responsible for them whether you pay them now or if the finance company has to pay them later in order to repo the car. You will be responsible for all legal fees, storage fees, and any other costs that the finance company has to pay to get the car back so I would do it as soon as you can in order to keep them as low as possible.