- NEW!
by john pennington on November 20th, 2009
Best bet is to take your question to the finance company.
If you qualify, the finance company may allow you to continue the payments, but the paperwork would also have to be changed, in order for you to register the car and for auto insurance.
As it stands now, everything associated with this vehicle is fraud, since the contract-registered owner is deceased. the finance company may also take immediate possession of the vehicle, depending on all the circumstances involved.
If you are involved in an auto accident and you're at-fault, you could be arrested and held liable for all damages as well as losing all your assets and for fraud, in a civil lawsuit.
by level headed on November 20th, 2009
If your name doesn't appear anywhere on the contract I would say yes. When the car is paid in full you will be given the Title to the car which will have your name on it and a release from the finance company. If the person is deceased you can't legally register the car. You can try to negotiate with the finance company and have your name added to the contract.
Is it legal to transport propane tanks in Arkansas?
by Answerbag Staff on August 23rd, 2010
| 1 person likes this
Do UPS drivers lose their jobs if they are arrested for a DUI?
by Answerbag Staff on August 21st, 2010
| 1 person likes this
Is there a law for driving insurance for a non vehicle owner?
by Answerbag Staff on August 20th, 2010
| 1 person likes this
Is it illegal to turn the yellow line?
by XT on July 3rd, 2011
| 1 person likes this
using an agricultural(classG)licence and registered farm vehicle in NJ; would I be able to drive solo on farm business on public roads.At 16
by specialKo on June 15th, 2011
| 1 person likes this
You're reading If person dies and family member take over car payments but is not co-signer can lending company still repossess car even though payments are current on car.
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments