My Mom helped get me a car and it's in her name but I make the payments. Insurance is in her name and mine. If something happens to her before the car is payed off what happens to the car?
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Anonymous
ANSWERS: 2
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She should have a will drawn up. It will go to her estate unless she specifies it is left to you.
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Talk to her and to the agency handling the financing. There are programs that will eliminate the debt in the case of accidental death, canceling the debt, and allowing the primary beneficiary to keep the vehicle. You will most likely have to add additional coverage to your car note, but it is worth it.
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