what happens when a person who is financing a car dies,

johnval_corley · 07-19-2008, 11:36 AM

does the next of kin keep the car and not have to pay? my father died and he finances his car from ford credit and i want to keep the car do i have to continue making payments

WebtvDan · 07-19-2008, 07:23 PM

If he purchased ‘credit life insurance’ from Ford you will receive the car without debt. Ford Motor Credit does not want the car back. If you have been making payments on time all along (called a straw-buy in the business) and have cancelled checks to prove this - contact Ford and ask to have a loan in your name. Or you could just continue making payments until the loan ends. (Ford Motor Credit does not want the car back!) Ford will mail the Title to the address the car is registered to. If you do not continue making payments Ford will repossess the car.

gwo12212 · 07-20-2008, 03:22 PM

http://info.com/

07-19-2008, 11:36 AM	#1 (permalink)
johnval_corley Junior Member Join Date: Jul 2008 Posts: 1 Diggs: 0 My Profile Profile Last Updated: 07-19-2008	what happens when a person who is financing a car dies, does the next of kin keep the car and not have to pay? my father died and he finances his car from ford credit and i want to keep the car do i have to continue making payments

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

07-19-2008, 07:23 PM	#2 (permalink)
WebtvDan Junior Member Join Date: Jul 2008 Posts: 1 Diggs: 0 My Profile Profile Last Updated: 07-19-2008	If he purchased ‘credit life insurance’ from Ford you will receive the car without debt. Ford Motor Credit does not want the car back. If you have been making payments on time all along (called a straw-buy in the business) and have cancelled checks to prove this - contact Ford and ask to have a loan in your name. Or you could just continue making payments until the loan ends. (Ford Motor Credit does not want the car back!) Ford will mail the Title to the address the car is registered to. If you do not continue making payments Ford will repossess the car.

07-20-2008, 03:22 PM	#3 (permalink)
gwo12212 Junior Member Join Date: Jul 2008 Posts: 1 Diggs: 0 My Profile Profile Last Updated: 07-20-2008	http://info.com/

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)