What happens when a person who is financing a car dies, does the next of kin keep the car and not have to pay?
-
-
Answer:
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.
johnval_corley at Yahoo! Answers Visit the source
Other answers
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.
WebtvDan
bs_galactica_wannabe
bs_galactica_wannabe
Related Q & A:
- What happens if you don't pay for a magazine subscription?Best solution by Yahoo! Answers
- What happens when a car is written off?Best solution by eHow old
- What happens when you have a hernia?Best solution by ChaCha
- What happens when you report a photo on Facebook?Best solution by Amazon Askville
- What happens when you cancel a debit card?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.