Can I keep the family vehicle after my spouse's death?
Question Details: My husband died and the car was in his name. I informed the finance agency of his death. I made 2 more additional payments on the vehicle. Now, the finance agency has taken the vehicle. Is there a way that I can keep the vehicle if I keep paying on it? Should they have taken my money if they knew they were going to take the vehicle?
1) They were entitled to take your money for the time you actually had and were using the car; there is no right to hold onto a car without paying for it.
2) Because the car was not in your name as well as your husband's, when he passed away, the full amount due on the car became due; debts become due when the debtor passes away. You should have had the option to pay the remaining balance due on the car all at once (in a lump sum); however, since you were not the person on the loan, the finance agency was not required to let you keep paying on it monthly--not being on the loan, you had no contract (a loan is a contract) with them. Your only option to keep the car would have been a lump-sum payment.