Can you sell a car that is registered to someone that is deceased and still financed?
The vehicle was financed by and registered soley to my husband so I am the executor/personal representative of the estate. I'm hoping to trade it in along with my other car for another vehicle.
- babyboomer1001Lv 76 months ago
No, because you do not own the vehicle and either did the deceased. You cannot legally sell it until it has been paid off. If you don't want to pay it off, turn it in to the lender, and tell them X died, and supply a certified copy of the death certificate.Source(s): Certified Paralegal, with 25+ years' experience.
- NeverLv 77 months ago
Only if you are the executor of the estate or have proper paperwork and pay off the remaining balance concurrently.
- Jedi JanLv 77 months ago
The finance may have a death benefit associated with it, meaning the loan is assumed as no longer owing. Check the contract first and ask your legal representative or finance company for advice. They will probably say surrender the car to them which is usually the least financial best thing to do. Find out what is owing first before making any decisions. Could be that you have inherited a large debt and not anything of real value. Certainly don't try to sell it as that is actually fraud if you are not the registered owner.
- Anonymous7 months ago
No. Money is still owing on the vehicle. That must be paid first. Then you get the title "free & clear of outstanding debts" With the title, now you can sell the car. They will help you navigate through this confusing process.
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- Obi Wan KnievelLv 77 months ago
Not unless you're the executor of the estate and the vehicle is free and clear of any liens.
- ScottLv 67 months ago
No, because it is financed the lender has placed a lien against it and you can't sell it. This is a matter the executor of the deceased's estate will have to resolve.
- BillLv 67 months ago
the car will be listed in the estate and can only be sold by the excutor of the will
- DimoLv 57 months ago
The car is now owned by the estate of the person that died.
- Simpson G.Lv 77 months ago
Yes. If you’re executor of the estate, you can liquidate personal items to pay debt.
This means you can sell the car to pay off the loan.
If the estate chooses not to, the financing bank can elect to repossess the car. The original seller, if a dealership, can elect to take the car back and essentially cancel the loan.
- 7 months ago
No the bank will get it and it’ll be auctioned