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New car/Deceased Owner

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A

aaronyoung

Guest
This happened in Missouri.

My girlfriends mother and step-father just purchased new cars in November 2001. Unfortunatly her step-father passed away. He hadn't even made a payment, because they are not due until the end of December. What are her options? The dealer suggested that she do a volutary repo. Wouldn't this greatly effect her credit rating? The dealer also suggested that she could sign a paper that will allow them to sell the truck for whatever they can get, and then she would be responsible for the difference. She is not looking for money. She can only afford her car payment alone since half the income is now gone, she just wants to get out from under the debt for the truck. Is there anything else she can do besides the 2 fore mentioned suggestion fromt he dealer. Thankyou for your suggestions.
 


vrzirn

Senior Member
Try to sell it herself. The dealer will sell it, take his profit, again, and she will have a large debit. and no truck.
 

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