Video Summary
Who gets a deceased person’s automobile when it has a loan against it. The same persons that would receive the automobile, if there wasn’t a loan on it, and whoever is the beneficiary, whether that be the children, the spouse, or someone that they left to under the will. They would be entitled to the title, to the automobile, and it would be subject to the loan. So, what my experience has been whenever someone wants to keep the automobile, we, advise them the best thing to do is to go ahead and pay the lean off so that we can obtain the title and have the title removed, and then they can be placed into their names. So that is the practical approach on what to do about, automobiles with leans against them. Whenever you have automobiles under leases, it’s even a larger problem. If you have any questions, give me a call. It’s (727) 847-2288.