What happens to a car loan when the buyer dies? | NC

About this video

Q: What happens to a car loan or financing agreement when the buyer dies, and who is responsible for payments? A: The loan usually does not go away when the buyer dies. If there is a lien on the car, the lender can still enforce its rights against the vehicle. Family members are not automatically personally responsible just because of the death. But a co-signer or joint borrower may still be…