Not sure if this is the correct place to post but my mum needs som help. My dad is going to pass away in a few months we are all devastated as we only found out he had lung and liver cancer last month. He can't drive, so needs to send his car back to the garage where he bought it on finance.
The finance company told me that the loan is against my dad and not the car so we can sell the car privately to pay off the loan. (But it's 15,000) dad only got it two months ago before we knew he was poorly.
The car company said they will buy it back but for trade price and my mum would need to pay the shortfall in full which she can't do. The car company said its because they can't sell the car again while there's finance on it.....but like I said the finance company told me the loan is against my dad and not the car so does this mean if the car company buy it back and there's a shortfall that my mum could pay it off monthly?
Hope this makes sense?