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![]() If there was a cosigner on the lease, it’s usually the cosigner's responsibility to pay off the lease since they are tied to the contract’s financial obligations. Instead, the specific contract and who’s responsible for the vehicle lease typically determines what can and does happen if the lessee passes away during the lease term. When somebody passes away with a leased vehicle, the leasing contract generally doesn’t automatically terminate because of the death. If you can transfer a car lease after the lessee dies Who is responsible for paying your car lease when you die Who claims ownership of a leased car after someone passes For this reason, it’s important to learn what steps to take when a family member or loved one passes away with a leased vehicle. Usually, debts and leases don’t expire or automatically terminate because someone passes away. While some car leases offer early termination due to death, most leases still require full payment from the descendant’s estate or a cosigner on the lease. Therefore, the lease does not end just because somebody passes away. If somebody with a leased vehicle passes away, the lease’s terms are still in effect. ![]() ![]() Car leases have grown in popularity over the past decade as people want to lease a new car for a few years and then return it for a newer model.īut what happens to a leased vehicle when someone dies?
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