Dear Terry, My sister's husband just passed away. He had a leased car in my sisters' name because of her good credit. She is unemployed and has no way to make the payments on the car. Can she return the leased car and not be held liable for the unpaid balance? -- CarlosDear Carlos, Your sister should contact the leasing company and explain the situation. Based on what you've said here, the leasing company can hold her responsible, since the lease is in her name. But the circumstances here may move the leasing company to bend somewhat. This week•Used car buyers get less and pay more•Can I return my car without wrecking my credit?•Which county determines the sales tax on a car?•What if you just can't meet lease payments?If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter advertisementRelated Links:7 best off-to-college carsNational auto loan averagesWhat changes auto loan rates?Related Articles:All new cars for 20105 steps to 'clunker' dealTake the 'cash back?'
Dear Terry, My sister's husband just passed away. He had a leased car in my sisters' name because of her good credit. She is unemployed and has no way to make the payments on the car. Can she return the leased car and not be held liable for the unpaid balance? -- Carlos
Dear Carlos, Your sister should contact the leasing company and explain the situation. Based on what you've said here, the leasing company can hold her responsible, since the lease is in her name. But the circumstances here may move the leasing company to bend somewhat.
If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter
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