Results 31 to 37 of 37
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May 29th, 2016 03:01 PM #31
Isnt there a mortgage chattel taken on the lease? If so, the the loan is settled and the car ia fully paid up.
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May 29th, 2016 03:44 PM #32
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May 29th, 2016 07:42 PM #33
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May 31st, 2016 08:44 PM #34Thank you dr d. yung naka saad po sa contract , pag na default yung lessee which in this case patay na yung lessee. ang nakalagay sa contract pag na default is either yung remaining balance ng rent shall become due and payable. The lessor (toyota financing services) shall have the option to cancel the contract upon default by the lessee at ibabalik yung sasakyan sa toyota sa expense ng lessee. Question po, transferable ba yung lease to the heirs of the lessee?
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June 3rd, 2016 11:08 AM #35you are the required heir! it can not be removed from you just like that. but if you do not put up with the payment within the allowed time frame, that would be akin to giving up your right.
it means, should the leesee die and the legal heirs do not step up to settle the unpaid amount, the car defaults to the casa.
bilisan nyo po! baka ma-remata...
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June 3rd, 2016 06:29 PM #36
Now leasing is an entirely different story. Ownership is not transferred until the lease contract is fulfilled (assuming this is lease to own). You need to talk to Toyota and assume the lease.
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February 18th, 2019 02:24 PM #37Hi, guys! Newbie here but maybe you have an answer to my question. We got a car from Toyota financed by BDO for a five year contract named after my dad and my mom signed as a co-maker. Although, a year after my dad died but we still continued to pay for it since my mom didn't want any bad record under her name. However, after paying off the car loan, BDO denies issuance of the car's OR CR because of my dad's outstanding credit card balance with BDO. Is this legal? Is our asset tied with my dad's credit card balance? Thanks for the replies
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