My father in law helped my wife to purchase a car financed by him through MFC. Unfortunately he passed away September 2012. My wife contacted MFC and came to a verbal agreement that she will carry on paying the instalments until her fathers estate is settled. Mid November she gets a phone call from the bank that they are repossessing the car. No money in arrears? Verbal agreement? Today the administrator of my late father in law's estate emailed my wife that MFC are going ahead with the sale of the car as they are not willing to wait any longer for the finalising of the estate. What happens to the 2 instalments my wife paid after her father's death? The email clearly states that any money outstanding after the sale of the car is for the estates account. Carte Blanche had a story about MFC/Nedbank employees buying repossessed cars for low prices and re-selling for profit! Warning lights! To make matters worse her father's will states that after the estate is finalised she inherits all his vehicles accept the one with the most value. As things stand now she will get nothing. Not even cash because of MFC's policy or? Her father's wish won't become a reality. Make things happen?!
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