My mother leased a BMW three years ago, in her name only. Unfortunately, she passed six months later.

We continued to fulfill her obligation to BMW, without informing BMW of her death. I understand that is a violation in itself according to BMW's lease policy, but let's ignore it for now.

Fast-forward to today; The leased vehicle is due for turn-in in Oct. I will hopefully be closing on a home in Oct as well and need all the cash I can get my hands on. I haven't paid the final two payments on the BMW because of this, which means I owe roughly $1100 to BMW right now. There is no money in her estate to sue for, so I am almost considering just doing a voluntary repo. What's the worst that can happen?

Any suggestions would be appreciated.

You can't voluntarily let something go that you are not obligated to pay for. (or so to speak)
I don't really think this is the appropriate forum for the question, since we deal mainly with acquiring automobiles here instead of giving one back. Do you wish this moved to the main credit forum?

That's understandable. I apologize for the confusion.

Yes, please move it.

Thanks

Done and a big bump for you.

Hope you get lots of help!!!!!!!!!!!!

I would imagine the worst that could happen is the car gets repo'd, her credit gets dinged... which is moot since she's passed and is essentially unaffected... and nothing happens to you one way or another. Well, you'd free up some monthly money, but would also have one less vehicle to drive.

If you were to pay the money you'd have to turn the vehicle back in at the end of the lease anyway. I seriously doubt they'd let you purchase it under the original contract. You'd have to start all over.

Keep in mind, just my best guess.

This is my same logic.

We weren't interested in purchasing it and the lease is up. MarvBear made a great point that I don't even have the authority to do a voluntarily repo. I should just drive it up there and drop the keys off at the front desk and bounce. After all, I'm in the wrong no matter how I slice it because I can't sign off on the lease either to turn it in.

Couldn't you just leave it in the driveway until they show up to take it?

yes you can