So my father just recently passed and my sister and I are helping my mom with everything. They have two vehicles, 1 they own out right and a leased 2020 F150. Both only in my dad’s name. My mom will be keeping the SUV as it was her daily driver, but she has no need for dad’s truck. I live in the city so I have no want to take it.
We looked over the lease and there seems to be no early termination upon death of the lessor. Given the condition of the vehicle (pristine with only 6k miles) we actually were thinking it may be likely that with price spikes on used vehicles that mom might make out in buying out the lease and selling it.
Are we off base here? Does anyone have any experience with similar situations?
Thanks in advance.