To make a long story short, I need to sell my MIL's vehicle. I am her financial POA, she cannot afford the vehicle payment and insurance. She is also declining more quickly than we could have thought. She has not registered or inspected the vehicle for the past two year. (No, this did not stop her from driving it. Yes, we have talked to her multiple times about it.) She also never renewed her DL. However, as you can imagine, she is quite attached to the vehicle for the independence it represents. That being said, her doctor has advised that she not drive until May, when she is re-evaluated by her neurologist. I have my doubts that she will be living independently much past May anyway. In the meantime, she literally does not have the money to make the payments.
Here are the options we have considered:
1) Let the bank take it.
2) Try to sell private party.
3) Try to sell to a dealer.
Here are the issues we are running into.
1) She has not maintained the vehicle. I believe the last oil change was three years ago.
2) Before we took her keys, she had a habit of backing into things. So there is some body damage and unknown damage to the underneath from when she ran over large rocks in our yard. We really have no way to determine the extent of the damage done by her driving and/or lack of maintenance.
3) She doesn't want to get rid of the vehicle.
If it helps, the vehicle is Hyundai SUV, a smaller one, though. I don't remember the exact name. I don't remember the year of the vehicle, but I think its 2015 or 2016. Of course it has low miles, because it was driven by a little old retired lady. However, it has unknown damage/issues because it was driven by a little old retired lady. It probably has 7k-10k in equity (she owes less than $6k), but that's assuming a vehicle in way better condition than hers.
The situation with my MIL is so overwhelming, and I would love any advice!
