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Posts Tagged ‘Lein’

 

Trade car in with a personal loan lein on it?

Saturday, March 21st, 2009
kevin R asked:


Have a car I’d like to trade in (paid older car), but a few years back I got a personal loan and used my car as collateral. Can I trade my car in? Will the dealership pay my lein off and maybe add it to the new car? The loan was $1500 and I don’t have the money to pay the loan off in full (it’s in default)

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