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This kind of transaction would be called "assuming the loan". If you owe more than the car is worth, you're "upside down" on the loan. On the good side, if the damage isn't too bad, you're asking about dealer auction price for the car. A decent deal for someone besides me. :bounce:
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2009 Corvette Z51-SOLD
1992 Mitsubishi Eclipse GSX-SOLD
2013 BMW Z4-Current summer hooptie
2017 GMC Yukon-Current winter hooptie
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