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if i owe more than what my cars worth. how much money would i get, if i used my car as collateral?
if i owe more than what my cars worth. how much money would i get, if i used my car as collateral? without going into too much details. i owe roughly 11k on my car loan & according to Kelly blue book my cars only worth around $6,000.. so my question is, if i were to find a reasonable loan offer with a lower interest rate and used my car as collateral. (for example let’s say i got a loan for $12,000) would i only get the difference from what m...
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