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Buying a car from family — Personal loan or car loan?
Buying a car from family -- Personal loan or car loan? My car just got totaled in an accident. (Everyone is okay.) My insurance payout is $0 because I only have minimum/liability coverage. I'm going to buy my mom's car from her for approximately $10,000. The car is really worth closer to $14,000 according to Kelley Blue Book. I will need to take out a $10,000 loan to pay her. I am a student right no...
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