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In a terrible vehicle-related bind.
In a terrible vehicle-related bind. My friend owns a vehicle that is almost unusable due to engine failure. His payoff amount is $28k, and the trade-in value is $4k. The warranty will not cover repair because the engine failure is due to lack of maintenance. He tried to purchase a car for $13k but could not get a loan because the payoff amount is twice as much as the new car is w...
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