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Old 06-23-2018, 08:22 PM   #4
Windycity
 
Drives: Yellow 1le
Join Date: Jun 2015
Location: Chicago
Posts: 223
Negative Equity Question

You will not get a car loan like That for multiple reasons first of which you will not find a $2000 beater on any sort of dealers lot because any dealer that has new vehicles will hand over a beater to an auction house to get it off their lot because they will not try to sell a piece of junk on their lot

Plus I doubt that you will get financing for that much over the value of a beater car because finance companies don’t want to get screwed out of the money

You can avoid this hassle by putting enough money down on the car to begin with or start making double payments to get the Pay off amount closer to the value of your vehicle.


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