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4

You asked a few questions, Does anyone have any idea about this? Is everything right here? Any gotchas that I need to be aware of? It's hard to answer those, because we're getting your description of the proposed deal, and that inherently leaves some gaps. If we take a step back, and ignore whether or not the seller is getting taken advantage of by the ...


4

They aren't transferring the loan. The situation is that the owner of the car is upside-down on their loan. That means they owe more money than the car is worth. Lender N is willing to incorporate this deficit into the loan they are offering for the new car. for example: original price of car 20K original loan balance 18K current loan balance 15K value of ...


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