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Can you still owe money after your car is repossessed?

Answer:

Yes, your car will be sold and if the price they sell it for is less than the balance left on the loan, plus the repossession fees, you will be responsible for that difference and will have to pay it.

Contributor:

Clay

First answer by ID3636049274. Last edit by Clay. Contributor trust: 4946 [recommend contributor ]. Question popularity: 376 [recommend question].

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