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On ANY repo, you pay the balance due AFTER the car is sold. Payoff = 5K, car sells for 2k, fees = 1K, you owe 4K.

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โˆ™ 2015-07-15 18:40:13
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Q: Do you pay what is left on the loan or what the lienholder sells it for on a voluntary repossession of a car?
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