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If car was totaled does signing title back to lienholder give you relief from upside down loan?
Wiki User
∙ 14y ago
If the leinholder agrees to give you relief, then I suppose yes. But when you borrow money from someone you have to pay them back, even if what you bought isn't worth what you owe! If you want to protect yourself when your car is totaled, you need to buy good insurance.
Wiki User
∙ 14y ago
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Your car was totaled in an accident while parked the other driver is at fault you are upside down in your car loan so the payout goes to your lienholder How do you get another car who is liable?
a fast car that you race with
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