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doing what you suggest will only dig your financial hole even deeper. You are obligated to pay the balance owed on the loan. You will owe that amount until you pay it off or declare B/K. Dont listen to the car salespersons hype. they ONLY want to sell you a car, not correct your bad credit rating.

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Q: If you owe more on your car than it's worth can you turn it in and lease a car and recover some of your money on that lease?
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