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What is the difference between a normal auto loan and a title auto loan?
Wiki User
∙ 12y ago
With a title auto loan, your vehicle has already been paid off and you are using it as collateral for a new loan sometimes referred to as a cash advance. A normal auto loan is dedicated to the new or used vehicle and the funds normally are not used for anything else unless financed within the loan ie. warranty.
Wiki User
∙ 12y ago
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