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How to Get Out of an Upside Down Car Loan

How to Get Out of an Upside Down Car Loan 1. Find out how much your car is worth The very first step you need to take is to find out how much your car is worth. You can use sites like Kelly Blue Book or Edmunds to determine the amount of your car’s current value for free. To get an accurate valuation, be honest about the condition of your car and enter the exact mileage. 2. Get updated on the balance of the loan Contact your local bank or loan company to find out the “payoff” balance of the...

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