I have a car that i owe 24k can i sell it for 15,000 as a loss and still get approved for another ca

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Okay, here is the deal. If you have a loan on a car for $24k and you sell that car for $15k, you still owe the bank $9k and will be held accountable for that balance. As far as getting another loan, if you default on the $9k balance you will not get approved by most dealers for a loan. Your credit score will go down because you are a high risk.



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