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Be careful...If you assighn the original payments to a new buyer, you may still be responsible...I sold a car that I still owed money on by getting the new buyer to accept a contract for the vehicle pending a clear title...The buyer agreed to pay me the ($2000) owed, as a down payment on the $2500 sale price. I then sent the $2000 to the holder of the loan to pay off the vehicle and get the title. The process took about ten days and of course the buyer of the car was agreeable and kept in the loop so he knew what was going on.
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