Summary
Many car buyers get trapped by bad loans — high interest, inflated prices — and end up stuck with vehicles they can’t afford. MotorBiscuit highlights how one driver, saddled with an 18% loan and hefty insurance, owed significantly more than the car was worth. To escape, experts recommend taking out a lower‑interest personal loan, using it to pay off the car loan and get the title, then selling the vehicle. Avoid options like refinancing, voluntary repossession, or stopping payments — all of which can have serious financial consequences.
Motor Biscuit
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