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Reply to "How to get out of debt!"
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[quote=Anonymous]I don't get all of the "sell the car" posts. The loan is almost certainly underwater. OP would have to deal with that and also have to deal with higher maintenance costs of an older, replacement car, which will likely need to be replaced sooner, anyway. Assuming that she actually needs a car, selling it probably won't make a big improvement in the situation (of course, if it does, she should sell it immediately). Her cost to drive per mile over the next decade will likely barely change. I could be convinced otherwise if this is a car with a high resale value and the loan is not underwater.[/quote]
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