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This however, also depends on the legal limits of the state as to how much down payment can the lender ask for.
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As a matter of fact when the loan is paid back fully, the papers are returned to the owner of the vehicle.
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Sometimes it might be better to wait a bit (like 6 months to a year) and work real hard to 'fix your bad credit' - and then you can get "normal financing" at a "reasonable rate.
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