ANSWERS: 2
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Not sure what you mean when you say "Turn it in." If you own a vehicle you can do what you want with it including reselling it or trading it. It is wrecked, then the car has no value. You would get nothing for it and you would still need to repay the loan.
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Do your mean turning in your wrecked, liened vehicle, to the lien holder? if so, just because the vehicle is wrecked does not forgive you of the balance owed. if your vehicle is undriveable and parked in your backyard, the monthly payments are still due. not having full auto insurance coverage has nothing to do with your balance owed to the lienholder. the lienholder will let you know this......in a hurry.
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