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Car accident attorney

Matt Troutman

What Are My Options If My Car Was Totaled But I Owe More Than It Is Worth?

The average cost of a new vehicle in April 2015 was $33,560, according to USA Today. Unfortunately, most new vehicles depreciate in value by 20 percent after the first year. If you still owe money on a car loan but your vehicle was totaled in an accident, it is important that you learn the financial implications of your situation and take steps to protect your interests.

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