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What Is a Debt Cancellation Agreement When Buying a Car? | Hidden Add-On Costs Explained

A debt cancellation agreement is an optional add-on that wipes out some or all of your remaining auto loan if a covered event happens, like a total loss or theft. You’re signing papers, the finance office is moving fast, and then a new line item pops up with a name that sounds comforting: “Debt Cancellation

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