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California Car Exemption: Retail or Wholesale?

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    California Car Exemption: Retail or Wholesale?

    Borrowed $24K from my dad to buy new Honda in 2007. KBB value now $22K, still owe Dad $11K. Pink slip is in my name so it looks like I own car outright but I can prove monthly payments to Dad and have a Promissory Note for the loan. What will Trustee do? Thanks.

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