Out of the woods, please give me some advice, guys.
This April, I bought a domestically produced car. The down payment was 1.6 million yuan and the mortgage is 5.5 million yuan. The price of the car at that time was 5.2 million yuan. At that time, I had a dream that my business would be prosperous and I could buy more cars. However, the landlord said that he wanted to raise the rent by 2.2 million yuan per year, which made me very angry. He actually wanted to sell it for 4 million yuan per year, but I couldn't refuse his offer because my family has relatives who want to take over this place. As a result, I had no choice but to close the store and give up on buying a car. I have been carrying the car with me since then. My city's license plate limit also caused me to delay getting the car registered in time. In order to avoid exceeding the three-month period, I applied for a temporary license plate and used them until they expired. Later, I went to apply for a local license plate, but when I looked through the file, I found that the vehicle registration certificate had disappeared. I asked the leasing company and was told that it had been lost in their hands. By that time, I had already fallen behind by one month. The leasing company said that I needed to clear the debt before I could register the car. Finally, after three months, I still hadn't cleared the debt. The purchase tax hasn't been paid yet either. I managed to get a copy of the vehicle registration certificate from a black market seller, so I planned to go back to the local license plate. However, I realized that I had to pay off the loan first, as well as the money spent on the purchase tax and the money spent on purchasing the vehicle registration certificate. If there were any extra money left, I could open a small business to make some profit. Now, I am really confused about whether or not to sell or pawn the car. Since I haven't driven the car, I can't decide if I should sell it or pawn it. Because I need to pay off the loan and the purchase tax, and I don't have enough money to open a business.
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