If you can t repay the car loan, can you leave the car?

In fact, a car loan is not the same as voluntarily giving up a car, after all, the lending institution lends money to the loan to buy a car, not directly lends the car, and the borrower owes the lender money instead of the car, which must be clear.

Extended information: Many people may say that when they took out a loan, they had already mortgaged the vehicle and mortgaged it to the lending institution, so it would be okay to just give them the car to deal with. It seems to be right, but don't forget, the loan car is a second-hand car when it is auctioned again, and a second-hand car is not like a second-hand house, and it will definitely depreciate compared to a new car, so it does not mean that the bank can sell the car and get a loan smoothly.

If the money after the auction is less than the loan amount, the lender will still ask the borrower to repay the money if the money is not enough. Obviously, it is not a very cost-effective way to voluntarily give up the car without paying the car loan, and the important thing is that it will affect personal credit because of the failure to repay the loan.

If you can, you can borrow money directly from relatives and friends, pay off the car loan first, release the mortgage, and sell the car before repaying the money; Or find a person who wants to buy a car, ask them to pay a down payment to repay the loan, pay off the loan, release the mortgage, and then transfer the ownership of the car.

And get the car payment after deducting the down payment.

In this way, the vehicle can be disposed of without affecting the credit, and the loss can also be reduced, which can be said to kill two birds with one stone.

A car loan is a loan issued by a lender to a borrower who applies to purchase a car. An auto consumer loan is a RMB guaranteed loan issued by a bank to a car buyer who purchases a car at its authorized dealership.

A new way to borrow. The interest rate of automobile consumer loan refers to the ratio of the loan amount and the principal amount issued by the bank to the consumer, that is, the borrower, for the purchase of a car for self-use (a family car or a commercial vehicle with less than 7 seats (inclusive) for non-profit purposes). The higher the interest rate, the greater the amount of repayment the consumer will have.

The term of a consumer loan is generally 1-3 years, and the longest is not more than 5 years. Among them, the loan term (including extension) of the second-hand car loan.

It must not exceed 3 years, and the loan term of a dealer car loan must not exceed 1 year.

By the central bank. It is stipulated that the benchmark interest rate for car loans shall be implemented.

However, each financial institution can float within a certain range of the benchmark interest rate. The term of car loans of major banks is generally not more than 5 years, and the interest rate of car loans directly determines the cost of people's loans, which has become an important factor in determining whether people take out loans for consumption.

When the car loan is unable to be repaid, there will also be problems with personal credit after the vehicle is recovered.

Because this is due to their own consumption ahead of time, unable to repay the vehicle loan, ** the vehicle is just a normal operation on sales, and the seller will work with the bank to block the credit together. Therefore, after the vehicle is recovered, there will be problems with personal credit, and personal credit is still very important in this era.

If the vehicle is towed away by the institution for auction, ** is relatively low, and the car itself is a consumable, the longer the time, the smaller the value, then after the vehicle auction, if the income is not enough for the user to repay the sum of the remaining outstanding principal and interest, the deficiency still needs to be made up.

If you can't pay off the car loan, you need to go through the procedures to voluntarily give up the car:

1. **Notify the bank and make an appointment with the bank.

2. Sign the application for voluntary abandonment of the vehicle and pay the liquidated damages, which shall be implemented in accordance with the default regulations on the loan contract.

3. Drive the car to the designated place of the bank and return the car keys.

If you can't afford the car loan, you can't afford the car. The lending bank instructs the borrower to fill out the relevant agreement. If the original loan guarantee method is mortgage + insurance and the mortgage registration has not yet been processed, you need to go to the insurance company designated in the city center to go through the insurance reduction procedures with the original policy, your ID card and relevant agreements, and the final signed agreement should be sent to the corresponding sub-center by the lending bank in time.

Car Loan Channels:

The biggest advantage is convenience and low barrier to entry, and companies are generally invested and created by automotive companies. Its "convenience" is not only reflected in the fact that you can apply directly through the 4S store, but also that it has no requirements for hard conditions such as household registration and real estate.

The interest rate is half lower than that of a traditional bank car loan. Common credit cards can be applied for, and the models are also cross-brand, with a wide range of choices. The premise is that a higher credit limit is required to enjoy it.

Answer: Hello, the possible consequences of not repaying the car loan: if the loan is not repaid for 3 consecutive months, and the overdue nature is bad, it will be handed over to the court for compulsory auction, and other assets under the name will be frozen. That is to say, if it is overdue for 1-3 months, the car loan institution or bank will collect the payment in the form of **, and if the loan is not repaid for more than three months, it may be sued in court, and it has the right to tow the vehicle away for auction, use the auction proceeds to repay the car loan, restrict other business, etc., and the overdue record will also be entered into the credit blacklist, affecting your future use of public transportation and loans.

You sold it directly.

Agreement**. Or let the 4S store sell it to you.

This way you will be able to get some money back without any repercussions.

You can't just sell it.

Why do you do this.

Asking questions doesn't sell.

Question: The mortgage can't be sold.

The 4S store has a way.

If you can't afford the car loan, you can't afford the car, and you must pay off the loan, you will face the following four situations:

1.The bank loan officer will keep calling for payment;

2.The loan will be subject to penalty interest;

3.The bank will protect its rights and interests through legal procedures, including the auction of collateral and the recovery of joint and several liability;

4.You will not be able to get loans from other financial institutions, and there will be bad records in the personal credit system. If it is not returned, the record will be kept forever, and if it has been returned, the bad record will be cancelled after five years.

If the loan is not repaid, you will be sued, you will not be able to find the person who is being sued, and you will find the family members who are being sued.

If your car can't offset the car loan, then you have no money for the car and have not paid it back, it is recommended to repay the car loan normally, or it will not affect your personal credit.

You can't do it, right? Because you have a contract there, there are many, many liquidated damages to be deducted.

If the bank has approved the car loan, then the business cannot be cancelled. Generally, as long as the car loan application is submitted at the 4S store, the bank has not yet approved it, and the loan has not been approved, then you can cancel the loan, and there is no impact.

But if the loan has been approved, then you need to pay a down payment, and if you have already paid a down payment, then you need to pay a certain amount of liquidated damages. Therefore, when buying a car, you must consider whether you need a loan, and whether you must buy a car, otherwise you will suffer in the end.

After the car loan is issued, if the customer does not want the car, it will not work. After all, the loan contract has been signed, and the customer has also signed a car purchase agreement with the car dealer.

Unless the customer's application for a car loan is not approved, then the customer can negotiate with the car dealer not to buy the car and terminate the contract agreement.

If you don't want to make any further payments on your vehicle loan, returning your car to a lender is a solution. Be aware, however, that doing so will have a negative impact on your credit history. The lender may submit this overdue record to the relevant credit bureau, affecting your future loan application for a variety of loans, such as a line of credit.

In addition, if the vehicle is damaged during the return process, you may face additional liability. It is advisable to communicate with the lending institution before this to seek a solution to avoid a long-term negative impact on the individual's credit history.

Polished paragraph: If the vehicle loan is overdue, returning the car is a solution. However, this can have a negative impact on an individual's credit history.

Overdue records may be submitted to the relevant credit bureaus, affecting future loan applications. In addition, there may be additional liability for damage to the vehicle incurred during the return process. It is advisable to communicate with the lending institution before this to seek a solution.

You can use "Four Happiness Data" to query your online loan records and understand your online loan history, including details of overdue online loans, debt arrears, information on dishonesty, and whether you have been included in the online loan blacklist.

It doesn't affect you.

But you have to get the bank to go through the relevant procedures.

The bank's car loan is also risky, and the bank will also bear the "loss" in your case: the bank will take the vehicle back for auction, and the money will be offset against your loan, and the bank will bear the insufficient part and return the excess to you.

This, of course, will affect your personal credit profile. And if you don't repay the money you borrowed from the bank, he will deduct your salary and so on, because there must have been a mortgage in the first place.

First of all, it is necessary to find out whether the mortgage of the vehicle is with an individual or to a certain company? If the mortgage is given to an individual, it will not matter if the creditor is willing to pay off the car and not sue him. If you are mortgaged to a loan company, if you refuse to repay, the loan company will report your overdue repayment to the credit bureau, and if there are too many times, you will not be able to handle the loan related business in the future.

If you're willing to use your vehicle to settle your debt, try talking to the lender.

In the future, you can't take the high-speed rail, you can't make a plane, you can't go abroad, and you can't get a bank loan. I won't be able to use my credit card anymore.

1. The lending unit will give you a letter to remind you of the repayment;

2. If you do not repay the loan, the car will be auctioned directly after a certain period of time, and the money will be returned to the lending unit.

3. You will have a bad record that will affect your later borrowing.

You transfer the car to the loan company, and the loan company will repay the loan with your car.

How is that possible? Who do you mortgage to, mortgage to the 4S store? Will people want an old car?

Summary. Hello dear! If the car loan is not repaid, the car can still be driven! However, it may be towed. Or it will be auctioned or seized by the court!

Hello dear! If the car loan is not repaid, the car can still be driven! However, it may be towed. Or it will be auctioned or seized by the court!

If you encounter any problems, you can negotiate with the loan company and try not to go through the legal process!

The owner of the car has served a prison sentence, and the car loan has not been repaid for half a year! What happens if the car goes out?

It's not going to happen! As long as it is not seized, you can continue to open it!

How can he be seized?

Unless the other party sues, the court enforces the seizure of the vehicle.

The court needs to come and seal it, provided that it can be sued.

So in the event of an accident, can insurance still work?

As long as you buy insurance, it can work, and it doesn't affect you.

If you buy insurance during the normal annual inspection, you can apply for insurance.

It doesn't affect you. Xin'er has a friend's car loan that hasn't been paid for 2 years, and it's <> okay to drive it normally, thank you.

You're welcome to kiss you.

If you think Xin'er is okay, remember to give Xin'er a thumbs up!

If you think Xin'er is okay, remember to give Xin'er a thumbs up!

Possible consequences of non-repayment of car loans: If the loan is not repaid for 3 consecutive months, and the overdue nature is bad, it will be handed over to the court for compulsory auction, and other assets under the name will be frozen. That is to say, if it is overdue for 1-3 months, the car loan institution or bank will collect the payment in the form of **, and if the loan is not repaid for more than three months, it may be sued in court, and it has the right to tow the vehicle away for auction, use the auction proceeds to repay the car loan, restrict other business, etc., and the overdue record will also be entered into the credit information system, leaving a stain.

Car loan overdue is generally a civil loan default liability and will not be sentenced, but if the person who has the ability to repay the loan after being judged by the court but deliberately fails to repay, it may constitute the crime of refusing to execute the judgment or ruling, and if the circumstances are serious, he may also be sentenced to fixed-term imprisonment of not more than three years, criminal detention or a fine.

There are also some car owners who have encountered the situation that the car loan is overdue and the vehicle is towed away at night, this is because the loan vehicle will generally be installed with GPS devices to prevent the loan applicant from running away, of course, the bank or lending institution will not check the vehicle trajectory casually, but the measures taken are only taken after being overdue for too long and the collection is fruitless.

If you can't afford the car loan, you don't want the car

It is also possible to voluntarily give up the car without paying the car loan, but because the loan is overdue, it is a breach of contract, and it is necessary to pay liquidated damages and penalty interest, and the repayment pressure is relatively high at this time. If you give up the car and hand it over to the bank for auction, the price of the car will usually be lower.

In order to minimize the loss as much as possible, the car owner can find an individual or a second-hand car dealer who has the intention to buy a car, let him pay the remaining car loan first, and then go to the bank to get back the motor vehicle registration certificate, vehicle qualification certificate, car purchase contract and other materials, and then go to the vehicle management office to go through the procedures for releasing the mortgage and transferring the ownership.

In addition, if the car loan is really unable to repay, you can consult the bank or car loan institution whether there are procedures for changing the repayer, if the bank or car loan institution agrees to change, you can follow the staff's prompts to operate, fill in the application form for changing the repayer and submit the corresponding information, which is equivalent to transferring the car to the next home.