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Is it reasonable for a trailer with overdue car loan to ask for high towing fee?
Legal analysis: automobile mortgage takes the borrower's or the third party's car or self-purchased car as collateral and obtains loans from financial institutions or auto loan companies. If the car loan breaches the contract and the repayment is overdue, it can be implemented in accordance with the contract. If there is no agreement in the contract, it shall be handled according to law.
Legal basis: Civil Code of People's Republic of China (PRC).
Article 675 The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.
Article 672 The lender may inspect and supervise the use of the loan as agreed. The borrower shall regularly provide relevant financial and accounting statements or other materials to the lender as agreed.
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