Has anyone been towed by Reeford's car?

If you don't pay off the loan in time, you will be called and sent a text message for collection. If you don't return it for a long time, the staff at Ruifu will tow your car away and detain it online. Otherwise, the car will be directly sued by the platform. If the court accepts this judgment, it will generally decide that the platform will dispose of the mortgaged car to repay the principal and interest of the car loan.

1. How long has this car expired?

Some banks handle car loans one day late, just like credit cards are one day overdue. They first called the lender to remind them to repay the loan. If the lender forgets to repay, as long as the repayment is successful on the same day, although it is overdue, it will not be uploaded to his credit record. Some banks monitor the repayment of lenders very strictly, and one day overdue may be regarded as overdue, which may also cause bad credit records. It depends on how the bank where the lender applies for the loan is supervised. However, if it is found overdue, you can immediately call the customer service phone of the loan bank to explain the situation and repay the loan immediately to minimize the loss.

Second, what should I do after the car loan is paid off?

When a lender applies for a car loan, it usually mortgages the voucher to the lending institution or bank. After the loan is paid off, the lender can get in touch with the lending institution or bank and prepare relevant materials. After confirmation, the lender can retrieve the vehicle registration certificate and loan settlement certificate of the motor vehicle from the patient, and also remember to retrieve the mortgage procedures of the vehicle. Then go to the DMV to cancel the mortgage registration. When filling out the application form, you should also prepare the patient's materials. When the materials are ready, you can cancel the mortgage registration of the car. Banks or lending institutions no longer own cars, and cars belong to the owners. For the materials that need to be prepared, I suggest you call the vehicle management office in advance according to the requirements of your area, which is more convenient and does not need to run back and forth because the materials are not uniform.

Nowadays, many people will choose to buy a car with a loan, so some precautions for buying a car with a loan should be understood in advance. It is not good to do your homework, and avoid some problems and lead to some disputes.