Mortgage car loan overdue for several months was recalled

Usually three months.

If the car loan is overdue for three months, the car will be repossessed. Different banks or lending institutions may have different regulations, but basically they will stipulate in the loan contract that if the loan is not repaid for more than three consecutive months, If the overdue vehicle is of an egregious nature, the court will force the vehicle to be auctioned, and other assets under the name may also be frozen for disposal. A car loan refers to a loan issued by a lender to a borrower who applies to purchase a car. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loans refers to the ratio of the loan amount to the principal issued by the bank to the consumer, that is, the borrower, for the purchase of a self-use automobile (not for profit-making family cars or commercial vehicles with 7 seats or less). The higher it is, the larger the consumer will have to repay.