Will I be sued if I owe more than RMB 60,000 for Huitongcheng Rental Car Loan? Will my property be confiscated?

We will sue and confiscate the property. According to information from the Query Legal Network, when a car loan is overdue for more than three consecutive months, the lending institution has the right to terminate the loan contract early and require the customer to repay the loan in one go. If the bill is not paid, the lending institution will dispose of the mortgaged vehicle in accordance with regulations. And if the nature of the overdue property is egregious, a court will force the auction, and other properties under your name may also be frozen for disposal.