Is it wise to sell cars to pay off debts?

Wisely, as a debtor, it is a misunderstanding to change the mentality that the assets you lend out to buy are your own, such as villas, cars, factories and so on. As long as a person has debts, when his debts are not paid off, the assets under his name are temporarily used or kept, instead of being determined as his own assets. Some people may say that the assets you bought before you got into debt were your own at that time, but when you borrowed money, you actually mortgaged the assets. Although you didn't go through the formalities, the fact already exists. This is normal debtor psychology.

Second, sell assets to pay off debts. If the debtor can take the initiative to sell his assets to pay off his debts, it is a very rational behavior and an obligation that should be fulfilled. If you still drive a luxury car and live in a villa when you are heavily in debt, it is not Lao Lai, or you are already heavily in debt and reluctant to sell it. If you want to keep it, you want to continue to enjoy it yourself. This is an unhealthy psychological state, and the future trouble is endless. If a person is in a debt-ridden situation, he can actively cooperate with creditors and dispose of assets to pay off debts. This is the smartest and wisest way to deal with debt. Why do you say that? One is to show the integrity of being a man, and the other is to leave room for development for yourself.

Third, to sum up, as debtors, the handling of their own debts will have different consequences because of different ways of handling them, which is one of the important reasons why some debtors can stand up again and some debtors will completely fall down. Therefore, it is very important to advise everyone here to deal with debts with correct methods and concepts.

Fourth, the conventional vehicle loan is a mortgage loan, that is, the vehicle registration certificate is not in the hands of the owner, that is, the mortgage bank, and the vehicle can be sold only if the vehicle registration certificate is needed, and it shows that the vehicle has been decompressed. If the loan car is to be sold, there are two situations. One of them is that the loan car has been fully paid off, in which case it can be handled directly in the second-hand market. Fifth, the other is that the customer prepares the approximate repayment amount, and then calls the financial specialist of the dealer who gave you the car loan to clarify the idea of prepayment. They will apply to the financial company for your early repayment, and then they will tell you the specific repayment amount and the latest deduction time. Within the agreed time, you deposit the repayment amount into the bank where you have repaid, and the financial company will deduct your repayment amount regularly to settle the loan.

Sixth, generally speaking, the loan car needs to be decompressed when it is sold. Decompression needs to settle the bank loan in advance, and then go to the vehicle management office to decompress with the bank settlement certificate and vehicle registration certificate. At present, as long as you sell cars in major second-hand markets, someone will teach you to help you operate them.