Can the overdue car loan contract be resumed after it is terminated?

If the overdue car loan contract is terminated, it generally cannot be resumed. When the rights and obligations of the contract are terminated, the parties no longer bear the main obligations of the contract, but only perform the obligations of notification, assistance and confidentiality. Generally, the contract can be terminated if the car loan is overdue, but it is not terminated. Revocation does not mean termination, and revocation does not exempt the parties from liability for breach of contract. According to relevant laws and regulations, this contract can only be terminated under the following circumstances.

Creditor's rights and debts shall be terminated under any of the following circumstances:

1, the debt has been fulfilled;

2. The debts offset each other;

3. The debtor shall deposit the subject matter according to law;

4. Creditors are exempted from debts;

5. Creditor's rights and debts belong to one person;

6. Other circumstances under which the termination is stipulated by law or agreed by the parties.

If the contract is terminated, the rights and obligations of the contract shall be terminated accordingly. The overdue car loan contract was terminated for more than 6 months. If loans overdue doesn't pay it back for a month, he will pay a penalty. If you don't pay it back for three months, you may be sued, and in serious cases, you may be blacklisted by the bank. After six months, the bank will file a lawsuit with the court, and the court summons will be sent to the borrower's home. On the day of the court session, regardless of whether the borrower appears in court, the court will freeze the collateral originally mortgaged by the borrower to the bank and then auction it. The proceeds from the collateral auction will be used for repayment.

Legal basis: Article 557 of the Civil Code of People's Republic of China (PRC).

Creditor's rights and debts shall be terminated under any of the following circumstances:

(a) The debt has been fulfilled.

(2) The debts offset each other;

(3) The debtor deposits the subject matter according to law.

(4) Creditors are exempted from debts;

(5) Creditor's rights and debts are owned by one person;

(six) other circumstances stipulated by law or agreed by the parties to terminate. If the contract is terminated, the rights and obligations of the contract shall be terminated accordingly.