What should I do if the loan is not repaid and the 4s shop closes down?

1. If you can't repay the loan after buying a car, once loans overdue is too long, the car loan handling bank (auto consumer finance company) is likely to sue the customer. If you don't repay the loan after the judgment, it is likely to be enforced, and it is estimated that the waiting time will be taken away. /h/ Even some financial institutions will tow the car directly after the customer is overdue. Only when the customer pays off the debt quickly can the customer get the carriage return (some will ask the customer for a certain towing fee).

If you don't want the car to be towed away, the customer must ensure the repayment on time and try to avoid overdue. Even if it is overdue, we must find a way to pay it off as soon as possible.

If it is really impossible to pay off the loan for a while, the customer can take the initiative to contact the auto loan handling bank (auto consumption finance company) to negotiate and try to apply for an extension of the repayment period and repay the arrears in installments. Banks (financial institutions) generally believe that it is appropriate as long as customers do not intentionally overdue their debts. /h/ If an agreement can be reached in the end, then the customer won't have to worry about the car being taken away because it is overdue, and then he can repay it in installments on time according to the newly negotiated repayment plan.

What if I can't buy a car with a loan?

Suggest selling the car and paying off the loan. You can buy a car when you have money behind you. If the credit is hacked, there will be many difficulties later. Once again, people who have no repayment ability are advised not to borrow money. Cars are consumer goods and will only depreciate rather than increase in value. Buy according to your own situation!

Communicate and negotiate with the bank in time. Remember, whenever the loan is not paid, the first thing to do is to negotiate with the lending institution, show your difficulties, express your repayment determination, gain the recognition and trust of the bank, apply for an extension of the repayment period, and repay by installments to reduce your repayment pressure. On the premise of temporary turnover, you can contact to apply for deferred repayment. Ordinary customers can't afford to pay if they can't turn around temporarily. After verification, they will help extend the loan period.

Second, you can find financial institutions to handle bridge loan and replace overdue car loans. If the bank doesn't agree through consultation, then we can go to other banks or leasing companies to apply for new consumer loans and replace car loans. It should be noted that we must apply for a loan before loans overdue. If the application is overdue, the credit report will show the overdue record, and it will be too late.

Find relatives and friends for temporary turnover and create time for yourself.

If the installment amount of the car loan is small, you can temporarily turn over the funds, solve the current repayment plan, and then find other ways to solve it. If you still want to drive your car, but there is no reason to apply for an extension, and the company can't apply, you can borrow money from friends and relatives, but remember to owe them an iou and pay back the money on time.

If there is really no way and no money to pay back, then you can only wait. Generally, if you can't repay your car through mortgage, after half a year, apply for the preservation and seizure of your car and collect the arrears through judicial auction. Of course, after deducting a series of expenses, if there is still money, it will be returned to you.

In short, before the car loan is about to expire, we must not escape, and escaping will not solve the problem.

What will happen if the car loan is not?

Now more and more people take out loans to buy cars. Buying a car with a loan can not only add icing on the cake to personal credit, but also really achieve great things with small money. Can be said to kill two birds with one stone, full of joy. However, the weather is unpredictable. What will happen if the car loan is caused for some reason? What are the consequences?

1. At the beginning, if the lender doesn't repay the loan, the lender will call for payment, but if the payment is unsuccessful, the lender will find your position through the GPS positioning system. Then find the vehicle according to the search clues, and ask the trailer company to tow it away, and then detain the vehicle until the owner pays the arrears, and the vehicle can be returned to Zhao intact. If the owner delays repayment, the lending institution will sell the vehicle to compensate for the loss.

2. In more serious cases, lending institutions will lend money to. When handling the car loan, the car has gone through the mortgage registration formalities, and the real ownership belongs to the lending institution. Generally, the lending institution will be judged to dispose of the mortgaged car, and the proceeds will be used to repay the principal and interest of the loan first. If there is still money after paying off the loan principal and interest, the lending institution will return it to the original owner. If the money can't repay the loan principal and interest, there is still a debt after deduction, and the original owner still needs to repay.

What if the car mortgage doesn't come?

If the car mortgage is unable to repay, you can try the following methods.

1, take the initiative to contact lending institutions.

Negotiated repayment If you are unable to repay, you can try to contact the lending institution to negotiate repayment. If some objective circumstances lead to the temporary suspension of loans, if the previous repayment record is not bad, it is still possible to negotiate successfully.

When negotiating with lending institutions, you can apply for deferred repayment as much as possible to avoid applying for interest relief. From the point of view of the lending institution, it naturally wants to repay the principal and interest as agreed, so the success rate of applying for deferred repayment will be higher. After all, it did not harm the interests of lending institutions too much.

In addition, when negotiating with the platform, you can provide unemployment certificates, personal assets certificates and other materials, and you can also explain your repayment plan to the platform to fully demonstrate your sincerity in repayment, which can also increase the success rate of negotiating repayment.

2. Borrow money from relatives and friends first.

If the lending institution does not agree to negotiate the application, it can try to borrow money from relatives and friends to repay the car mortgage first to avoid overdue.

After the economic situation improves, we should also pay off debts in time and safeguard personal credit.

3. Liquidate your precious assets.

If you have some valuable assets that are easy to realize, such as real estate or precious metal jewelry, you can get repayment funds after realizing these assets. After realizing these assets, you can get funds to repay automobile mortgage, avoid overdue debts and maintain your credit report.

However, when realizing these assets, we should also pay attention. Don't dispose of these assets at will because you are in a hurry, or try to choose a formal and reliable institution to handle business and try to protect your legitimate rights and interests.

4. Find a third party to guarantee for yourself.

For example, you can find some individuals or enterprises with excellent qualifications to guarantee loans for yourself. If these guarantors can be found, the lending institution may reduce its concerns and may agree to negotiate the application.

Because the guarantor is jointly and severally liable for debts, the lending institution will no longer worry too much about the lender's failure to repay the loan. In order to reassure lending institutions as much as possible, the third-party guarantee sought should have good qualifications, and it is not allowed to find someone to guarantee casually.

5. If you can't handle it, you have to handle the mortgaged vehicle.

If there is really no way to deal with the debt problem, and the lending institution that cannot raise funds refuses to negotiate, in this case, the lending institution will have to be required to deal with the mortgaged vehicle as agreed.

However, when dealing with mortgaged vehicles, lending institutions may sell them at a price below the market value. In addition, the value of vehicles fluctuates greatly, and there may be cases where the funds obtained after handling vehicles are insufficient to repay loans. In this case, it is necessary to make up the insufficient part, and it is not a good choice to wait for the loan institution to deal with the vehicle.

When applying for automobile mortgage, you'd better think more about your income and borrow reasonably within the scope of your personal economic conditions, so that you won't have too much debt pressure in your later life.

You can get the online loan big data report from "Beijian Quick Check", which contains information such as online loan history, overdue details of online loans, liabilities, untrustworthy information, and online loan blacklist.

Extended data:

What if the car mortgage loan is not repaid on time?

If the car mortgage loan is not repaid on time, it is suggested to deal with it in the following ways.

1. Pay off the overdue debts and the penalty interest quickly to avoid further overdue fees.

We need to note that the overdue period is too long. If the loan handling bank/loan company fails to reply after repeated reminders, it may report to the police, and then the vehicle may be taken away.

Only when the car is paid off in time will the car have a chance to get it back and will not be auctioned.

If it can be paid off before accepting the judgment, the bank/loan company will also take the initiative to withdraw the lawsuit.

2. If you can't repay the loan for the time being, I suggest you try your best to repay it, and then you can take the initiative to contact the loan handling bank/loan company to negotiate and inform the other party that you are unable to repay it for the time being, and try your best to apply for an extension of the repayment period and repay the arrears in installments.

Of course, the negotiations may not succeed. If you fail once, you can adjust the extension request and try to communicate several times. If negotiation fails, you can choose to borrow money from relatives and friends first.

What happens if you can't repay the loan when you buy a car by mortgage?

If you buy a car by mortgage and don't repay the loan, you can start the proceedings after half a year. The bank can apply for security, seize your car, and then collect the arrears through judicial auction, and then return it if it charges more.

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers.

1. Lending institutions will urge repayment by sending SMS reminders and telephone reminders, which may also affect personal and family life;

2. If the car loan is overdue, it will not only generate a penalty interest, but also be charged according to the loan contract, and it will also be reported to the central bank's credit information center, leaving bad information in the personal credit information report, which will affect the behaviors that need to evaluate personal credit such as loans and credit cards;

To a certain extent, banks have the right to auction mortgaged vehicles to recover loans.

Some lending institutions will load GPS positioning. If they don't repay the loan, they can find the vehicle through GPS and detain it. If they don't repay the loan, they will handle the vehicle themselves.

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Buying a car with a loan can not only enable citizens with insufficient funds to buy their favorite cars in advance, but also allow some citizens with sufficient funds but other uses to free up some funds that would have been used for car prices for development. However, the resulting interest and extra costs have been ignored.

Undoubtedly, "interest-free, fee-free" makes many people who can't afford a car have the impulse to buy a car. However, the problems behind this kind of value for money have made many people ill-considered. Some auto credit practitioners believe that consumers must pay attention to three points when buying a car with loans:

1, whether you can still enjoy the car price discount after enjoying the "zero-interest-free loan" of the merchant;

2. The car loan fee in the market a few days ago was in the range of 4%~7.5%. Is it interest-free and fee-added?

3. The general car purchase interest rate is charged according to the bank benchmark interest rate. Regardless of whether the handling fee is unavoidable, the interest is floating on the basis of the bank's benchmark interest rate. At the same time, due to the choice of loans, new car insurance must be "fully insured", which will result in a large premium expenditure.

Therefore, the most important thing in car loan is to shop around. Consumers should choose a regular car loan service company with certain qualifications and strength, which will not only standardize services and charges, but also leave you with hidden dangers.