If the vehicle is purchased jointly by husband and wife, it is generally considered that the property of husband and wife is the same. When one of the husband and wife dies, the creditor of the vehicle loan will demand repayment with the personal legacy and marital property of the deceased, and the spouse of the deceased will become the debtor.

If the borrower dies, the family can continue to repay the loan. If the family is unable to repay the loan, they can use the car to repay the loan. After the auction, the rest will be returned to the family. If there is a guarantor at the time of car loan, the loan itself is unable to repay, and the guarantor has the obligation to repay the loan.

introduce

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.

The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.