In real life, banks put concentrated money and monetary funds out through loans, which can meet the needs of expanding social reproduction and promoting economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation. Next, let's find out what knowledge there is about the impact of auto loan default for your reference.

1. What are the impacts of auto loan default?

First, malicious fraud. Automobile dealers provide false information to obtain loans from banks, maliciously repay loans and default. This is mainly because small car dealers cheat Ping An Company in partnership, mainly focusing on domestic high-end cars. In June last year, 5438+065438+ 10, Shenzhen police cracked a serious economic fraud case, and used false information to handle personal car consumption loans110000000 yuan. The gang defrauded 86 loans, involving three insurance companies and 13 financial outlets in our city. Fraudsters set up a fake company as a cover, leading behind the scenes, forging all kinds of fake materials and vouchers, and committing crimes to defraud insurance and loans.

Second, after the borrower borrowed money to buy a car, he lost his repayment ability due to economic problems and was unable to repay the bank loan. To pay off other debts, some borrowers even sold their cars. This situation is the biggest headache for Ping An Company.

Third, the borrower has the economic repayment ability, but is unwilling to repay the loan. Ping An Company and banks repay one or two loans and then continue to default on them, which is the most common situation at present. So, what makes the property insurance company unbearable for the current automobile mortgage guarantee? The industry believes that it is related to the following factors.