Usually, you only need liquidated damages to withdraw cash. The amount of liquidated damages is related to the length of borrowing time and platform. Different banks or platforms have different requirements for prepayment of different loan types. It is best to consult relevant banks or platform institutions before lending. Compared with ordinary banks, the loan time is not enough and it is not allowed to repay the loan in advance; If the loan time is full, you can apply for early repayment, usually 1 year or half a year. There are two ways to collect liquidated damages:

1. The first one is calculated according to 2%-5% of the unpaid balance at the time of prepayment;

Second, the second is calculated according to the interest charged for several months, such as the penalty interest of less than one year for three months; Penalty interest of two months for repayment over one year and less than two years; There is no penalty interest for repaying loans for more than two years.

Third, it was cool to buy a car with a loan for a while, but some car owners found that they couldn't afford the loan after one year. In addition to paying down payment, monthly payment, auto insurance, maintenance, illegal punishment and other expenses, it was finally unable to repay, and the vehicle was forcibly towed away!

4. Under normal circumstances, the car loan is overdue for 1-3 months, and the bank or car loan institution will call for payment. If the repayment is unsuccessful for more than 3 consecutive months and the circumstances are serious, there may be penalty interest, and the overdue records will be entered into the credit information system. If it is serious, it may be sued to the court. At this time, the bank has the right to tow the car away, and the proceeds from the auction will be used to repay the car loan.

Fifth, we should know that the car loan is not enough to give up the car and hand it over to the bank for auction, and the auction price is often very low. In order to minimize the loss, the owner can find an individual who is willing to buy a car or a second-hand car dealer, let him repay the remaining car loan in advance, then go to the bank for settlement and settlement procedures, get back the motor vehicle registration certificate, car purchase contract, vehicle certificate and other materials, and go to the vehicle management office for transfer. The transfer process is similar to the transfer of used cars.

Another way to repay the car loan is to replace the car loan repayment person. You can go to your bank or lending institution to ask if there is any change in the procedures for car loan repayers. If yes, and you agree to handle it, you can fill in the application form for changing the repayment person according to the instructions of the staff and submit the corresponding materials for handling.