Legal analysis: if the car loan is not returned, the bank will tow the car away. 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).

Legal basis: Article 9 of the Measures for the Administration of Auto Loans The borrower applying for personal auto loans shall meet the following conditions at the same time: (1) He is a citizen of People's Republic of China (PRC), or a resident of Hong Kong, Macao and Taiwan and a foreigner who has lived in People's Republic of China (PRC) for more than 1 year (inclusive); (2) Having a valid identity document, a fixed detailed address and full capacity for civil conduct; (3) Personal legal assets with stable legal income or sufficient to repay the loan principal and interest; (4) Personal credit is good; (5) Being able to pay the prescribed down payment; (6) Other conditions required by the lender.