How to refund the deposit paid by the loan to buy a car?
After the car loan is settled, you can get the deposit back directly from the loan company, but you need to meet certain conditions to get the deposit back smoothly. Generally, when applying for a car loan, the person of the guarantee company will inform the borrower that the deposit will be returned to the lender as long as the repayment is normal. Once overdue occurs halfway, the deposit can be returned smoothly as long as it does not exceed 3 times.
However, in the middle of repayment, if it is overdue for more than three times, the guarantee company will probably not return the deposit to you. Secondly, some guarantee companies will require borrowers to purchase insurance from designated insurance companies. If the borrower does not buy insurance, or does not buy insurance through the guarantee company, it is basically difficult to return the deposit.
In fact, many people will be told to default when they pay off their loans and get their deposits back. Many car owners stumble here, and related news emerges one after another, making people uncertain when their car loan deposit can be refunded. In this case, the following methods can be adopted:
1. Actively negotiate with auto financing companies;
2. Make telephone complaints to automobile brand companies;
3. Report to the local industrial and commercial bureau;
4. Exposure to relevant media.
In short, lenders must be cautious when applying for auto loans, especially when signing contracts with auto financing companies, and must read the relevant clauses carefully to be aware of them. Then the car loan should be paid back on time, and the deposit should be returned after the car loan is paid off normally. That's all. I hope it helps you.