Different banks or lending institutions may have different regulations, but basically they will stipulate in the loan contract that if the loan is not repaid for more than three months and the overdue nature is bad, the court will force the auction.

At the same time, other assets under the name may also be frozen for disposal. It can be seen that the car loan is overdue for more than three months. Everyone must remember to pay back the car loan on time after buying a car.

brief introduction

If it is overdue, it may be just a collection at first, but once it is overdue for less than three months, the nature is different, and it is likely to be recognized as malicious overdue by banks or lending institutions. At that time, it will be prosecuted, not only the car will be taken back for auction, but also personal credit will definitely be greatly affected. Therefore, even if you can't afford it for a while, you should take the initiative to negotiate instead of turning a blind eye to the collection.