If the car loan is overdue for more than 6 months, the bank will sue the court and the court summons will be sent to the borrower's home. On the day of the court session, regardless of whether the borrower appears in court, the court will freeze the collateral originally mortgaged by the borrower to the bank and then auction it. The proceeds from the collateral auction will be used for repayment.

If the car loan is overdue 1 month, the bank will incur penalty interest. If it is more than 1 month (more than 30 days), the bank will notify you by SMS. If it is more than 3 months (90 days), the bank will call or collect it at home.

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 special dealers. The interest rate of automobile consumption loan refers to the loan amount issued by the bank to consumers, that is, borrowers, to buy their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.