The loan business of banks or auto financing companies gives many consumers a good choice when they don't have enough money to buy a car in full. Therefore, some consumers will apply for a car loan, but some people don't want it after the car loan application is successful. Want to know if the car loan can be cancelled? The specific situation is analyzed as follows. If the consumer successfully applies for a loan, but has not signed a loan agreement or contract with the lending institution, then he does not want a car loan, and directly contacts the bank to apply for cancellation of the loan, then the bank will stop issuing loans. If the application is passed, the consumer has signed an agreement or contract with the lending institution, but the car loan has not yet been issued. At this time, if the consumer wants to cancel the loan, don't pay the down payment, discuss with the car dealer, and then go to the bank to cancel the loan. After the car loan is passed, the owner will generally be informed and bring the corresponding information to go through the formalities. Then when the car loan has been credited to the car dealer's account, there is no way to cancel the loan, so we can only choose to go to the bank to repay in advance. The process of canceling the loan is also very troublesome, and it is also necessary to pay liquidated damages and handling fees. Consumers are generally not advised to cancel after success.