Legal analysis: if the car loan is not returned, the car will be towed away and detained, and it will not go to jail. If the loan is not paid in the first three months, the lending institution will call or come directly to the door. After that, if the loan has not been repaid, the lending institution will find the car according to the GPS locator installed at the time of the loan and drag it away for detention. At this time, only when the arrears are paid off can the vehicle be redeemed. 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). The higher the interest rate, the greater the repayment amount of consumers. Legal basis: Article 67 1 of the Civil Code of People's Republic of China (PRC). If the lender fails to provide the loan according to the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses. If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount. Article 583 Where one party fails to perform its contractual obligations or fails to comply with the contract, and after performing its obligations or taking remedial measures, the other party still suffers other losses, it shall compensate for the losses. Article 584 Where a party fails to perform its contractual obligations or fails to perform its contractual obligations in conformity with the contract, thus causing losses to the other party, the amount of damages shall be equivalent to the losses caused by the breach of the contract, including the benefits that can be obtained after the performance of the contract; However, it shall not exceed the losses that the breaching party foresaw or should have foreseen when concluding the contract.

Will you go to jail if you are sued for overdue car loans?

The loan needs to be repaid on schedule, and if it is overdue, it will have a certain negative impact. Generally speaking, owing a car loan will not lead to imprisonment, because it is a civil dispute, so it does not constitute a criminal offence. Car owners should pay back as soon as possible, otherwise they will not only be sued, but also affect their credit information. If the owner has the ability to change the car loan, but refuses to repay the loan or execute the civil judgment of the court, the court may impose a penalty of detention of not more than 15 days on the owner.

Legal basis: Article 244 of the Civil Procedure Law states that if the person subjected to execution fails to perform the obligations specified in the legal documents according to the notice of execution, the people's court has the right to seal up, detain, freeze, auction or sell off the property that the person subjected to execution should perform. However, the necessities of life of the person subjected to execution and his dependents shall be retained. The people's court shall make a ruling on taking the measures mentioned in the preceding paragraph.

I wish you a safe and smooth life in the future. When you encounter difficulties, you can also face them and succeed. If you have any questions you don't understand, you can continue to ask. Don't feel embarrassed or worried. We have always been the backstage of your most loyal friend. In reality, you can tell me in detail about illegal infringement and unsatisfactory things. We have always provided the most reliable judicial answers, help and difficulties.

There are a thousand hamlets in a thousand people. Anyway, two identical leaves can be found in the world. Everyone has different views and opinions, and everyone will have different criteria for judging the same thing. My answer may not be the most standard and correct, but I also hope to give you some help and get your approval. Thank you!

Why didn't Merika Finance sue within the time limit?

Too many overdue customers.

Not the kindness of banks and financial companies. It's really because there are too many overdue customers and limited energy. They can't sue you for a while, and they can't run away if they have nothing to do.

Although you don't have to go to jail if you don't pay back Murray's car loan, according to the contract, Murray's car loan can retain the right to sue, and overdue Murray's car loan will also have an adverse impact on personal credit.

Will you go to jail if your car loan is overdue?

Car loans will not go to jail, because loan disputes are civil disputes and will not involve criminal responsibility. If the borrower fails to repay the loan on time, it needs to pay a certain amount of overdue interest in accordance with the agreement or relevant state regulations, and bear the corresponding liability for breach of contract.

Extended data:

What will happen if the car loan is not available?

1, suspected of fraudulent loans

At present, there are many intermediaries in the market that can provide identity packaging services to help people who are not eligible for loans to apply for loans. Although some people applied for car loans with the help of intermediaries, they defrauded bank loans by providing false information, such as false certificates, false income certificates, false bank accounts, etc.

Once the loan is not repaid, and the bank finds out that it is suspected of defrauding the loan, it will be sentenced according to the crime of defrauding the loan, and at least it will be sentenced to fixed-term imprisonment of not more than three years or criminal detention, with a fine or a single fine.

2. Refusing to execute the judgment

If the car loan applied for by the provided real information is not repaid, it will be sued by the bank, and the lender will be required to repay within the prescribed time limit after the court decides. If the lender has the ability to refuse to repay, it can be punished as refusing to repay, and according to the seriousness of the case, it can be sentenced to fixed-term imprisonment of more than three years, criminal detention or a fine.