The electric vehicles that take loans by installments may also have a negative impact on personal credit records and credit scores. According to official website, if you fail to repay the electric car purchased by installment with the auction loan on time, it may have a negative impact on your personal credit record and credit score, and will generate additional expenses such as penalty interest and late payment fee. First of all, if your overdue time is not long, you can pay off the arrears as soon as possible, so as not to affect your credit history and credit score. You can also contact relevant institutions or customer service departments to explain the situation and strive for a certain grace period. In the meantime, you should try to avoid overdue repayment and try to shorten the repayment time. If the arrears are too long, or the repayment ability cannot be met, legal measures may be taken to recover the arrears, which will affect your personal credit record and life.