1. Yes, banks or financial institutions can take back vehicles.

-In general, if the car has been in loans overdue for more than 30 to 60 days, banks or financial institutions have the right to take action to collect the car.

-Banks can repossess vehicles through court decisions, administrative enforcement, etc. According to the contract and relevant legal procedures.

-After the vehicle is repossessed, the bank can auction or otherwise realize the vehicle to repay the loan.

2. No, banks or financial institutions will not take back the vehicles immediately.

-Banks usually take collection measures after a period of overdue, such as telephone notification and letter collection, in the hope that borrowers will pay off their debts.

-Banks prefer to solve problems rather than take back vehicles, because taking back vehicles requires extra costs and procedures.

-Different banks or financial institutions may have different policies and procedures, so the specific handling methods may be slightly different.

Summary:

Overdue car loans may cause banks or financial institutions to recover vehicles, but the specific overdue time and handling methods may be different according to institutional policies. The borrower should communicate with the bank as soon as possible, try his best to solve the overdue problem and avoid the vehicle being taken back.