The car loan can be paid off in advance, but the car loan should be paid off in advance. In addition to requiring the applicant to have enough deposits, the applicant is also required to call the bank in advance to make an appointment to apply for the prepayment of auto loans before repayment. In addition, early repayment may result in corresponding liquidated damages, which requires the repayment person to consult the car loan contract to see if there are detailed provisions on liquidated damages in the car loan contract. If there is, you need to pay liquidated damages according to the regulations, if there is no clause about breach of contract in the contract.

If the car loan is paid off in advance, first apply to the loan bank for prepayment. After the application is approved, the bank will let the lender deposit the money into the bank card, and the bank will deduct the money in one lump sum on the agreed day, and then go to the bank to get the repayment certificate and go through the formalities of releasing the car.

If you plan to pay off the car loan in advance, what should you do and what is the punishment? You need to consult the relevant bank for the specific ratio. As for whether it is cost-effective to pay off the car loan in advance, we need to comprehensively consider the car loan interest rate, personal investment ability, personal short-term capital demand and economic environment. The borrower can compare the payment of liquidated damages and interest, and then make a decision on whether to repay the loan in advance.

1. What information will be reviewed when applying for a car loan?

Generally, you need to fill in everyone's age, occupation, income, assets, etc. Someone asked if the car loan would call the company to verify, usually not. Car loans generally do not go to check the unit, nor do they call the unit. When applying for a car loan, a user can provide a valid proof of salary flow or income stamped by the enterprise. Lenders will call themselves for telephone review instead of calling the user's unit. If you apply for a car loan after marriage, you need to check the credit information of both husband and wife.

Second, does borrowing flowers have an impact on car loans?

If it is not overdue, it will usually not affect the car loan. If it is overdue, when applying for a car loan, the bank will think that your repayment ability is not enough, or an untrustworthy person will refuse your car loan application.

3. Will overdue car loans be towed away?

As a matter of fact, how long it takes for a bank to tow a car in loans overdue mainly depends on how the loan contract is agreed, and generally there will be a clear mark on the contract. If the agreed customer fails to repay the loan on time for three consecutive months, the bank can tow the car. But if there is no agreement in the loan contract, it should be judged according to the actual situation.

However, I suggest that you should carefully consider your repayment ability, and don't buy a car that exceeds your repayment ability for vanity, so as to avoid overdue car loans.