Nowadays, more and more young people like to borrow money to buy a car, because it can achieve the goal of buying a car in advance. The advantage of borrowing money to buy a car is that they can drive their beloved car home after paying the down payment. After the installment, there is no need to pay off the loan in one lump sum, and a fixed amount can be paid every month. This reduces the pressure on lenders to some extent.

Hundreds of thousands of cars can be driven home for tens of thousands of dollars, and the car will drive first before paying. This feeling is simply not too good. However, on the repayment date, it is not so easy to repay the car loan every month. If you have a stable job and a steady income every month, it is a small problem for you to pay back the car loan.

However, if the monthly income is unstable, it will be a great pressure for you to pay back the car loan, and you will even fall into the dilemma of not paying back the car loan. We all know that if the lender fails to repay the car loan on time, the motor vehicle may be recycled by the loan company. If the car loan is handled in a bank and the loan is not repaid on time, the bank will upload the overdue information of the lender to the credit information system of the People's Bank of China.

So, what if there is no money to repay the car loan? Here are some ways to share with you. First, borrow money from friends and family. This is the most reliable method. We can't negotiate with the loan company or bank, so we can only find ways to collect the money ourselves to avoid unnecessary trouble.

Tell your family and friends clearly about your situation, and clearly tell each other the repayment date, so that family and friends can lend a helping hand to themselves.

Secondly, if you don't want to ask your family and friends for help, you can sell the assets in your name and use them to repay the car loan.

Third, go to a third-party loan platform for loans. Now there are many formal loan platforms, which provide great convenience for people who need money badly, such as Alipay loans and micro loans.

Under normal circumstances, the loan company will not take the lender's car for no reason, unless the lender fails to repay the loan for a long time and has serious overdue behavior. What should the lender do after the car is impounded by the loan company? First of all, you should repay the overdue money and interest, and then take the initiative to contact the loan company and negotiate to get the car back.