Legal analysis: Yes. If automobile mortgage is not paid, the user can contact the lending institution to show that he is unable to repay the loan and is willing to give up the ownership of the car, so that the lending institution can auction the car and the money from the car sale will be used to repay the loan. However, the money from the vehicle auction must be just enough to pay the outstanding loan. If it cannot be covered, the lender still needs to make up the repayment amount.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 667 A loan contract is a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.

Article 680 usury is prohibited and the loan interest rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.