Legal analysis: it is ok to refinance a car and continue to contribute. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit records and need to meet the requirements of financial institutions before they can apply for loans to buy a car.

Legal basis: Article 18 of the General Principles of Loans: Rights of the Borrower:

(a) Being able to independently apply for loans from the host bank or other banking institutions and obtain loans according to conditions;

(two) have the right to withdraw and use all the loans as agreed in the contract;

(3) Have the right to refuse additional conditions other than the loan contract;

(4) Have the right to report relevant information to the superior bank of the lender and the People's Bank of China;

(5) With the consent of the lender, the lender has the right to transfer the debt to a third party.