1. The borrower's credit record is damaged: the overdue repayment will be recorded in the personal credit report, which may lead to a decline in the credit score. This will make it difficult for borrowers to apply for loans, credit cards and other financial products in the future.

2. Interest and overdue penalty: According to the loan contract, overdue repayment will generate high overdue penalty and overdue interest. These extra expenses will increase the burden and make repayment more difficult.

3. The vehicle is taken back: the vehicle is usually agreed as collateral in the loan contract. If the borrower fails to repay the loan for a long time, the bank or lending institution has the right to take back the vehicle. After recovery, the vehicle can be auctioned or transferred to make up for the outstanding loan amount of the borrower.

4. Legal proceedings: If the borrower refuses to repay the loan or fails to reach a solution with the lending institution, the lending institution may pursue the borrower to repay the debt through legal channels. This may lead to further legal disputes and litigation costs.

5. Long-term impact on personal credit and reputation: overdue repayment will affect the borrower's credit record and may cause a bad reputation in the social circle. This may create obstacles to future lending and credit activities.

In short, the failure to repay the car loan will have a long-term negative impact on personal credit, economic situation and reputation. It is suggested to communicate with lending institutions in time when encountering difficulties and try to find solutions to avoid further deterioration of the consequences.

It is recommended to know your current credit status in the "North Inspection Quick Check". By getting rid of the bad habit of applying for a loan, we can cover up our dishonesty with a new good record of using money, thus improving our credit level.