If the loan is mortgaged by a vehicle and cannot be repaid at maturity, the lender has the right to apply for auction of the vehicle. Interest and auction fees will be paid from the auction first, and the rest will be used to pay the loan. If it is not enough, the creditor-debtor relationship between the two parties still needs to repay the remaining debts.

Bankruptcy can

1. Apply for deferred repayment.

Although the interest rate is high, it is a remarkable feature of raising funds immediately. Based on this, most borrowers who favor this method will pay attention to it in the short term to choose experienced lending institutions. Due to the short loan period and heavy repayment pressure, some credit products, such as CreditEase-Cheyi loan, have paved roads for borrowers and mortgaged their vehicles, which also avoids the embarrassment of borrowers encountering late payment fees.

Apply for a credit loan

For the sake of risk control, it is always difficult for banks to provide loans for vehicles with rapid depreciation and low valuation, which provides opportunities for non-bank financial institutions to act as exclusive spokespersons. Fortunately, the credit system is only a superficial connection, and the loan relationship caused by the lack of intimate relationship usually does not appear on the credit report, which invisibly leads to the opportunity of multi-head loan. Speaking of this, it goes without saying that many people want to find a way, that is, because there is no obstacle to the title of "negative second generation", as long as your personal qualifications are acceptable and you have good personal credit and stable repayment ability, you can successfully obtain a credit fund to fill the hole in the loan.

If credit loan is "not available to everyone", then it is now taking a completely different civilian route. Cardholders can withdraw it at any time without applying, as long as they need it. The maximum withdrawal amount on the day of card withdrawal is 2000 yuan. If it is withdrawn in batches, the maximum amount can only reach 50% of the credit line. In the final analysis, it depends on different people whether the mortgaged vehicle can be untied. Due to the interest-free nature of credit card withdrawal, the cost of capital is still an unavoidable point. Interest is calculated on a daily basis, and the daily interest rate is 0.5% of the cash withdrawal amount, which is equivalent to the annual interest rate of about 18%.

Second, what should I do if CreditEase Pratt & Whitney can't afford the loan?

You can try to contact the customer service hotline of CreditEase Loan to explain the actual situation and prove that you are not maliciously not repaying the loan, but really unable to repay the debt. After considering the actual situation, CreditEase Loan can extend the repayment period of this loan without interest, and only need to repay the principal.

3. What should I do if I pass the car loan but don't want to borrow money to buy a house?

It has an impact, but it is not big, just like applying for a credit card is not activated.

4. What if CreditEase doesn't want to get a loan in the last step?

Your automobile mortgage has reached the final stage, but you don't want to get a loan, so you have signed a loan contract. If you want to cancel the loan, you need to pay liquidated damages before you can cancel the loan contract.

Automobile mortgage.

Many people sometimes choose mortgage to get funds, among which cars and real estate are more common collateral. Then, let me tell you, if you use the car as collateral, can you transfer the loan car?

Can the loan car be transferred?

If you apply for automobile mortgage, the vehicle has been mortgaged to the lending institution before the loan is paid off, so the individual has no right to buy, sell or transfer the vehicle. Only when the car loan is paid off and the borrower takes the receipt to the relevant part to go through the mortgage cancellation formalities can the car be transferred.

Some people give up halfway and can't pay off the balance. They plan to raise funds by transfer, but the car loan can't be transferred until it is paid off.

Loan vehicles need to provide paid loan documents when handling the transfer procedures. If the vehicle has not been paid off, the vehicle will also help the bank, and the owner has no right to transfer the vehicle to others. In addition, if the owner fails to repay on time or evades repayment, the bank will pay off the balance by auctioning the mortgaged vehicle according to the auto loan contract, thus reducing the loan loss.

Can I sell the car I bought with the loan?

Friends who have applied for car loans know that if they choose to buy a car by loan, their cars will be mortgaged to the lending institutions, whether they seek bank loans or company loans. The loan applicant does not own the property right of the car.

As the loan applicant doesn't own the property right of the car, he can't handle the transfer and sell the car. Can I sell the car I bought with the loan? You can't sell the mortgage until you cancel the registration. But is there any way?

If the lender really wants to sell the car, he can pay off the loan he owes first, and then go through the formalities of canceling automobile mortgage, so that he can transfer the ownership and sell the car.

Therefore, after handling automobile mortgage, the borrower has no right to sell the mortgaged car before paying off the loan and canceling the mortgage procedures.