How long is the overdue car loan to collect the car, generally according to the time agreed in the loan contract between the two parties. The car loan is overdue 1 to 90 days, which belongs to the risky assets that banks pay attention to; If the overdue period is 9 1- 120 days, it belongs to the second category; Overdue for121-180 days is a suspected risky asset.

Generally speaking, for loans overdue's behavior in a short period of time, the lending institution will regard it as non-malicious overdue. As long as the lender pays off all the debts immediately, it will not pursue the lender's responsibility and will not submit a credit report. The classification of different lending institutions in loans overdue is different for this time.

Therefore, if the car loan is overdue for more than 3 months, it will be sued to collect the car. If the car loan is overdue for three periods, it will be collected. However, before picking up the car, the bank will constantly remind the owner to repay as soon as possible; Because the term of 1 is one month, the car will be confiscated if it is overdue for three months; Banks will take back overdue vehicles and consider auctioning them to avoid losses.

Car loan and mortgage can be paid off in advance:

Car loans and mortgages can be paid off in advance. Under normal circumstances, the car loan contract signed by the lending institution and the borrower will have the clause of repaying the loan in advance, so it is ok for the borrower to repay the loan in advance, but it needs to pay a certain penalty. If there are related treaties in the contract that cannot be repaid in advance, it can only be handled according to the agreement.

The liquidated damages of different lending institutions are different. Generally, if a bank car loan needs to be repaid in advance, it will generally charge a penalty of 2%-5%, but after the repayment period 1 year, there is no need to pay the penalty. If the repayment period of the auto loan is less than 1 year through the auto financing company, a penalty of 8% of the remaining unpaid amount is generally required, and a penalty of 5% is required after one year of repayment. The penalty for prepayment of car loan is stated in the loan contract.

Although the car loan can be paid off in advance, the borrower still needs to consider whether it is cost-effective. Because the life of car loan is at most five years, it is necessary to pay liquidated damages in advance, and the proportion of liquidated damages charged by different banks is different, so borrowers should weigh the advantages and disadvantages of repaying loans in advance according to their own conditions.