First, get in touch with financial institutions or loan companies in time. After the car loan is overdue, you should immediately contact the lender to explain the situation and actively seek solutions. Negotiating repayment plan, deferred repayment or other repayment arrangements may be an effective way to save the trailer.
Secondly, verify the location of the trailer and understand the relevant procedures. Contact the local traffic police department or road transport management institution to find out the specific location of the towed vehicle and the relevant procedures for car release. The operation mode of each region may be different, so actively cooperate with the requirements of relevant departments to provide the required supporting documents and materials.
Finally, pay the relevant fees and go through the formalities as required. Once you know the specific location and related procedures of the car, you need to pay the late payment fee, towing fee and other related expenses according to the regulations, and provide the identity certificate, vehicle registration certificate, driving license and other related procedures in order to understand the procedures for using the car.
To sum up, at present our car loan is overdue and can be towed away. The towed vehicle can be settled through consultation with financial institutions or loan companies, and the vehicle can be retrieved only after paying the relevant fees according to the requirements of local traffic police departments or road transport management institutions.
Extended data:
The trailer is used to remind lenders to fulfill their repayment obligations and protect the legitimate rights and interests of financial institutions. When the car is in loans overdue, the lender has the right to take corresponding measures to recover the loan, including the trailer. The ownership of the towed vehicle still belongs to the borrower, but it is temporarily detained by the financial institution until the overdue money is paid off and the procedures for understanding the vehicle are completed. Therefore, in the process of car loan, timely repayment is very important to avoid unnecessary economic losses and troubles.
Please note that this answer is based on general knowledge only, and is not specified for special situations or specific regions. If you encounter the problem of overdue car loan, please consult relevant professional institutions or local departments for accurate legal and operational advice.