First of all, in this question, the question you have to answer is the reason why the guarantee company requires you to pay liquidated damages and the solution. According to the information you provided, the conclusion is that the second-hand car you bought has many overdue payments during the mortgage process, which leads to the guarantee company asking you to pay liquidated damages.
Specifically, for this problem, we can be divided into the following points to explain:
First, the reason why the guarantee company requires you to pay liquidated damages is because you failed to pay the money many times during the mortgage process. If the overdue payment violates the contract, the guarantee company requires you to bear the liability for breach of contract and pay the corresponding liquidated damages according to the contract.
Second, the specific amount and payment method of liquidated damages need to check the contract you signed with the guarantee company. Usually, the contract will clearly stipulate the liability for breach of contract and related expenses. You can read the terms of the contract carefully, understand the amount and payment method of liquidated damages, and perform the corresponding obligations according to the contract requirements.
Third, the solution is that you need to communicate with the guarantee company in time to understand the exact amount and payment method of liquidated damages and complete the relevant payment within a reasonable time. If you encounter financial difficulties and can't pay the liquidated damages in one lump sum, you can negotiate with the guarantee company to make an installment plan and find a way to solve it.
To sum up, the second-hand car you bought was mortgaged by the guarantee company. Because of many overdue, the guarantee company requires you to pay liquidated damages. In order to solve this problem, you should read the terms of the contract carefully, communicate with the guarantee company, and fulfill the liability for breach of contract according to the contract requirements. If you have financial difficulties, you can discuss the installment payment solution with the guarantee company.
Extended data:
Guarantee companies play an important role in automobile mortgage. They provide credit guarantee for car buyers and enable them to obtain loans from financial institutions. The guarantee company will evaluate the financial status and credit history of car buyers and decide whether to provide guarantee according to the evaluation results. In the process of automobile mortgage, car buyers need to pay the installment payment on time to avoid overdue or default. If the buyer fails to pay the money on time or breaches the contract, the guarantee company has the right to require him to bear the corresponding liabilities for breach of contract, including paying liquidated damages.
Please note that the above is a general description, and the specific situation may be different due to individual car purchase contracts and guarantee company policies. I suggest you know the terms of the contract in detail according to the actual situation, communicate with the guarantee company and reach a solution.