Will I be prosecuted if I owe Huitong New Town a car rental loan of more than 60,000 yuan? Will the property be confiscated?

Will sue, will confiscate the property. According to the information of the legal system network, when the car loan is overdue for more than three months in a row, the lending institution has the right to terminate the loan contract in advance and ask the customer to make a one-time repayment. If the account is not settled, the lending institution will dispose of the mortgaged vehicle as required. Moreover, if the overdue nature is bad, there will be a court forced auction, and other property under the name may also be frozen for disposal.