The car is owned by the user. Even if the loan is not repaid, the other company is not qualified to detain the borrower's car. However, if the online loan company sues the court, and the court finds that the borrower has the ability to pay back the money but deliberately refuses to pay back the money of the online loan company, the court is qualified to make a judgment on the borrower's car.
If it is not prosecuted by the court, the online loan company is not qualified to detain the borrower's car.
Extended data
Solutions that cannot repay online loans:
If it is really unable to repay, it shall negotiate with the lending institution to extend the repayment period or repay it in installments, and bear high overdue fees.
For overdue fees, different online lending platforms have different names and different charging standards, and the charging standards are very high. Therefore, if you have the ability to repay on time, don't be overdue, and the credit information of the People's Bank of China will be tainted. At present, most online lending platforms have not been connected to the credit information system of the People's Bank of China.
However, access to the credit information system of the People's Bank of China has become an inevitable trend. In the future, the overdue online lending platform will be recorded in the credit information system of China People's Bank like bank loans and credit cards, resulting in a credit stain.
Phoenix. Com- what if the loan is not available?