A car loan is usually issued in the amount of 70-100 percent of the total value of the car, and the car itself will be the collateral and guarantee for the loan. In order to refuse to pay a car loan, you must perform the following steps.
Instructions
Step 1
Check all the papers that you have regarding the car loan. Your credit relationship will begin to operate only when you sign the appropriate agreement. Even if you have passed all the necessary preliminary assessment procedure carried out by the bank, you can simply refuse to receive a car loan if the agreement has not been signed. In this case, you will not have any obligations to the bank, and he, in turn, will not have any claims against you.
Step 2
Make sure that you have signed the loan agreement (for obtaining a car loan), and not the annexes to it or preliminary applications, and the document has been handed over to you. In this case, you still have the right to refuse to receive a car loan. Check if the first loan payment has been made. If one has not been made, refuse the car loan legally.
Step 3
Check, when signing the contract, whether the corresponding documents were signed on the issuance of a plastic bank card or a savings book to which money is transferred under a car loan. From this moment (the moment of signing the contract and all official documents), the contract for the provision of a car loan will come into force.
Step 4
Make sure that you have actually entered into a loan agreement with the bank, and at the same time have already received the entire required amount. In case of refusal to receive a car loan, fulfill all your obligations to the bank ahead of schedule (this is a refusal on a legal basis, according to the concluded agreement).
Step 5
Write an application to the bank for full early repayment of the car loan. Enter the amount that is equal to the amount of the remaining debt, and also take into account the interest that has been accrued since the last payment was made.
