Under what circumstances will a car be shown as seized?

[JamesLynn]

Vehicles will be shown as seized in cases of overdue installment payments, smuggling, or when the owner has outstanding debts. Seizure due to overdue installment payments: Vehicle loans are typically structured as three-year or five-year installment plans. If payments are not made on time, the account will become overdue. The bank will send reminders, but persistent delinquency will result in the vehicle being blacklisted. The bank may then file a notice with the court to seize the vehicle for asset preservation, preventing the owner from transferring ownership. Seizure of smuggled vehicles by law: If a vehicle is not sourced through legitimate channels, it may be subject to seizure by authorities during investigations, primarily due to tax evasion. Such vehicles will be prohibited from annual inspections and ownership transfers. Seizure due to owner's debt and creditor lawsuits: If a car owner faces financial difficulties after purchasing a vehicle, creditors may file a lawsuit. Upon verification by the court, the debtor's vehicle and other assets may be seized to facilitate a judgment on asset ownership. Until the court ruling is issued, the vehicle will remain displayed as seized in the traffic management system (e.g., 12123 platform).