Vehicles can be mortgaged for the second time, but certain conditions need to be met. The specific requirements are as follows:

First, the value of the vehicle is sufficient to meet the conditions of secondary mortgage compensation;

Second, the procedures for the second mortgage should be complete, and there should be no omissions, just like the operation of the first mortgage;

Third, the mortgage car side needs to have a stable economic income, that is, the ability to repay;

Fourth, one party to the automobile mortgage needs to meet other requirements put forward by the lender.

Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity.

Collateral is generally easy to preserve, wear and tear and sell, such as securities, bills, stocks, real estate and so on. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.

Mortgage form

Mortgage is divided into two forms: maximum mortgage and traditional mortgage. Maximum mortgage means that the mortgagor and the mortgagee agree to use collateral to guarantee the creditor's rights that occur continuously in a certain period of time, which is a new mortgage system different from the traditional mortgage system. Compared with the traditional mortgage system, the difference lies in:

(1) The creditor's rights secured by the maximum mortgage amount are uncertain creditor's rights;

(2) The creditor's rights secured by the maximum mortgage are usually future creditor's rights;

(3) if there is a maximum mortgage, it must exceed the maximum payment;

(4) The maximum mortgage shall not be transferred with the transfer of the principal creditor's rights. Although the maximum mortgage is more independent than the traditional mortgage, it still belongs to the collateral, and its establishment mode and effect are not essentially different from the traditional mortgage.

Information to be provided by the Mortgagor:

1. A written application of the mortgagor agreeing to mortgage and relevant certificates;

2. Qualification certificate of the mortgagor;

3. Proof of ownership (or disposition right) of the mortgaged property;

4. Basic information of the collateral;

5. Other relevant information.

Where can I get a second loan for a mortgage car?

You can get a second loan from a bank or an auto financing company. However, some necessary conditions must be met. The conditions that the automobile secondary mortgage borrower needs to meet include:

1, the procedures for the second mortgage of the car should be complete.

2. The borrower has a legal and stable income source and repayment ability.

3. The car with secondary mortgage has room for remortgage.

4. Other conditions required by the lending financial institution.

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. The actual interest rate of car loan is determined by the handling bank according to the actual situation of customers and with reference to the benchmark loan interest rate stipulated by the central bank. There are three types of car loans: direct customer loans, inter-customer loans and credit card car loans. The term of car loan is generally 1-3 years, and the longest is 5 years.

Two, the borrower must be a permanent resident of the lender's location, and have full capacity for civil conduct. The actual interest rate of car loan is determined by the handling bank according to the actual situation of customers and with reference to the benchmark loan interest rate stipulated by the central bank. Generally, customers with excellent conditions can enjoy the benchmark interest rate or float about 10%, while ordinary customers need to float about 10% on the basis of the benchmark interest rate. Personal loan car purchase business is divided into direct customer loans, inter-customer loans and credit card loans. The direct customer type is generally the bank car loan directly encountered by the customer, and the intermediate customer type is generally the car loan from the auto finance company to the customer.

3. For direct customer bank car loans, the fees charged include deposit, principal and interest, 3% guarantee fee, etc. There will be preferential treatment for high-quality customer fees of banks, but the preferential policies of each bank are different. In addition to paying the above fees, the inter-customer auto financing company also needs to bear the supervision fee, fleet management fee and warranty renewal deposit. And credit cards, car loans. Credit card installment loan only provides installment payment for bank credit card users and does not provide any conditions. There is also an audit procedure, which is very difficult for credit card users with bad credit records.

Fourth, after the car loan is successfully handled, it must be repaid on time. Only by saving enough money before the deduction date every month can the bank recover the loan smoothly. However, if the deduction is unsuccessful that day, it will be deducted again, but it may still be overdue. The deduction time of each bank is different, but the repayment date is only deducted once. Some banks deduct money from the early hours of the morning, and some will deduct money after 17:00. In order to ensure the smooth deduction, it is recommended to deposit enough monthly payment in the repayment card one day before the deduction date. If the deduction is unsuccessful that day, the deduction will be made again every day from the second day of the repayment date. How much to deduct according to the reason, until the monthly payment of the month is deducted. Anyway, as long as the monthly payment is not paid off, it will be deducted every day.

Can a mortgage car get a second loan?

A mortgage car can get a second loan, but the following conditions must be met:

1. There is room for remortgage for cars with secondary mortgage.

2. The procedures for handling the secondary mortgage of automobiles should be complete.

3. The borrower has a legal and stable income source and repayment ability.

4. Other conditions required by the lending institution.

Article 36 of the Commercial Bank Law: When a commercial bank lends money, the borrower shall provide a guarantee. Commercial banks should strictly examine the repayment ability of guarantors, the ownership and value of collateral, and the feasibility of realizing collateral. After examination and evaluation by a commercial bank, it is confirmed that the borrower has a good credit standing and can repay the loan, and no guarantee may be provided.