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Can a private car change from business to non-business to apply for a mortgage or a credit card?
1. Can I apply for a mortgage loan or a credit card for a private car whose business is changed to Africa?

I can't recommend an answer, because it will only be sold if the business falls through. It's expensive now, and old cars are repaired almost every day.

Second, can I buy a car from business to non-business?

Under normal circumstances, it is not recommended to buy this type of car, because the working intensity of operating cars is relatively high, so the probability of failure is higher than that of ordinary private cars. However, when encountering a vehicle with a short time, for example, the operation time is about one year, the condition of this vehicle usually has no impact.

The so-called shift from operating vehicles to non-operating vehicles means that taxis are common operating vehicles, while our own private cars are non-operating vehicles. Under normal circumstances, it is not recommended to buy this type of car, because the working intensity of the operating car is relatively high, so the probability of failure is higher than that of ordinary private cars, and it is mandatory to scrap according to the standards of operating cars.

Ordinary taxi drivers don't care about vehicles at all during driving, so the wear and tear of non-vehicles is very serious. In addition, it runs at full load almost 24 hours a day, so its service life will definitely be shortened. However, when a vehicle is used for a relatively short time, for example, the operation time is about one year, the condition of this vehicle usually has no effect. At this time, look at the price, even if it is slightly more expensive than a vehicle with a shorter remaining service life, it is worth buying.

Besides, everyone's car change cycle is generally around 5 years. Especially for friends who buy used cars, they basically change to new cars after five years. If they encounter a truly cost-effective "business-to-non" vehicle, they can still consider starting with it, and maybe they can really get a big bargain.

Third, can a car that has changed from business to non-business get a loan?

Loans can be made for non-vehicles or normal loans, but the evaluation price of loans is lower than that of a single vehicle. Because there are retirement years, it is generally 15 years. And the loan period plus car age cannot exceed 15 years. If you want to buy this kind of vehicle, you should be prepared for the bank to ask you to increase the down payment, which may reach 50% or even higher.

4. Can I get a loan for a car that changes its business to Africa?

Legal analysis: For car loan companies, the nature of a used car has a great influence on the price. For example, if the business turns to non-vehicles, the depreciation rate and speed of vehicles will be larger and faster than that of non-operating vehicles, and there will be a mandatory retirement period, so it is necessary to comprehensively consider asset realization and asset value depreciation.

Legal basis: Article 12 of the Regulations on Motor Vehicle Registration stipulates that if an operating vehicle is changed to non-operation or non-operation is changed to operation, it shall apply to the vehicle management office for registration of change after the change, and submit legal certificates and vouchers.