Because of the rapid depreciation of cars, it is recommended to use car mortgage, and the loan period is not long, generally not more than one year. Suitable for borrowers who need funds in the short term. If they need to use funds for a long time, it is not recommended to apply for a car mortgage.
Only the borrower owns a car with an estimated value of not less than 50,000 yuan and a car age of not more than 5 years can he apply for a car mortgage.