2. Auto mortgage means that the borrower or the third party takes a car or car as collateral to obtain a loan from a financial institution or an auto loan company. At present, the main purpose of loans secured by automobiles is automobile consumption. Of course, cars depreciate quickly, and traffic accidents have a high probability of affecting the value of vehicles. There are relatively few ways for financial institutions to issue loans with cars as a single mortgage.
3. According to the provisions of the Property Law, the registration system shall be implemented when real estate and related rights are mortgaged, while the registration system shall be implemented when movable property such as production equipment and means of transport are mortgaged. According to this regulation, automobile mortgage is registered against the system, and failure to register will not affect the validity of the contract.
4. The Guarantee Law stipulates that the vehicle mortgage registration takes effect, that is, the mortgage contract takes effect from the date of registration. However, according to the principle that the new law is superior to the old law, Article 178 of the Property Law stipulates that if the Guarantee Law is inconsistent with this law, this law shall apply. Therefore, the vehicle mortgage will take legal effect as long as the contract is signed.
The collateral that the extended information and registration department can handle is as follows:
(a) the land management department that issued the certificate of land use right is the land use right holder mortgaged by the land use right without fixed objects on the ground.
(2) Departments designated by local people's governments at or above the county level where buildings such as urban real estate or factories of township (town) and village enterprises are mortgaged.
(3) Where forest trees are mortgaged, the competent forestry authorities at or above the county level.
(4) Where an aircraft, ship or vehicle is mortgaged, it shall be the registration department of the means of transport.
(5) If the equipment and other movable property of the enterprise are mortgaged, you can apply to the administrative department for industry and commerce where the property is located and apply for a loan from the bank with all the above property as collateral. ?
Baidu encyclopedia-automobile mortgage bank loan