First, it means that the car is mortgaged, and this car was bought by one-time payment or by installment, and the money has been paid back. This is a full car.

2. Article 22 of the Regulations on Motor Vehicle Registration clearly stipulates that "if a motor vehicle owner mortgages a motor vehicle as collateral, he shall apply for mortgage registration in dmv, the place of registration. With the motor vehicle registration certificate and the identity certificates of the mortgagee and mortgagor, fill out the Application Form for Motor Vehicle Mortgage/Cancellation of Mortgage Registration, and affix the official seal of the unit to handle it at the relevant window.

third, the advantages of automobile mortgage;

1. Get cash flow quickly, and don't sell the car, so that it will take a lot of time and cost to buy a car again when the funds come back.

2. Avoid the embarrassment of borrowing money from relatives and friends, and avoid others knowing that you are short of funds.

3. You don't need a local hukou, you can mortgage the loan as long as the car is my own.

4. You don't need to make an appointment for a long time. You can get a loan as long as it's a regular and legal vehicle, and you don't need any deposit in the early stage. As long as it's a legal vehicle and a qualified vehicle, put an end to brand-name vehicles, assemble vehicles, etc., and if necessary, investigate the vehicle or hand it over to the public security organ for handling.

5. Flexible, you can repay the car immediately when the funds are withdrawn, without penalty.

6. Get cash flow immediately. It is the best choice for short-term investment and short-term turnover. Because this society needs a car, and it has feelings after using it, it wastes time and energy to sell it to get turnover.

Extended information:

Legality of mortgaged vehicles

1. Mortgaged vehicles are divided into full-value mortgaged vehicles and non-full-value mortgaged vehicles. A fully mortgaged vehicle must meet one of the following conditions:

The vehicle was purchased by one-time payment;

the car purchased by installment has been repaid, but the boss is unwilling or unable to repay the finance company, and the ownership is transferred without cooperation, and the debt is legally transferred by the finance company. It is legal and safe to buy such mortgage cars.

A car that is not fully mortgaged means that the car is still in the state of car control and bank mortgage. Be careful when buying this car. If the owner does not repay the car loan, the car will be sealed up sooner or later. But car owners who fail to pay their car loans may be sued for contract fraud.

2. source of mortgage car

"mortgage car" literally belongs to the same category as mortgaged property or land, and refers to the mortgaged property provided by financial institutions when the owner or owner is in urgent need of cash. There are two sources of mortgage cars: one is directly from state-recognized investment companies, guarantee companies and pawn shops, and the other is loan pledge from private financial companies.

the purchase price of mortgage cars is very cheap, usually 6% or even half of the market price of used cars. For example, the market value of a car is 2, yuan, but as a mortgaged car, it can only sell for 12, yuan at most, which will save buyers a lot of purchase costs.

however, the sources of many mortgaged cars are not very clear. Once the buyer buys an illegally stolen car, there will be many problems in the later stage.

3. Reasons for not being able to transfer money

Because the original owner has mortgaged the "Registration Certificate" (green copy) to the bank or financial institution when buying a car, the status is displayed as "Mortgaged".

Then, I promised the pawnbroker and the vehicle that the boss had no money to repay and chose to operate, so the mortgage company "registered the certificate" and then sued the car in court. The new RDB with the status of "sealed" grasped the significance that the car was forbidden to transfer the automobile trade, so it could not be transmitted normally.

Baidu encyclopedia-automobile mortgage