The ownership of the car must be guaranteed. Car mortgage: After the vehicle mortgage registration, you need to park the car in the garage set up by the lending institution, and you can't continue to use the car. The loan amount is higher than that of non-parking mode, the interest rate is lower than that of non-parking mode, and the loan period is longer than that of non-parking mode, so GPS is not needed.

Who doesn't mortgage the car: You only need to go through the relevant formalities of mortgage the car, and you can continue to use the car after handling the loan. It is necessary to install GPS in the car, and the installation fee shall be borne by the borrower. Correspondingly, the loan amount is not as good as the former, and the interest rate has no advantage. The loan term is generally short-term.