If you apply for a car mortgage in a bank, it usually takes about 15 days; If you apply for a car mortgage in a financial institution, it usually takes 3 to 5 days, depending on the actual situation. Generally speaking, the appraisal price of a car is determined by the appraisal institution, and the mortgage rate of a car is determined by the borrower's credit status and repayment ability.

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Steps of motor vehicle mortgage: prepare materials, submit them to relevant institutions, evaluate, entrust notarization, notarize loans, go through mortgage registration procedures, and lend them to the owners.

Preparation materials or certificates: the owner has a certificate of stable occupation, occupation and economic income; , to the local dmv for registration; When mortgaging, you need to show your ID card or residence permit, motor vehicle registration certificate, driving license, purchase additional tax certificate, car purchase invoice, insurance policy, travel tax and other documents.

Vehicle mortgage processing steps:

1. The owner submits the materials that need to be prepared to the financial institution, and the financial institution conducts home visits to the owner according to the materials;

2. Make a preliminary appraisal of the mortgaged vehicle and reserve the loan amount;

3. The car mainly handles entrustment notarization and loan notarization;

4. The financial institution will keep the relevant documents applied by the owner and go to the vehicle management office for mortgage registration;

5. Financial institutions lend to car owners according to the vehicle value limit.

Usually the car mortgage rate is around 60%. For example, a 300,000 new car mortgage loan is generally evaluated as 200,000 because of the rapid depreciation of the car. According to the mortgage rate of 60%, you can borrow 6.5438+0.2 million yuan.

Legal basis: To apply for mortgage registration according to Article 22 of the Regulations on Motor Vehicle Registration, the motor vehicle owner (mortgagor) and mortgagee * * * shall fill in the Application Form for Motor Vehicle Mortgage/Cancellation with the following documents and vouchers:

(1) Identity certificates of the mortgagor and mortgagee;

(2) Motor vehicle registration certificate;

(three) the main contract and mortgage contract concluded by the mortgagor and the mortgagee according to law.

The vehicle management office shall record the contents of mortgage registration on the motor vehicle registration certificate within one day from the date of acceptance.

Twenty-third vehicle management office mortgage registration, shall register the following contents:

(a) the name of the mortgagee or the name of the unit, the name of the identity document, the number of the identity document, the address, the postal code and the contact telephone number;

(two) the main contract and mortgage contract number;

(3) Date of mortgage registration.

Problems that automobile mortgage should pay attention to.

When we apply for car mortgage, after all the relevant procedures are completed, we must go to the car management department to apply for car mortgage with our lending institution and sign our names on the motor vehicle registration certificate.

This is the real security. After this procedure is completed, neither of us can buy or sell the car casually. Of course, if we can't continue to repay the loan, then the lending institution can auction our car.