Buying a car with a loan will be fully insured, and the requirements of banks are the same all over the country.

Because the property right of the car is not yours during the loan period, you use your car as collateral, and then cancel the mortgage after you pay off the loan.

Loan to buy a car means that during the loan period, your real estate license, car purchase invoice and all-insurance policy should be placed in the bank, and then the mortgage will be released after you pay off the loan.

You don't need a full mortgage. Not that much.