Mortgage to buy a car is mainly from that institution, and the green paper on vehicles is mortgaged in the lending institution.

After the lender and the mortgagor sign the mortgage contract, both parties must register the mortgaged property in accordance with the relevant laws and regulations. The mortgage contract shall take effect from the date of registration of the collateral and shall be terminated when the borrower pays off all the loan principal and interest. After all the collateral is set, all the documents (originals) that can prove the ownership of the collateral and the insurance documents (originals) of the collateral shall be kept by the lender, and the lender shall bear the responsibility for keeping them.

Therefore, after the vehicle is lent, the green copy of the vehicle is mortgaged to the lending institution, but the lending institution will detain the green copy. This is because after the vehicle is mortgaged, its mortgage right will be owned by the lending institution, which needs to register and seize the Green Paper.

Extended data:

The green paper on vehicle loans and car purchases is mortgaged to lending institutions.

The car loan should be mortgaged. The green copy of the car is the legal proof of the ownership of the car. It is kept by the owner and not carried with the car. After that, any vehicle transfer, transfer and other registration needs to be issued, which records the relevant information of the vehicle, which is equivalent to the household registration book of the vehicle.

The Green Paper on Mortgage of Car Loan is to mortgage the motor vehicle registration certificate, which is equivalent to the identity card of the vehicle. It is also the legal proof of vehicle ownership. Before the loan is paid off, the ownership of the vehicle belongs to the lending institution. Only after the lender pays off all the loans owed, cancels the mortgage and goes through the mortgage cancellation procedures can it be recognized as vehicle ownership.