Before the loan is paid off, the car bought by the loan cannot be used to borrow money from the bank in principle. Specifically, the bank shall prevail.

Because the mortgaged car belongs to the lending institution, it only has the right to use, and the ownership of the car is not entirely in the owner's name. For collateral with unclear property rights, banks will not accept mortgages, and it is not feasible to obtain mortgage loans. Because the car under mortgage is mortgaged to the bank, this kind of car can't apply for mortgage loan before it is released, so only when the borrower pays off the car loan and goes through the mortgage formalities can he apply for a loan as a mortgage. In addition, even if there is full ownership of the car, the bank usually will not accept automobile mortgage, because the car depreciates quickly and the risk is high, so the bank will not accept it.

Bank automobile mortgage condition

1. automobile mortgage is a loan secured by a borrower's or a third party's car or self-purchased car, which is obtained from a financial institution or an auto consumption loan company.

2. Loans with automobiles as collateral are mainly for automobile consumption.

3. The car depreciates quickly, and traffic accidents have a high probability of affecting the value of the car. There are few ways for financial institutions to issue loans with cars as a single mortgage.

4, car loan application materials:

1) Original ID card, household registration book or other valid proof of residence, and provide a copy;

2) Proof of occupation and economic income;

3) Car purchase agreement, contract or letter of intent signed with the dealer;

(4) Other documents required by the Cooperation Organization.

If you want to apply for car mortgage in the bank, the bank agrees. First of all, your car should be evaluated in an evaluation institution recognized by the bank to see what the evaluation value is, and then you can get a loan of up to 50% according to the evaluation value.

6. If you can't use a car mortgage bank, you can also consider going to a company or pawnshop.

Can the loan car go to the second mortgage?

Vehicles can be mortgaged for the second time, but certain conditions need to be met. The specific requirements are as follows:

First, the value of the vehicle is sufficient to meet the conditions of secondary mortgage compensation;

Second, the procedures for the second mortgage should be complete and there should be no omissions, just like the operation of the first mortgage;

Third, the mortgage car side needs to have a stable economic income, that is, the ability to repay;

Fourth, one party to the automobile mortgage needs to meet other requirements put forward by the lender.

Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity.

Collateral is generally easy to preserve, wear and tear and sell, such as securities, bills, stocks, real estate and so on. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.

Mortgage form

Mortgage is divided into two forms: maximum mortgage and traditional mortgage. Maximum mortgage means that the mortgagor and the mortgagee agree to use collateral to guarantee the creditor's rights that occur continuously in a certain period of time, which is a new mortgage system different from the traditional mortgage system. Compared with the traditional mortgage system, the difference lies in:

(1) The creditor's rights secured by the maximum mortgage amount are uncertain creditor's rights;

(2) The creditor's rights secured by the maximum mortgage are usually future creditor's rights;

(3) if there is a maximum mortgage, it must exceed the maximum payment;

(4) The maximum mortgage shall not be transferred with the transfer of the principal creditor's rights. Although the maximum mortgage is more independent than the traditional mortgage, it still belongs to the collateral, and its establishment mode and effect are not essentially different from the traditional mortgage.

Information to be provided by the Mortgagor:

1. A written application of the mortgagor agreeing to mortgage and relevant certificates;

2. Qualification certificate of the mortgagor;

3. Proof of ownership (or disposition right) of the mortgaged property;

4. Basic information of the collateral;

5. Other relevant information.

Can the car bought by loan be mortgaged?

The car bought by the loan can be mortgaged, even if the balance has not been paid back, it can also be used as collateral. According to Article 35 of the Guarantee Law, after the property is mortgaged, its value is greater than the balance of the secured creditor's rights, but it shall not exceed the balance. In other words, when the value of the vehicle is greater than the outstanding loan amount, it can be used as re-mortgage. The following are car mortgages with loans: 1. It is sometimes necessary to mortgage a car with a loan. However, due to the different conditions of each bank, the mortgage problem depends on which bank has automobile mortgage at present, including: insurance policies, car purchase invoices and other related documents kept by banks during the loan period; 2. If you choose an auto financing company, then the registration certificate of loan and car purchase needs to be put in the company's mortgage credit card to buy a car. When most banks handle the relevant credit card installment car purchase business, the mortgage contract signed between the lender and the bank will mortgage the car to the bank for risk control. When the lender repays the loan, it can go through the formalities of cancellation of vehicle mortgage registration.

Can the loan car be mortgaged? It is important to understand this.

Friends who apply for a vehicle mortgage loan for the first time should know that when they go to the local vehicle management office to register in registered permanent residence, they will register the vehicle mortgage, and the motor vehicle registration certificate will have relevant records such as the mortgagee and the date of mortgage registration, indicating the ownership of this car, and the only thing that belongs to them is the temporary use right of this car, so many people ask, can a loan car with full use right still be mortgaged?

1. Can the loan car be mortgaged?

No, this is a clear vehicle loan condition of many lending institutions, which requires that the vehicle is currently in a non-mortgage state. There may be two reasons:

1, unclear property rights, easy to cause, increasing loan risk;

2. Vehicles applying for loans, whose motor vehicle registration certificates and other related materials have been taken to the bank for safekeeping, cannot be taken back for secondary mortgage.

Second, the loan car can be mortgaged.

1. The loan car has paid off the loan.

If the loan has been paid off, the bank or financial company needs to issue a loan settlement certificate, and the lender can get back the motor vehicle registration certificate and other related materials and cancel the vehicle loan mortgage at the vehicle management office where the household registration is located. The ownership belongs entirely to him, and of course he can continue to mortgage twice.

2. The loan car value is greater than the loan balance.

This is a legally recognized mortgage condition. As long as the mortgaged part does not exceed the loan balance, and some lending institutions are willing to accept it, for example, the down payment exceeds 70%, or the loan balance is lower than 30% after a period of mortgage, and the value of this part of the property is higher than the loan balance, you can mortgage the loan again.

The above is about "Can the loan car be mortgaged?" I hope I can help you.

Can the car bought by loan be used as collateral?

No, the car has been mortgaged. Some companies will deduct invoices and vehicle registration certificates when mortgage. Without a vehicle registration certificate, it is impossible to handle legal mortgage procedures.

There is a vehicle registration certificate, but the vehicle management office records the state of the vehicle as collateral. Of course, the vehicle management office is not allowed to use the vehicle that has been mortgaged to others as collateral.

Each bank may have different regulations and flexible methods. Please ask the bank for details.

Extended data:

Loan description:

1, Vehicle License: After the money is lent out, the vehicle is still for your own use.

2. Fast loan: after the mortgage is completed, the loan can be released as soon as 1 day.

3. Wide use: it can be used for business purposes such as purchasing and purchasing, and can also meet consumer needs such as decoration, tourism and wedding.

Automobile mortgage material

1, valid proof of the owner's identity. Such as ID card, residence permit, etc.

2. Vehicle registration certificate, including vehicle driving license, insurance documents, spare keys, etc.

Automobile mortgage processing flow

1. The applicant applies for mortgage loan from the auto loan company;

2. The company receives and collects automobile information;

3. Car inspection, car inspection, test run and car evaluation;

4. Both parties shall determine the mortgage term, mortgage fee and management fee; Install GPS.

5. Sign a mortgage loan contract, register, and lend money by the company;

6. The borrower repays the loan on schedule.