Motor vehicle mortgage registration means that the motor vehicle owner mortgages the motor vehicle as collateral, and the motor vehicle owner shall apply to the traffic management department of the public security organ for motor vehicle registration for mortgage registration. According to the relevant laws and regulations, if the vehicle is mortgaged, the mortgage right shall be established when the mortgage contract takes effect. In other words, when the mortgaged car signs the mortgage contract, the mortgage right has already taken effect, and it can take effect without registration. Without registration, you may not be able to fight well-intentioned third parties. Although mortgage registration is not required for car mortgage, if it is not registered, the car will be bought, sold or rented by a bona fide third party who does not know that the car has been mortgaged, and the losses caused thereby cannot be compensated by the bona fide third party. After mortgage registration, the mortgagor shall compensate the mortgaged vehicle for any loss during the loan period. If the mortgagor fails to repay the loan within the time limit, the mortgagee has the right to transfer or buy or sell the vehicle.

Legal analysis

Article 395 of the Civil Code of People's Republic of China (PRC) The following properties that the debtor or a third party has the right to dispose of may be mortgaged: (1) Buildings and other land attachments; Second, the right to use construction land; (3) the right to use the sea area; (4) Production equipment, raw materials, semi-finished products and products; (5) Buildings, ships and planes under construction; (6) means of transportation; (seven) other property not prohibited by laws and administrative regulations. The mortgagor may mortgage the property listed in the preceding paragraph together.