An expired car refers to a mortgaged car, and the owner fails to pay back the money within the final repayment period. At this point, the mortgage period of the mortgaged car expires and the car belongs to the mortgagor. In addition, during the period of vehicle mortgage, the mortgagor shall not dispose of the collateral without the consent of the mortgagee. Similar to the meaning of mortgage car, the expiration of mortgage car means that the loan agreement signed by the mortgagor and the owner has expired. At this time, the lender needs to withdraw funds, so it needs to dispose of the vehicle; If someone wants to buy a mortgage car, they must carefully check the debt clarity and safety measures of the car before buying, such as removing the gps of the original device of the car, reinstalling the hidden lock, shielding the key and so on. In other words, a mortgage car is a loan car.

Million car purchase subsidy