Many years ago, Mr. A purchased an Audi A8 high-end car from Hangzhou FAW Trading Company through a bank loan. Afterwards, Mr. A failed to repay the principal and interest of the loan as scheduled and became a defendant. The court ruled that Mr. A should bear corresponding responsibilities according to law. Because there was no property in his name that could be enforced, and he only had this car purchased with a loan, the court seized the car's registration file in accordance with the law. However, Mr. A has already secretly sold the mortgaged vehicle to others, and the vehicle has disappeared after changing hands many times.

After various investigations, the court found that the car appeared in Shenyang. B bought this car for 300,000 yuan from an automobile trading company in Zhangwu three years ago because he wanted the car to be cheap. The court impounded the vehicle on the spot in accordance with the law.

There are many cases similar to the above. There are many "mortgage cars" for sale in the second-hand car market. The prices of such cars are extremely attractive, usually only 50 to 40% off the market price or even lower. Many people just can't resist the temptation of price and take the road of buying a mortgaged car. Once "on the road", it means that they need to bear great risks. Why do you say that?

The risks outweigh the benefits

First of all, from a legal perspective, mortgaged cars cannot fight against banks/financial institutions for recovery. The registration certificates of most mortgaged cars are retained by banks/financial institutions due to installments. If the original owner fails to repay the installments, the bank/financial institution has the right to recover the vehicle. Therefore, it is very likely that the bank will sue the court, requesting that your vehicle sales contract be deemed invalid, and then apply to the court for enforcement to take away the mortgaged car. Secondly, the mortgaged car cannot be transferred. At present, mortgaged cars are rarely sold in the second-hand car market. The purchase of such vehicles is basically through mutual introductions from friends or circles. According to my country's Guarantee Law and other relevant legal provisions, car buyers with a mortgage are only equivalent to purchasing the long-term right to use a vehicle, not ownership! Thirdly, there are source risks for mortgaged cars. The source of many mortgaged cars is not very clear. Once the buyer purchases an irregular vehicle such as illegal theft, etc., the risk will be very high. Finally, there is the risk of the mortgaged car being illegally taken into possession. Mortgage cars usually involve economic disputes. When one or more creditors cannot realize their claims, some creditors will entrust other agencies to collect them. Finally, the vehicle may be illegally possessed by other parties.

Compared with the extremely high risk of mortgaged cars, first-hand debt cars are safer.

What is a first-hand debt car?

Debt vehicles are equipment purchased by customers in the form of installments or financial leases. If the customer cannot pay the relevant installments or rent on time and cannot continue to perform the contract, the agent will take it back according to the contract and put it back into the market. Make sales.

Why is a first-hand debt car safer than a mortgaged car?

Specificity of ownership: The ownership of the debt vehicle belongs to the manufacturer and the financial leasing company. What the customer enjoys is the right to possess and use the vehicle. The ownership and disposal rights of the vehicle can only be obtained after the customer has fulfilled all the terms of the contract as agreed. Before that, the ownership of the vehicle will not be transferred.

Limitations of the right of disposal: Debt cars cannot be resold before the existing contract is terminated. They can only enter the market again after the contractual relationship with the original customer is terminated in accordance with the contract or through litigation procedures. area for circulation. Therefore, vehicles that can be sold again are debt-compliant and safe.

Demand drives market scale

Now there are more consumers in the market who tend to buy first-hand debt cars with affordable prices, complete procedures and formal channels. Therefore, with the increase in consumer demand, more and more companies are emerging in the market that are engaged in the first-hand debt car disposal business. In terms of the current market size, South my country, East China, and North China are very mature, and the northwest provinces are also is actively being developed. Jin-e-Wei Assets, an independent brand of Jin-e-Wei Technology, has fully deployed the first-hand debt car disposal business by virtue of more than 10 years of industry experience, resource integration advantages, and strong capital empowerment from central enterprises affiliated to the State-owned Assets Supervision and Administration Commission.

Relying on the company's big data intelligent car-finding business, we open up various formal purchase channels for first-hand debt cars, ensuring that while the resources of debt cars are sufficient, their sources are compliant and the claims are clear.

The national self-built standardized and intelligent first-hand debt vehicle disposal and transaction exhibition hall uses intelligent management systems, information-based supervision equipment and standardized management systems to achieve real-time monitoring of vehicles under management and comprehensively ensure vehicle safety.

While we choose affordable prices, we should also choose safety. Therefore, first-hand debt cars should be a cost-effective choice.

Service: Jinyiwei Assets

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