Can a car bought with a loan be transferred to someone else’s name? This condition must be met

Although it is easier to get a loan to buy a car than to buy a house, it also depends on the qualifications. For example, some people who are not qualified will ask their family members to take out a loan to buy the car and then transfer it to their name. For lenders, there are conditions for transferring a car bought with a loan to someone else's name. Let's briefly introduce it today.

Can a car bought with a loan be transferred to someone else’s name? It must be analyzed based on the car loan repayment situation. If you buy a car with a loan and the car loan has not been paid off, you cannot transfer it to someone else's name. In other words, you cannot transfer the car together with the car loan, because you can only transfer the car, not the loan. After all, when buying a car with a loan, although the right to use the vehicle is in the hands of the lender, the property rights of the vehicle are not yours. For example, for a loan from a bank, the motor vehicle registration certificate is mortgaged to the bank and cannot be transferred at the vehicle management office. Yes, unless the lender releases the mortgage after paying off the loan and gets the greenback back. If you pay off the loan and transfer the car to someone else, there may be transfer fees, depending on the method of transfer. 1. If there is no transaction in the direct transfer, you only need to prepare relevant information, such as the certificates and copies of both parties, the original and copy of the vehicle driving license, the original and copy of the motor vehicle registration certificate of the transferred vehicle, and go to the vehicle management office to handle it. , no charge is required; 2. For transaction transfer, you need to fill in the "Old Motor Vehicle Sales Contract", and a transfer fee will be charged. The charging standards are different in different regions. For example, some are based on the vehicle's usage, year of purchase, displacement, load, etc. , the fee is between 200 and 800 yuan; some charge 2% of the vehicle’s appraised price. The above is the relevant introduction to "Can a car bought with a loan be transferred to someone else's name?" I hope it will be helpful to everyone. Can I transfer a car loan to someone else?

Car loans cannot be transferred.

Because the vehicle is mortgaged to a lending institution, if you want to transfer the vehicle, you must obtain the consent of the creditor or pay off the loan. Then the lender uses relevant information to release the mortgage to the relevant department before the vehicle can be transferred.

Legal Basis

Article 406 of the Civil Code states that during the mortgage period, the mortgagor may transfer the mortgaged property. If the parties agree otherwise, such agreement shall prevail.

If the mortgaged property is transferred, the mortgage rights will not be affected. If the mortgagor transfers the mortgaged property, it shall promptly notify the mortgagee.

If the mortgagee can prove that the transfer of the mortgaged property may damage the mortgage rights, he may request the mortgagor to pay off the debt in advance or deposit the proceeds from the transfer to the mortgagee.

The portion of the transfer price that exceeds the amount of the creditor's rights belongs to the mortgagor, and the shortfall will be paid off by the debtor. Can I transfer the ownership of a car to someone else after taking a loan to buy a car?

After buying a car with a loan, you can transfer the ownership to others, but the prerequisite is that you must pay off the unpaid loan balance at once and bring your valid ID card. , go to the loan bank to issue a loan settlement certificate with the repayment details, and then go to the vehicle management office to release the mortgage. Once you get the green copy, you can handle the transfer.

However, if the borrower has no money to repay the loan himself, he can borrow money from relatives and friends, or ask the transferor to pay off the loan before completing the transfer.

A car loan refers to a loan issued by a lender to a borrower who applies to purchase a car. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loans refers to the ratio of the loan amount and principal issued by banks to consumers, that is, borrowers, for the purchase of self-use cars (non-profit family cars or business cars with 7 seats or less (inclusive)). The higher the interest rate, the greater the repayment amount the consumer will have to pay.

Car loan types

Personal loan car purchase business is divided into three types: direct customer loan, indirect customer loan, and credit card car loan. The direct customer type is generally a bank car loan where the customer meets directly for the loan, and the indirect customer type is generally a car finance company car loan where the auto finance company transfers the customer to the customer.

For direct bank car loans, the fees charged are deposit, principal and interest, 3% guarantee fee, etc. The fees for high-quality bank customers will be discounted, but each bank has different preferential policies. .

In addition to paying the above fees, a car loan from a Jianke Auto Finance Company also needs to pay regulatory fees, fleet management fees, and warranty renewal deposits

The other is a credit card car loan. Credit card installment car loan only provides installment payment to bank credit card users. It cannot be applied for under any conditions. There is also an review process. It is difficult for credit card users with bad credit records to apply.

The specific steps for credit card installment car purchase are as follows:

1. The cardholder (or applicant) calls the bank's credit card center or goes to a local bank to find out whether he or she can apply for a credit card car. loan.

2. The cardholder goes to the dealer with his or her ID card to fill out the Car Purchase Installment Order on site, and submits it to the bank's backend for review.

3. When the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.

4. After the vehicle has a license plate, the cardholder needs to go through the mortgage procedures with the bank and purchase the required types of auto insurance.

5. Finally we can drive the car away smoothly.

Loan Amount

The maximum loan amount generally does not exceed 80% of the selling price of the purchased car.

Loan conditions

1. Have valid identity certificate and full capacity for civil conduct;

2. Be able to provide proof of fixed and detailed address;

3. Have a stable career and the ability to repay the principal and interest of the loan on time;

4. Have good personal social credit;

5. Hold a car purchase contract or agreement recognized by the lender ;

6. Other conditions stipulated by the cooperative institution.

Application materials

1. Original ID card, household registration booklet or other valid residence documents, and provide copies;

2. Proof of occupation and economic income , personal account flow list for the past 6 months;

3. Car purchase agreement, contract or letter of intent to purchase a car signed with the dealer;

4. Other documents required by the cooperative agency .