The brand of automobile is one of the factors that affect the amount of automobile mortgage. Generally speaking, the value of well-known brands of vehicles is higher, and the corresponding mortgage loan amount will be higher.

For example, when Mercedes-Benz used cars are mortgaged, because of its high brand awareness and stable vehicle value, it may be possible to obtain higher mortgage loans.

However, it is not enough to be famous just because of the brand. The configuration and age of the car will also affect the mortgage loan amount of the car.

Factor 2: the model of the car.

Vehicle type is also one of the factors that affect the amount of automobile mortgage. Different models have different popularity in the market, so different types of vehicles can get different mortgage loans.

For example, the mortgage amount of luxury cars is often higher than that of small cars, because luxury cars are more popular in the market and the value of vehicles is higher.

Factor 3: car condition.

Car condition is also one of the factors that affect the amount of car mortgage. The maintenance and use of vehicles will directly affect the value of vehicles. If the vehicle is properly maintained and used in good condition, the mortgage loan amount of the vehicle will increase accordingly.

In addition, the appearance of the vehicle is also very important. If the appearance of the vehicle is poor and there are serious scratches or impact marks on the body, the mortgage loan amount of the vehicle will be reduced.

Factor four: the number of kilometers traveled by the car.

Automobile mileage is also one of the factors that affect the amount of automobile mortgage. Generally speaking, the lower the number of kilometers, the higher the mortgage loan amount.

For example, a new car that has hardly been driven will have a higher mortgage than a used car that has traveled 654.38 million kilometers, because the new car has a higher value in the market.

To sum up, the brand, model, condition and kilometers of the car will affect the calculation of the car mortgage amount.