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I used my car as a mortgage, but I was signed a car sales and lease contract. Will the car still be mine after I pay off the loan? Are there any fees for repaying the money later?

After the loan is repaid, the car belongs to you. The dealer uses a financial leasing method. You may not read the contract carefully. This method is very common on large equipment. There will be no other fees later.

“Car loan” has two types of loans: car mortgage and non-mortgage.

Car escort: Transfer the vehicle to the company and keep it on your behalf. There is a parking lot dedicated to storing the car. There is a dedicated person to monitor the vehicle 24 hours a day, and the vehicle is regularly lighted and warmed up.

No deposit of the car: Customers can choose to deposit the formalities with the company and use the vehicle themselves. Mortgage registration is required. The loan business is flexible and fast. The amount can generally reach 70-80% of the assessment. Generally, the procedures are complete. The loan can be made on the same day. The vehicle mortgage loan has strict requirements: the vehicle is in the personal name, the vehicle is fully paid, the procedures are complete, and the vehicle is within the period of use.