Since you need a vital and valid certificate in the case of vehicle transfer, that is, the vehicle registration certificate, which is what we usually call the Green Paper, when you borrow money to buy a car, you can get your vehicle registration certificate, tax bill and the original commercial insurance for the first year back at the 4S shop of the vehicle management office. If they want to mortgage loans, they will mortgage them to financial institutions. It may be difficult if it is sold to passers-by. If it is sold to some car dealers or 4S shops, it should be exchangeable. The store will help you advance the money to the loan enterprise, help you settle it, then release the mortgage and transfer the ownership, so that you can leave the balance in the future. If it is practical, although the price will be lower,
However, this is a good plan to solve the problem of self-financing. If you don't want to sell it cheaply, you can pay back the car loan by self-financing first, and then everything will be normal after you get the registration certificate (alias Great Green Paper) to relieve the pressure. You must remember to handle the traffic violation vehicle inspection and commercial insurance, otherwise you can't handle the transfer. Remember! In order to protect their rights and interests, general lending institutions will mortgage the car registration certificate after the new car is licensed. Although the registration certificate States that the driver is you, because there is no original registration certificate, it is impossible to handle the transfer formalities.
In other words, according to national laws, cars cannot be sold. The first loan of the futures company is to mortgage the car with big green funds, and the car is registered as a mortgaged car. Monthly repayment can only make you pay off the loan with a large amount of green capital. Then go to the DMV to change the records. You can't sell the car until the loan is settled, because there is no big green paper. To sell used cars, you must apply for a registration card. Before the driver paid off the loan, this card was mortgaged in the banking industry or financing guarantee company. Unless the customer wants to help you pay off all the loans first, you can take down the motor vehicle registration plate and go through the transfer formalities.