One of the following conditions shall be met for fully mortgaging a car:
1, the car was bought by one-time payment;
2. The car was bought by stages, and the car money has been paid off, but the owner is unwilling or unable to pay back the money of the financial company and does not cooperate with the transfer. It is legal and safe for a finance company to legally transfer its creditor's rights.
A non-full mortgage car means that the car is still mortgaged at the vehicle management office and the bank, and the owner buys and sells such a car privately. It is illegal to buy such a car.
Extended data:
Requirements and materials for applying for car loan service for car mortgage:
1. has a stable occupation, and the applicant has the ownership of the local mortgaged vehicle.
2, living and working in the city for a long time, to carry out business occupation and economic income.
3, motor vehicle registration certificate, driving license, purchase tax certificate (this), car purchase invoice.
4. Insurance policy, travel tax, and relevant tax payment certificates for imported vehicles.
5. ID card (temporary residence permit or residence permit within the validity period provided by non-local account customers)
6. Other documents required by the Cooperation Organization.
References:
Baidu Encyclopedia: Automobile Mortgage