cannot
Generally, most of the vehicles are mortgaged in the bank every month, and they are not allowed to be sold until they are paid off. Only when the loan is paid off, the ownership of the vehicle will return to the user, and then the right to sell the car freely will be available.
Second, can you sell a car that has not paid off the loan?
You can't sell cars in this situation.
Buying a car with a loan, whether it is looking for a bank loan or a small loan company, your car is mortgaged to the lending institution, and the loan applicant has no car property rights. Therefore, it is impossible for the owner to handle the transfer before paying off the car loan, and it is impossible to sell his car.
The borrower must cancel the mortgage registration to sell the car normally. The borrower can pay off the loan owed first, and then go through the formalities of canceling the car mortgage, so that he can transfer the ownership and sell the car.
Expand the loan interest rate of data carriers
benchmark interest rate
According to the regulations of the central bank, the benchmark interest rate is implemented for auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans and becomes an important factor in determining whether people lend.
How to calculate the car loan interest rate
Calculation formula of monthly car loan: a = p (1i) [(1i) n-1]/n 2/i.
A: Monthly contributions.
P: total donations
I: monthly interest rate (annual interest rate/12)
N: Total months of contribution (year × 12)
Specific data of loan interest rate
The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. Generally, customers with excellent conditions can enjoy the benchmark interest rate or float down 10%, while ordinary customers need to float up 10% on the basis of the benchmark interest rate.