1. The borrower shall submit a loan application to the lending institution and provide relevant supporting materials.

Two, by the lending institutions to review the qualifications of lenders.

Third, evaluate the value of the vehicle and book the loan amount.

Four. Lending institutions sign loan contracts with borrowers and issue loans. The borrower brings the vehicle driving license to the lending institution. Article 394 of the Civil Code stipulates: If the debtor or a third party does not transfer the possession of the property and mortgage the property to the creditor in order to guarantee the performance of the debt, if the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties, the creditor has the right to be paid in priority for the property. The debtor or the third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property that provides guarantee is the mortgaged property.

Mortgaged vehicles are divided into full-amount mortgaged vehicles and non-full-amount mortgaged vehicles, which are mortgaged vehicles whose owners are unwilling or unable to repay the money of the finance company and do not cooperate with the transfer, and the finance company legally transfers the creditor's rights.

One of the following conditions shall be met for fully mortgaging a car:

1. This car is a one-time purchase.

2. The car was bought by stages, and the car money has been paid off, but the owner is unwilling or unable to repay the money of the financial company, and the financial company will legally transfer the creditor's rights if it does not cooperate with the transfer.

The non-full mortgage car version refers to the sale of the car when it is still in the mortgage state of the vehicle management office and the bank.

The source of the mortgage car Before buying the mortgage car, you must know the source of the mortgage car. If the mortgage car is stolen, you must never buy it. Because even after the purchase, there will be public security organs to seal it up, and the buyer will suffer huge losses. The corresponding documents first require the lending institution to provide a clear mortgage agreement, in addition to providing the identity information of the borrower. , mainly including a copy of ID card.

Check the condition of mortgaged cars. Many mortgaged cars will have certain problems, either after major repairs or with relatively long mileage. There will be many problems in the performance of this kind of car. Therefore, it is very necessary to carefully check the condition of the mortgage car before buying it to protect its own interests.