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Is it true that a loan company can take a car if it wants to?
That's not true.

The so-called "car-to-loan" actually means that customers want to buy a car loan, first transfer the car to the loan company, and after the funds are loaned, they will repay it in installments on time according to the repayment plan, and then transfer the car back.

Because the ownership of the vehicle has changed, customers must be cautious when handling it. First of all, we should find a loan company with a financial license and approved by the CBRC; Secondly, read carefully before signing the agreement and sign the contract after confirming that there are no problems. In order to avoid encountering loan swindlers and signing unequal agreements and treaties, the vehicle will not be turned back after the loan is paid off.