The characteristics of automobile pawn financing service are:
1, simple procedures and quick turnover: the fastest loan can reach 1 hour.
2. High interest rate, suitable for short-term turnover: higher than bank loans in the same period, suitable for short-term capital turnover.
3. The interest rate can be calculated flexibly and daily: the interest rate of pawn financing is flexible and can be negotiated according to your actual situation.
Used car mortgage loan
Used cars can be mortgaged, but the conditions are very strict. Actually, it's almost like no mortgage. Although many banks do not refuse second-hand mortgages, there are many conditions. They must provide vehicle intention certificate, vehicle appraisal certificate, seller's vehicle title certificate and annual inspection certificate of motor vehicles, and the qualified loan amount shall not exceed 50% of the total vehicle price. Some banks even said that the application for second-hand car mortgage loan must be mortgaged with real estate, otherwise even if these five conditions are met, it will not be approved.