Mortgaging a car in its own name can generally be divided into two types: secured and unsecured. Many people will be moved when they hear that there is a mortgage but there is no mortgage. After all, they can get a loan and the car can be used as usual. However, is unsecured mortgage reliable? Let's take a look.

Is mortgage loan reliable?

1. Is it reliable to mortgage a car without a car loan?

As long as it is a formal lending institution, car-free loans are still relatively reliable, but it may require a mortgage vehicle registration certificate. Just like real estate mortgage, you just need to put the real estate license in the bank. Doesn't mean you can't live a normal life. Can this be said to be unreliable?

Besides, in the credit society, credit loans are very popular. Even in automobile mortgage, it is based on the premise of good personal credit. If you have good credit, you will agree to mortgage. It is because of good credit that you believe that you can repay on time without taking the bus. Once you default, you will lose your personal credit.

Two. Other notes on car-free mortgage.

1. Although some institutions only accept mortgages and not cars, in fact, they will additionally require mortgage vehicles to install GPS positioning, so as to track mortgages and control risks when they are overdue. So when you go to the car mortgage, be sure to ask.

2. If the car mortgage is a used car, it is generally required that the vehicle currently mortgaged has no car loan and is a vehicle with clear property rights, and there are specific requirements for the driving life and mileage of the mortgaged vehicle. The date of the first license shall prevail. Generally, the car purchase does not exceed 10 years, and the mileage does not exceed10.5 million kilometers. The specific situation shall prevail. /upload/CMS/20 17 _ 5/863697345734993 . jpg