Scrap vehicles refer to vehicles that have reached a certain service life, or are seriously damaged or in poor technical condition for other reasons and cannot be repaired, and the fuel consumption exceeds 50% of the national standard value, and they are forced to be scrapped according to government regulations. Scrapped vehicles must drive to the designated motor vehicle recycling enterprises or scrap centers, and submit the registration certificate, license plate and driving license. A motor vehicle recycling enterprise or scrapping center shall issue a motor vehicle scrapping certificate, and submit the motor vehicle registration certificate, license plate, driving license and scrapping certificate to dmv for cancellation of registration within a few days. The car purchased by installment in the bank could not be repaid for some reason, and the owner sold the car. The mortgage of this mortgage car is still in the bank. The bank found that the owner did not repay the loan due and needed to collect the vehicle through the court. The owner mortgaged his car to a small loan company or pawnshop and sold it after borrowing usury. Small loan companies or pawn shops add GPS to the car and will not return it when it expires. Small loan companies or pawn shops must get it back, and buying such a car is very risky. Some people say that I took off my GPS when I bought this kind of car, but some cars have more than a dozen GPS, and the smallest one can be hidden in the fuel tank. GPS can only detect a new number when it appears. Some GPS send new numbers regularly, and some GPS can't detect them if they don't work. Check the record of a mortgage car like this, and it is equipped with dozens of keys. It is sometimes impossible to prevent buying this kind of car.
There are two kinds of mortgage cars that can be purchased. With a loan to buy a car, the owner can repay the mortgage in advance, follow the owner to the bank to pay back the money, cancel the mortgage and handle the transfer. The court ruled to cancel the mortgage. Car owners, motor vehicle owners, small loan companies or pawn shops can go to the vehicle management office for mortgage cancellation. Scrapped vehicles must be driven to designated motor vehicle recycling enterprises or scrap centers, and the registration certificate and license plate driving license must be submitted. Some mortgaged vehicles cannot be scrapped because some disputes may be involved.
Legal basis: Article 44 of the Measures for the Registration of Motor Vehicles in People's Republic of China (PRC). If a registered motor vehicle meets the scrapping standards stipulated by the state, is lost or does not run on the roads in China for some reason, the owner of the motor vehicle shall fill in the application form for motor vehicle registration and apply for cancellation of registration with the following materials to the vehicle management office where the motor vehicle is under its jurisdiction.