Automobile mortgage renewal deposit takes the form of a deposit from an intermediary company, so that when you buy insurance in the second year, you can buy insurance in the intermediary. This part of the deposit can be used as insurance premium for renewal. If you don't buy insurance in an intermediary, it is generally not refundable.

You don't need to pay a renewal deposit to buy a car. The key depends on the negotiation between the two sides.

Extended data:

Fake mortgage: refers to the developer cashing in funds, buying existing homes in the name of fictitious property buyers (internal employees or relatives of developers or strangers), and obtaining housing loans from banks. The procedure is generally as follows: the developer pays a certain amount of compensation to the ID card holder to use the other ID card, the ID card holder signs a mortgage loan contract, the bank lends money to the developer according to the contract, and the developer recovers the investment in advance. There will also be an agreement between the developer and the ID card holder, including the developer's promise that the ID card holder will not bear any debts and confidentiality clauses.

Mortgage Company: The services provided by mortgage service companies mainly include providing mortgage consultation for buyers and sellers and intermediary companies when an agreement is reached, and providing comprehensive background services such as mortgage application, contract signing, insurance, appraisal, notarization, transaction transfer, registration and mortgage registration for real estate transactions after the sales contract is signed.

References:

Automobile loan-Baidu encyclopedia