Simply put, automobile mortgage can obtain cash turnover and circulation quickly and efficiently, and help borrowers realize capital circulation. Moreover, the advantage of this method is that the borrower's car does not need to be sold, and the ownership of the car can be recovered through repayment when the funds are turned around, thus avoiding the cost increase and energy consumption caused by buying a car again. From this perspective, automobile mortgage's advantages are obvious. At the same time, it also avoids the embarrassment of borrowing money from friends and related people, and more importantly, it avoids others knowing that they are short of funds. This is very helpful to borrowers, both in terms of flexibility of capital turnover and in terms of maintaining their own reputation. Therefore, this method is more humanized and convenient, and is welcomed and chosen by people.

Although it is a good policy for financial institutions to require borrowers who apply for vehicle mortgage loans to insure their mortgaged vehicles, this model can not provide strong protection for the mortgagee of vehicle mortgage loans because of the multiple dangers faced by the mortgagee's priority right of compensation. The specific performance is as follows:

1. If the collateral is damaged or lost, although according to the relevant provisions of the Property Law, the mortgagee of the vehicle mortgage loan has the priority to be compensated, the law does not give the mortgagee the right to contact and control the insurance money.

2. When the mortgagor of vehicle mortgage loan applies for insurance, he shall agree with the insurer on other contract beneficiaries or other creditors with priority. After the accident, the insurer performed the compensation obligation according to the insurance contract, which led to the loss of the mortgagor's priority of compensation, or the mortgagor was lazy in exercising or exercising the priority of compensation claim, which led to the invalidation of the mortgagor's priority of compensation.

The above content is about making money by car mortgage. I hope it helps you. Whether car mortgage can make money or not, although the industry is relatively good at present, there are still many uncertain factors. If it happens, it doesn't matter whether you make money or not. It's a good thing not to lose money.