Current location - Loan Platform Complete Network - Loan consultation - Can the car be mortgaged during the repayment period?
Can the car be mortgaged during the repayment period?
Legal analysis: Yes. As long as the vehicle still has value space, the mortgage bank (lending institution) provides secondary mortgage service, and the customer himself maintains good credit and has sufficient repayment ability.

Legal basis: Article 394 of the Civil Code of People's Republic of China (PRC) guarantees the performance of debts. If the debtor or a third party does not transfer the possession of the property and mortgage the property to the creditor, the creditor shall have the right to be paid in priority for the property if the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties. The debtor or the third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property that provides guarantee is the mortgaged property.