Although many car loans require customers to mortgage the Green Paper (motor vehicle registration certificate), it is not absolute, mainly depending on the regulations of the loan handling bank or the car amount company.
Some of them can be placed directly in the hands of customers as long as the vehicle is registered as mortgage; More importantly, because the customer directly mortgages the vehicle in the bank (auto company), there is no need to mortgage the green book in the bank (auto company).
In a word, it is good for everyone to abide by the rules of the loan handling bank or the auto financing company. If you don't need to mortgage the Green Paper in a bank (auto financing company), you can keep it in your own hands after applying for an auto loan.
The role of the Great Green Paper:
"Motor Vehicle Registration Certificate" is the household registration book of vehicles, also known as "green book", because it is really green. If you need to buy a car by installment, you need to mortgage the motor vehicle registration certificate, also known as the Green Paper.
In addition to the big green book, there are of course small green books, which generally refer to the tax payment certificate. This means paying taxes after buying a car. After paying all the money such as travel tax, the tax authorities will issue a tax payment certificate with vehicle information such as license plate number and tax amount, which can be declared and paid by themselves or paid by the insurance company when purchasing compulsory insurance.