The car bought by the loan can be sold, but it can't be bought and sold freely when the loan is not settled. Because the vehicle loan has been mortgaged to the bank when it is not settled, the vehicles registered for mortgage cannot be bought and sold freely.

When buying or selling a loan vehicle, you can choose to buy or sell it after the loan is paid off, or you can directly ask the buyer to pay off the debt in advance, either way.

At present, car loans are mostly in the form of retention of ownership. Before the consumer pays the full amount of the car, the ownership of the car is mortgaged, not owned by the user. Therefore, consumers are often deceived by car dealers who lack integrity.

Processing flow:

First of all, the borrower needs to prepare proof materials such as ID card, residence permit, work permit and loan use certificate, and fill out an application form and a contract in the bank.

Then, wait for the bank's pre-loan qualification approval. If the borrower meets the loan conditions stipulated by the bank, the bank will inform the borrower to fill out some loan forms. If the borrower needs to apply for loan mortgage or guarantee, it also needs to sign a guarantee contract, a mortgage contract and go through the mortgage registration procedures; If the loan is unsecured, there is no need to sign such a contract.

Secondly, banks issue loans to borrowers. Generally, banks will issue loans within 2-3 weeks or 1 month after the approval is completed, and loans can be issued as soon as one day.

Finally, the borrower will pay the deposit to the car dealership, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.

In the process of applying for personal car loan, the applicant needs a copy of ID card, a copy of household registration book, a copy of marriage certificate, income certificate, bank statement, a copy of real estate license, etc.

I want to ask if I can get a loan to sell a car.

1. If the loan has been paid off, the car can be traded. But if the car is still in the mortgage, it can't be bought or sold.

This is because the car bought with the loan has been mortgaged in the lending institution. If the car loan has not been paid off, the mortgage registration cannot be revoked. Cars without cancellation of mortgage registration cannot be transferred, so naturally they cannot be bought or sold.

3. If the car buyer is willing to pay the car purchase price to the owner of the loan car to repay the loan, he can apply for cancellation of the car mortgage registration and handle the transfer formalities after paying off all the car loans. Or you can borrow money from friends and relatives to pay off the car loan before buying or selling.