The difference between a Pacific Auto Network mortgage car and a full car: if it is mortgaged, the register will be placed in a mortgage finance company or bank, and the insurance is generally how much the car dealer is forced to buy; Moreover, the ownership of the full car and the paid car belongs to me, and the insurance can also be bought selectively.

Mortgage car loan belongs to the cooperation between car dealers and loan banks. If the lender is unable to pay the full amount or unwilling to pay the full amount, it can pay the down payment first, and then repay it in installments with certain interest.

The operation process of mortgage car loan is as follows:

1, the borrower selects the car at the special dealer of the bank and signs the car purchase agreement or contract;

2. The borrower applies to the bank for personal automobile mortgage;

3. Sign the contract after examination and approval by the bank;

4. Go through the formalities of notarization and mortgage of automobiles;

5. Banks handle loans;

6. After the loan is paid off, the lender (bank) cancels the pledge certificate and returns it to the customer.

Operation process of automobile mortgage:

1, the lending institution receives the information provided by the applicant;

2. Conduct home visits, investigate and evaluate the value of the applicant's vehicle;

3. The loan amount initially reserved by the lending institution;

4. Handling entrustment notarization and loan notarization;

5. The lending institution accepts the relevant documents of the applicant;

6. Go through mortgage registration procedures and lend money. (Photo/Text/Photo: Pacific Auto Network Zeng Caihong)