The following procedures are required for the annual review of mortgage vehicles: identification certificates of mortgagor and mortgagee, and motor vehicle registration certificate.

Process:

1. Consultation application

The main processing platform in automobile mortgage is a private loan company, so it is very important to choose a formal private loan company. The fees charged by formal private loan companies are very transparent, and the handling process is relatively formal.

2. Acceptance and review

The review mainly includes the applicant and the car. The borrower mainly has income ability and personal credit status, which is similar to that of a bank, but the requirements are much lower than that of a bank. Secondly, the requirements for cars, mainly including car age, mileage and basic condition of cars, etc.

3. Valuation and lending

Different lending institutions will designate institutions to handle it. The valuation of a car involves many aspects, mainly including the age of the car, the number of kilometers traveled and the basic condition of the car.

Extended information:

Relevant provisions of the Regulations on the Implementation of the Road Traffic Safety Law:

Article 16: Motor vehicles shall be inspected for safety technology according to the following time limits from the date of registration:

(1) passenger vehicles shall be inspected once a year within five years; More than 5 years, once every 6 months;

(2) trucks and large and medium-sized non-operating passenger cars shall be inspected once a year within 1 years; More than 1 years, once every 6 months;

(3) Small and micro non-operating passenger cars and mortgage cars shall be inspected once every two years within six years; More than 6 years, the inspection once a year; More than 15 years, once every 6 months.