The bank doesn't even have a mortgage for used cars now. If it is a car loan, there is
Second, can second-hand cars be mortgaged?
Sure,
Xiamen Housing Property Guarantee Co., Ltd. was formally established in 2000 1 and1with the approval of the municipal government and the administrative department for industry and commerce according to the Trial Measures for the Management of Housing Property Guarantee jointly promulgated by the Ministry of Construction and the People's Bank of China. The housing guarantee company is the only large-scale state-owned real estate professional service organization in our city, led by the real estate transaction right registration center, and filed with the Ministry of Construction at the end of 20001. In 2009, it became the first real estate transaction fund supervision institution in Xiamen. The office is located on the second floor of Baisong Building, Hall C on the first floor of the Government Affairs Center, and handles all business related to real estate transactions and loans.
Baidu Xiamen Housing Security can visit our website, and all kinds of problems can be solved.
3. Can used cars be mortgaged? Mortgage loan/securities loan
Used cars can be mortgaged, but the conditions are very strict. Actually, it's almost like no mortgage. Although many banks do not refuse second-hand mortgages, there are many conditions. They must provide vehicle intention certificate, vehicle appraisal certificate, seller's vehicle title certificate and annual inspection certificate of motor vehicles, and the qualified loan amount shall not exceed 50% of the total vehicle price. Some banks even said that the application for second-hand car mortgage loan must be mortgaged with real estate, otherwise even if these five conditions are met, it will not be approved.
This is because banks generally believe that the depreciation rate of used cars is faster than the repayment rate and the credit risk is high. The reason that seriously affects the development of credit business is that the pricing of used cars can only be moved down on the basis of the current price of new cars, which greatly reduces the loan profit.
In addition, because it is different from new cars, the price appraisal of used cars is the key, and the price appraisal of used cars is more diverse and uncertain. Therefore, the price is not objective and fair, so banks have always stayed away from second-hand car mortgage loans. As a result, institutions other than banks began to do second-hand car mortgage business.
Fourth, does second-hand car have an impact on bank mortgage?
Used cars can be mortgaged, but the conditions are very strict. Actually, it's almost like no mortgage. Although many banks do not refuse second-hand mortgages, there are many conditions. They must provide vehicle intention certificate, vehicle appraisal certificate, seller's vehicle title certificate and annual inspection certificate of motor vehicles, and the qualified loan amount shall not exceed 50% of the total vehicle price. Some banks even said that the application for second-hand car mortgage loan must be mortgaged with real estate, otherwise even if these five conditions are met, it will not be approved.