When the installment car is sold, there is already a mortgage. Because the bank or car loan company has the mortgage right to the car, it will pay the car installment payment to the consumer. Therefore, if you still want to borrow money, it is best for the company to transfer the loan business of banks and other institutions to one place to handle the car.

It should be noted that when the company applies for a loan, the loan amount is lower than the full car, and the borrower needs to have a clear source of repayment, such as car license and car purchase invoice, in order to get the loan quickly.

Second, what should I pay attention to when mortgaging this loan? Can the accident car be mortgaged?

Many people buy cars with loans, so they enjoy the convenience of cars in advance. I finally paid off the loan, and if I need a lot of money, the car can also be used as a mortgage. Many car owners have asked, what should be paid attention to in this loan pledge? Can the accident car be mortgaged?

What should I pay attention to when mortgaging this loan? When handling mortgage loans, borrowers mainly need to pay attention to five points. 1. Due to the rapid depreciation of the car, the probability of encountering a traffic accident is high, which easily affects the value of the car. Generally, the loan evaluation price is not particularly high when the car is mortgaged, generally around 50% to 80%. 2. In car mortgage, it is a common practice to mortgage the car. You can get a loan by mortgaging the relevant documents of your car to the lending institution, and the car will be used as usual after installing GPS. Before making a mortgage, you must first understand whether the car mortgage is mortgaged. 3. Because the cost in automobile mortgage is often quite high, if you choose a vehicle mortgage loan with a long cycle, you can repay it as soon as possible if there is prepayment. 4. You'd better choose to go to the bank for car mortgage, or choose a formal consumer finance institution with a financial license approved by the CBRC, and never go to an unknown loan company. 5. The bank will handle the investigation and approval procedures for the materials submitted by the applicant and himself. After it is passed, the two parties will sign a loan contract and a guarantee contract, and if necessary, they will go through notarization, mortgage registration and other procedures. Can the accident car be mortgaged? A car can be mortgaged or pledged, but if it is an accident car, it can only be mortgaged. Because in the case of mortgage, the owner can still use the car normally. The above is the related content sharing of "What should be paid attention to in mortgage loan", hoping to help everyone!

3. Can an accident car apply for a loan from a car loan company?

Cars that cause accidents and deform their bodies are not acceptable!

Fourth, how to calculate the accident car loan?

When buying a car, after an accident, the insurance company will pay according to the insurance contract, and the object of payment is naturally the owner. But buying a car with a loan is different.

When issuing personal cars, banks will require the beneficiary on the insurance policy to be the lending bank. Therefore, in the event of a vehicle accident, generally speaking, the loan bank will be the beneficiary to obtain compensation from the insurance company. However, there are two situations:

1, the claim amount is small.

For small claims, the loan bank and the insurance company usually reach a tacit understanding or agreement, and the insurance company will directly pay the borrower instead of the bank, generally below 3000, depending on the bank.

2. The claim amount is large.

For larger claims, insurance companies need to seek the opinions of lending banks. If the loan bank demands compensation, the insurance company will pay the money to the loan bank, and the loan bank will directly repay the lender's loan principal and interest.

If the vehicle is scrapped, the insurance company's compensation is not enough to repay the loan, and the lender needs to continue to repay the remaining loan.