Can a car that has been driven for 10 years be used as a mortgage loan?

Nowadays, car mortgage loans have become one of the ways to effectively revitalize assets. However, can a car that has been driven for 10 years get a mortgage loan?

It is understood that it is basically difficult to get a mortgage loan for a car that has been driven for 10 years. Even if there is a lending institution that accepts it, the amount that can be applied for is will be relatively small.

Next, let’s take a look at the conditions that vehicles used for mortgage need to meet:

1. The license plate must be in the name of the borrower;

2. The license plate Be located in the location of the lending institution;

3. The price of the naked car is at least 50,000 yuan;

4. The car must be no more than ten years old;

5. The vehicle is not mortgaged

In reality, most lending institutions require that the vehicle be no more than 5 years old. For example, Ping An Bank's car mortgage loan requires that the mortgaged car be purchased no more than 5 years ago (based on the first registration date) and the mileage does not exceed 80,000 kilometers. Can a car that is more than 13 years old be mortgaged?

1. Positive answer

If the old car meets the bank's mortgage conditions, then you can apply for a mortgage loan.

2. Specific analysis

If an old car is too old or has too many kilometers, it will not meet the bank’s mortgage conditions and therefore cannot be used to apply for a mortgage loan. .

Before mortgaging an old car, it is recommended to consult the loan staff to find out in advance whether the old car can be used as a mortgage.

When the old car does not meet the mortgage conditions, users can provide collateral recognized by other banks, so that they can still apply for a mortgage loan.

You can get online loan big data reports from the "Xiaoqixincha" platform, which contains information such as online loan history, online loan overdue details, debt status, dishonesty information, and online loan blacklists.

3. Can used cars be used as mortgage loans?

In fact, you can also apply for a mortgage loan for second-hand cars.

Although it is a second-hand car, as long as it is purchased in full and there are no problems with the account registration and procedures, it can be used as collateral to apply.

Of course, the biggest difference between used cars and new cars is the issue of value.

Especially for some second-hand cars with a history of damage, it is relatively difficult to apply for a car mortgage loan from a bank.

In addition, because used cars are not high in value and depreciate quickly, the loan amount that borrowers can apply for is about 30 less than that of new cars.

Furthermore, the interest rate of second-hand car mortgage loans is usually higher than that of new cars. It is recommended that borrowers use it as short-term capital turnover. For long-term installments, the interest rate is higher. Can I still get a car mortgage loan if my car is 10 years old?

As long as the vehicle can drive normally and has a certain market value, it can apply for a car mortgage loan. Cars that are 10 years old can normally apply for it. For car mortgage loans, you can go to Chengdu Anmei Tu Car Loans. The company has simple procedures, same-day lending, and is a licensed and formal company that has focused on car loans for more than ten years.

Car mortgage loan terms and procedures: Need money in a hurry? Find AMT! You can get a loan if you have a car!

1. Car owner’s ID card.

2. Motor vehicle driving license.

3. Motor vehicle registration certificate.

4. Vehicle compulsory traffic insurance and vehicle commercial insurance policies within the validity period.

5. Vehicle spare key.

For car mortgage loans, you can choose car loan companies with relatively strong overall strength such as Amitu. Amitu is formal and reliable, with low threshold. You can borrow a car if you have one, and tailor low-interest financing solutions according to consumers' different needs. Professional one-to-one service, reasonable and transparent charges, clearly marked prices. Rest assured and reliable, the mortgaged vehicle is stored in a closed indoor garage with round-the-clock security. You can do it without depositing the car, and the car will be driven as long as you have the money. There are offline direct stores in Shanghai, Chengdu, Xi'an, Wuhan, Shenzhen, Chongqing, Beijing, Kunming, Guangzhou, and Shihezi, Xinjiang.