Because of the epidemic this year, many people are facing the risk of lack of money and inability to repay their loans, so some people plan to use the second mortgage of their cars to tide over the crisis. The so-called secondary mortgage simply means that the owner mortgages the vehicle (unpaid loan) to the loan company for a second time to obtain a loan, and the vehicle will be controlled by the investor and cannot be driven away. Once the owner is unable to repay the loan, the vehicle will be owned by the loan company, and then the loan company will sell the vehicle at a market valuation of 50%-60%, thus earning the difference and making the loan company profit from it.

At the same time, according to insiders, this year, due to special reasons, the secondary car arrival market is quite hot, and many people will mortgage their cars for the second time. But it is worth mentioning that if the owner still can't repay after the second arrival, then these vehicles will be used as? Black car? It is sold in the underground car market, so for buyers, like this? Black car? Obviously, there are certain legal risks, and it will be more difficult to defend rights in the future, not to mention it is illegal. Many times, when we get to the market, we will play the edge ball. Therefore, it is recommended that car owners who want to buy used cars choose carefully, although the price of vehicles is very cheap.

In addition, the fiery secondary mortgage market has also affected the formal loan enterprises, causing their business volume to decline, and what is more serious is that they are likely to fall into? The car and the money are empty? In a dilemma Why do you say that? To give a simple example, the owner will take a car to a formal loan company for mortgage. At this time, the company will install a GPS in the car for positioning, and then the owner will put the car in the garage. Finally, if the owner is unable to repay, he will return the car to the formal loan enterprise, and the formal loan enterprise will have nothing to grasp.

Through this incident, it also tells us that although the secondary arrival market is hot at present, there are still some risks. Sometimes, just because of some small interests, harm others and harm yourself.