The car bought by the loan can be sold, but it can't be bought and sold freely until the loan is settled. Because the vehicle loan was mortgaged to the bank before it was settled, the vehicles with mortgage registration could not be bought and sold freely.

When buying and selling a loan vehicle, you can choose to buy and sell after the loan is paid off, or you can directly ask the buyer to pay off the debt in advance, either way.

At present, car loans are mostly in the form of retaining ownership. Before the consumer pays the full amount of the car, the ownership of the car is mortgaged, not owned by the user. Therefore, consumers are often deceived by car dealers who lack integrity.

Processing flow:

First of all, the borrower needs to prepare proof materials such as ID card, residence permit, work permit and loan use certificate, and fill out an application form and a contract in the bank.

Then, wait for the bank's pre-loan qualification approval. If the borrower meets the loan conditions stipulated by the bank, the bank will inform the borrower to fill out some loan forms. If the borrower needs to apply for loan mortgage or guarantee, it also needs to sign a guarantee contract, mortgage contract and mortgage registration procedures; If the loan is unsecured, there is no need to sign such a contract.

Secondly, banks issue loans to borrowers. Generally, banks will lend money within 2-3 weeks or 1 month after the approval is completed, and the loan can be released within one day at the earliest.

Finally, the borrower pays the deposit at the dealership, and goes through the formalities of car pick-up with the passbook and the car pick-up slip issued by the bank.

In the process of applying for personal car loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license, etc.

How much is the loan car?

If the loan of the vehicle has not been paid off, it cannot be sold directly, because legally speaking, the property right of the vehicle has not been fully owned by the owner at this time.

In general, the process for the owner to sell the vehicle purchased with the loan is as follows:

(1) Vehicle loan. Before selling the car, the owner must pay off the loan.

(2) Remove the vehicle mortgage. After paying off the vehicle loan, the owner will go to the vehicle management office with the loan settlement certificate to understand the mortgage procedures and transfer the vehicle property right back to his own name.

(3) Handling vehicle violation records. Before selling the car, the owner needs to deal with the violation record of the car first.

(4) sign a transaction contract. After the two parties reach the intention of buying a car, the two parties sign a transaction contract, and the buyer pays the seller for the goods.

(5) Go through the formalities of vehicle transfer. Both parties to the transaction go through the transfer formalities at the vehicle management office and transfer the vehicle property rights to the buyer's name.

If the owner is in urgent need of funds and can't pay off the vehicle loan immediately, he can sell the vehicle directly to the used car dealer. Second-hand car dealers will ask how many loans have not been paid off, and use part of the car price to pay off the remaining vehicle loans. After paying off the loan, the owner can cancel the mortgage of the vehicle and get the vehicle registration certificate.

In this way, the owner can get all the remaining car price after deducting the repayment amount. In addition to second-hand car dealers, for those who can buy a car in full, the owner can also sell the car according to this process.

Can I sell the car I bought with a loan?

The car bought by the loan can be sold, but it can't be bought and sold freely until the loan is settled. Because the vehicle loan was mortgaged to the bank before it was settled, the vehicles with mortgage registration could not be bought and sold freely.

When buying or selling a loan vehicle, you can choose to buy or sell it after the loan is paid off, or you can ask the buyer to settle the arrears directly in advance. Both ways can be bought and sold.

At present, most loans to buy a car are reserved for ownership. Before the consumer pays the full amount, the ownership of the car is mortgaged and does not belong to the user. It is precisely because of this that consumers are often deceived by car dealers who lack integrity.

Extended data:

Treatment process

First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.

Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If so, there is no need to sign such a contract.

Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.

Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.

In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.

Can a mortgage car be sold?

If you want to know how to sell a mortgage car, you must first understand the process of buying a car by mortgage. To sell a car by mortgage, the first step is to choose a dealer who has a cooperative relationship with the bank. Car dealers nowadays generally have this qualification. The second step is to sign a car purchase contract, stating the payment method of car price, taxes and insurance premiums, and clearly stating the mortgage ratio. Step 2, fill in the loan application form at the dealer and relevant banking departments, indicating the loan amount and term. You should prepare your ID card, marriage certificate and other identification documents. Actually, you have to go to the bank to sign this and check the loan amount with the bank staff. Anyone who has had the experience of car loan knows that if you choose to buy a car with a loan, no matter the loan from a small and medium-sized loan company with a bank loan, the car is actually mortgaged to a lending institution. Lenders have no property rights to cars, so how to sell mortgaged cars becomes a difficult problem. Because the loan applicant does not own the property right of the car and cannot apply for household registration, he cannot sell his own car. So how much is the mortgage car? After all, you can't sell a car before you cancel the mortgage registration. Then some people who applied for car loans found that they could not make a perfect loan. The task is to sell your car. What should you do? There are still some workarounds. For example, the lender can pay off the bank loan first, and then contact the mortgage procedure, so that you can sell the car. Secondly, for the mortgage car that has been transferred to your hands, the ownership of the car has naturally changed. By the time you want to sell your mortgaged car again, it will be legally a second-hand car transfer. In addition to following the general process of second-hand car transfer, your mortgage car must first settle your pre-account. Only in this way can your mortgage car be sold and recognized by law. When you settle the account owed to the bank, the bank will stamp to confirm the cancellation of your previous mortgage procedures, return your registration certificate and other relevant documents to your parents, and let you go to the vehicle management office to cancel the mortgage, because your mortgage car has been mortgaged to the bank before. After the mortgage is cancelled, the deposit paid before will be returned in full, no more or less. Do the math, dear. At this point, you can re-mortgage the car according to the formal second-hand car transfer procedures. The process is as follows: (1) Provide the original and photocopy of the ID cards of the buyer and the seller. If one of them is a company, you need the original and a copy of your ID card. (2) An application form for motor vehicle registration, transfer, cancellation and transfer. (3) Vehicle registration certificate and exercise certificate. (4) Original and photocopy of the original invoice for vehicle purchase.

How much is the loan car?

The way to sell a loan car is:

Pay off the car loan. First, pay off the car loan.

Go through the formalities of mortgage cancellation. After paying off the car loan, go through the formalities of understanding the mortgage.

Deal with vehicle violations. Before selling the car, you need to clear the violation record.

Sign a sales contract. The buyer and the seller sign a contract and the buyer pays the seller.

Go through the formalities of vehicle transfer. When the buyer and the seller go through the transfer formalities at the vehicle management office, they need to provide ID cards, driver's licenses and other documents. Loan to buy a car means that the borrower who applies for buying a car pays a part of the down payment first, and the lender pays the loan to the car buyer in installments, and the rest is paid by the lender. Loan to buy a car means that the borrower who applies for buying a car pays a part of the down payment first, and the lender pays the loan to the car buyer in installments, and the rest is paid by the lender.

Can I sell the car I bought during the loan period?

The car you bought during the loan period cannot be sold, and you must pay off the loan before you can sell it. Outstanding loan: 1. The right to use the vehicle belongs to the buyer; 2. The vehicle title certificate is pledged in the bank; 3. The vehicle property right belongs to the bank before the loan is paid off. The loan has been paid off: 1. The ownership and use right of the vehicle belongs to the buyer; 2. it can be done. More car loan information is as follows: 1. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. 2. The interest rate of automobile consumption loan refers to the ratio between the loan amount and the principal paid by the bank to consumers, that is, borrowers, for purchasing self-use cars (non-profit family cars or commercial cars with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers. 3. Generally, the loan period for automobile consumption is 1-3 years, and the longest is no more than 5 years. The loan period of second-hand car loan shall not exceed 3 years, and the loan period of dealer car loan shall not exceed 1 year.

This concludes the introduction of reselling loan cars and selling loan cars. I wonder if you have found the information you need?