car courts with loans can still enforce it. The ownership of the vehicle purchased by the person subjected to execution with a loan belongs to the person subjected to execution, and the court may still take compulsory measures such as sealing up, distraining and auctioning the vehicle in accordance with the law. Only after the auction, the proceeds from the auction should first repay the mortgage creditor's rights, and then the remaining funds are available for execution.

Legal Basis

According to Article 394 of the Civil Code, which came into effect on January 1, 221, in order to guarantee the performance of the debt, if the debtor or a third party does not transfer the possession of the property and mortgages the property to the creditor, the debtor fails to perform the due debt or the creditor has the right to be compensated in priority for the property.

the debtor or the third party mentioned in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property provided as guarantee is the mortgaged property.