If you want to buy a mortgage car, you need to check the mortgage of the car first. If there is information that "the car has been mortgaged and registered", it means that the car has been mortgaged at the vehicle management office. The car can be mortgaged or mortgaged, and the registration certificate (green copy) of the car is not at the owner's place.
Mortgage cars can be purchased. Generally, the mortgage car will be mortgaged to the lending institution through formal procedures, and various agreements will be signed to ensure the interests of the lending institution.
The mortgage car price of creditor's rights transfer will be much lower than the market price. The mortgage car can run normally, check the car and buy insurance, but it can't be transferred.
The reason why the mortgage car cannot be transferred is because the vehicle has been mortgaged and the ownership does not belong to the original owner, so the original owner is temporarily ineligible to transfer the vehicle to the new owner. As long as all the mortgages are paid off and the ownership of the vehicle is returned to the original owner, then the transfer can be handled.
Vehicle mortgage status can also be queried in the following ways.
1. You can check the motor vehicle registration certificate directly. If the mortgage registration content in the motor vehicle registration certificate has indicated that the vehicle is in the state of releasing the mortgage, it means that the vehicle does not belong to the mortgaged vehicle.
2. You can go to the vehicle management office to inquire, but the regulations must be the owner himself. If the vehicle is not your own, you need to go to the vehicle management office with the owner himself.
You can check with the insurance company. If the vehicle is mortgaged, the first beneficiary of auto insurance belongs to the lending institution. From this aspect, we can also see the mortgage status of the vehicle.