Before the mortgage is released, the mortgaged car cannot be transferred. If it is purchased without mortgage, it is actually a form of mortgage.

Automobile mortgage is a loan obtained from a financial institution or an automobile consumption loan company with the borrower's or a third person's car or self-purchased car as collateral. Because it is a car mortgage, I mortgaged the car to the loan company. Therefore, if the borrower fails to repay the loan, the lending institution can auction the borrower's car directly to repay the loan.

A mortgage car is a real estate collateral provided by a loan from a financial institution when the owner urgently needs money.

The mortgaged car can be inspected normally, and the law clearly stipulates that the car is in the state of "mortgage" or "seizure", and the departments and individuals holding the car must inspect the car on time. The mortgage car can be insured normally through the insurance company, and the insurance beneficiary is the owner who holds the right to use the car. The purchase and claim settlement process is the same as that of a normal used car.

The source channel of the mortgage car is:

1, directly out through state-recognized investment companies, guarantee companies and pawn shops;

2. Loan pledge of private financial companies.

legal ground

Motor vehicle registration regulations

Twenty-second motor vehicle owners who use motor vehicles as collateral shall apply for mortgage registration at the vehicle management office where they are registered; If the mortgage right is extinguished, it shall apply to the vehicle management office at the place of registration for cancellation of mortgage registration. Article 23 To apply for mortgage registration, the motor vehicle owner shall fill in the application form, which shall be jointly applied by both the motor vehicle owner and the mortgagee, and submit the following documents and vouchers:

(a) the identity certificate of the motor vehicle owner and the mortgagee;

(2) Motor vehicle registration certificate;

(three) the main contract and mortgage contract concluded by the motor vehicle owner and the mortgagee according to law.

Regulations on the Implementation of the Land Management Law of the People's Republic of China

Article 6 The competent department of natural resources of the people's government at or above the county level shall strengthen the informatization construction, establish a unified land and space basic information platform, implement the whole process management of land management informatization, dynamically monitor the land use situation, establish a land management information sharing mechanism with relevant departments such as development and reform, housing and urban and rural construction, and disclose land management information according to law.