1. It is legal to borrow a car. 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. The purpose of loan with car as collateral is mainly for quick capital turnover.

2. Legal basis: Article 395 of the Civil Code of People's Republic of China (PRC).

The following properties that the debtor or a third party has the right to dispose of may be mortgaged:

(a) buildings and other land attachments;

(2) The right to use construction land;

(3) the right to use the sea area;

(4) Production equipment, raw materials, semi-finished products and products;

(5) Buildings, ships and aircraft under construction;

(6) means of transportation;

(seven) other property not prohibited by laws and administrative regulations.

The mortgagor may mortgage the property listed in the preceding paragraph together.

Article 402

Where the property specified in Items 1 to 3 of the first paragraph of Article 395 of this Law or the building under construction specified in Item 5 is mortgaged, the mortgage registration shall be handled. The mortgage is established at the time of registration.

Second, what materials are needed for vehicle mortgage?

1. Original application form for motor vehicle mortgage registration;

2. Identity certificates and photocopies of the mortgagor and mortgagee;

3. Motor vehicle registration certificate;

4. Master contract and mortgage contract concluded by mortgagor and mortgagee according to law.