In addition to credit loans, you can apply for loans for items such as large deposit certificates, houses, and cars. Some users said that you should never sign a monthly car mortgage loan, otherwise the consequences will be very serious. So let’s briefly talk about this topic. I hope it will be helpful after reading it.

Never do a car mortgage loan or a monthly car loan! Because after applying for a car mortgage, some car loan companies will pledge the user's vehicle. Although the user has obtained the loan funds, he will not be able to use the vehicle normally. If you apply for a pledge without pledging the car, generally GPS also needs to be installed, which means that the user's driving trajectory is monitored in the background and will be contacted once it goes out of range. And the cost of installing GPS requires users to pay, and some irregular companies charge very high fees. In addition to GPS fees, evaluation fees, pre-service fees, etc., they are all a large expense. After the car mortgage loan is overdue, not only will you face the problem of breach of trust, but you will also be charged liquidated damages, which are usually charged on a daily basis. If the situation is serious, the car loan collection department will directly come to the door to tow the car. Then the user will not only face the breach of trust, but also the car itself. assets are gone. The above is the answer to "Never do a car mortgage loan or a monthly car loan". Generally speaking, there is no problem with the car mortgage loan itself, but the car loan institutions found by some users are irregular, with high fees and high interest rates, and some users cannot accept the behavior of car mortgage certificates and GPS installations, so they are unwilling to make mortgages. Loan users can try credit first.