The only disadvantage of installing GPS in car loan is that it costs money, but this GPS locator should be dismantled after the car loan is repaid. At this time, the waiting has completely belonged to the owner, and no one needs to know the location of his car at any time. Usually only the person who installed the GPS knows the specific location, and the dealer can be required to inform the GPS installation location after completing the mortgage cancellation procedures.
credit institution
Generally speaking, domestic banks do not provide automobile mortgage services, so it is generally necessary to find private professional credit institutions to apply for such services. For example, automobile mortgage service is a short-term microfinance service for small enterprises, individual merchants and entrepreneurs.
"Car loan" is divided into two forms: parking and non-parking. Escort car: Give the car to the company for safekeeping. There is a parking lot dedicated to parking the car, and there is a special person to look after it 24 hours a day. Lights the car regularly to warm up.
Don't mortgage the car: customers can choose to just put the formalities in the company, or use the car for their own use, and need to apply for mortgage registration. The loan business is flexible and fast, and the amount can generally reach 70-80% of the assessed amount. Generally, the loan can be released on the same day when the formalities are complete. Mandatory provisions on vehicle mortgage loan: the car under the name of an individual, the full amount, and the car within the service period.