I. Risk control mode
Car loan business refers to the loan that the borrower takes the vehicle as collateral. There are two modes of car loan project, one is relatively safe vehicle pledge, and the other is vehicle mortgage with GPS.
The pledged vehicle is the vehicle that the platform keeps the borrower's vehicle. After the loan, the vehicle license plate and vehicle shall be kept by the platform. This risk control mode is relatively safe. Vehicle mortgage means that the vehicle has no mortgage. After the vehicle mortgage formalities are handled at the vehicle management office, both parties install GPS monitoring vehicles.
Second, the risk control measures
Each business model corresponds to different risk control measures. Vehicle pledge means that the vehicle is stored in the platform garage, which is related to all pledged vehicles such as vehicle license plate, car body and car keys. Even if the borrower does not repay the loan, the platform can also have the right to dispose of the mortgaged vehicle.
Vehicle mortgage project means that the borrower signs a vehicle mortgage contract with the vehicle as collateral, and the platform has the mortgage right of the vehicle, but the borrower still has the right to use the vehicle. The platform needs to install GPS real-time monitoring for the vehicle to ensure that the vehicle is within the controllable range until the borrower repays the loan project on time.
The risk control measures of vehicle loan business include not only the safety of vehicle mortgage or pledge, but also signing pledge agreement and sales agreement with the borrower. Combined with the mortgage (pledge) mode mentioned above, it can basically prevent the occurrence of risk events such as repeated mortgage of vehicles, first arrival and then pledge.
Million car purchase subsidy