Nowadays, many people choose to buy a car by installment. All the cars bought during that time were equipped with gps, and some cars may also be equipped with ps. After the loan is paid off, the vehicle gps system should be dismantled first, and then the vehicle registration certificate should be processed.
At present, there are many mortgage cars in the used car market, which are cars bought by stages. Some people will choose to sell their cars when they can't repay their monthly payments after buying them by installments, but this kind of car is not transferable.
Mortgage is cheap, but transferable. Consumers are advised to buy such vehicles, and there are great risks in the future use of mortgaged vehicles.
5. To buy a used car, we must first check whether the vehicle procedures are complete and ensure that the vehicle can be transferred normally. If the vehicle cannot be transferred, it can be purchased in the best condition.
6. If you choose to buy a car by stages, you should consider whether you can afford the monthly payment in the future. When buying a car by stages, your store will charge service fees, handling fees, gps fees, etc. So you have to see how much it is worth.
7. If the monthly payment is overdue, it will be recorded in the credit report.