The car bought by the loan can be sold, but it can't be bought and sold freely until the loan is settled. Because the vehicle loan was mortgaged to the bank before it was settled, the vehicles with mortgage registration could not be bought and sold freely.

When buying or selling a loan vehicle, you can choose to buy or sell it after the loan is paid off, or you can ask the buyer to settle the arrears directly in advance. Both ways can be bought and sold.

At present, most loans to buy a car are reserved for ownership. Before the consumer pays the full amount, the ownership of the car is mortgaged and does not belong to the user. It is precisely because of this that consumers are often deceived by car dealers who lack integrity.

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Treatment process

First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.

Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If the loan is unsecured, there is no need to sign such a contract.

Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.

Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.

In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.