Mortgage loan is the best choice for many borrowers if they want to get high loans to solve the capital problem smoothly. Common mortgage loans include real estate mortgage and automobile mortgage. If you apply for automobile mortgage, do all the cars have to be used as collateral to apply for loans?

It is understood that the following five types of cars, no matter how big the brand and the value of the car, are not very popular with banks in the application process.

1, operating vehicles.

This means of transportation, such as trucks, buses, taxis, etc. Generally speaking, it is not allowed to apply for a loan because of the high risk.

2. Vehicles under the company name.

It is troublesome to apply for mortgage loans for such vehicles, and lending institutions are usually unwilling to accept them.

3. Vehicles that have been mortgaged.

Such vehicles have been mortgaged, and most of the rights are in the hands of lending institutions, so they cannot be listed and traded. In order to control risks, most lending institutions rarely accept the business of second mortgage of automobiles.

4. Frozen vehicles.

This kind of car can run normally, or go to the vehicle management office for annual review, but it can't be bought or sold, nor can it be used for mortgage or loan application.

5. Vehicles with serious traffic accidents.

This kind of vehicle, because of a serious traffic accident, will depreciate sharply and its listing and trading ability will be greatly reduced. Lending institutions generally do not accept such vehicles to apply for loans.

Different institutions have different specific requirements for collateral. In order to expand the loan approval rate, it is suggested that users in need can consult several lending institutions and choose the most suitable mortgage products.

What car can be mortgaged?

Automobile mortgage is a common mortgage loan in recent years, mainly including mortgage loan and unsecured loan. They usually get off the bus in their own name to mortgage. Public cars are difficult to borrow, and many banks and lending institutions do not support them. So what kind of car can be mortgaged?

1, the loan has been paid off or the car has been purchased in full. If the loan is not paid off, the ownership of the vehicle is still in the name of the bank, and only the ownership can be mortgaged in its own name.

2. A car with complete procedures. If you want to mortgage a loan, you must have all the documents of the vehicle, including the vehicle license, driving license, personal ID card, car purchase contract, etc. Different places need different procedures, and you can consult local banks or lending institutions for details.

3. Cars with relatively new age and high value. The vehicle age is less than eight years or the vehicle appraisal price is more than 50,000.

Those car brands all have financial loans.

Many cars such as Toyota, Honda, Buick and Hyundai can have financial loans. SAIC General Motors Finance, Volkswagen Finance, Dongfeng Motor Finance, Mercedes-Benz Finance, Ford Finance and Toyota Finance. Car buyers do not need to provide any guarantee, as long as they have a fixed occupation and residence, a stable income and repayment ability, and good personal credit. The down payment ratio is low and the loan time is long.

This concludes the introduction of the car that can be loaned and the platform that can be loaned to buy a car. I wonder if you have found the information you need?