Need to go through the formalities first. Pay the down payment of the mortgage car and go to the bank to handle the loan formalities. After the bank decides to issue a loan, the bank will directly transfer the money to the car dealer's account according to the contract, and then you can pick up the car at the dealer.

The process of buying a car by mortgage:

The borrower fills in the loan application form and provides relevant information;

Examining the creditworthiness, repayment ability and authenticity of information of the borrower and guarantor;

After the bank approves the loan, it shall notify the borrower of the audit results;

Banks sign loan contracts and guarantee contracts with borrowers, and handle notarization, mortgage registration and insurance and other related procedures;

After the borrower completes the relevant procedures, the loan bank will release the loan to the borrower's personal account and transfer the loan to the relevant payee's account according to the borrower's entrustment;

The borrower repays the principal on time as agreed in the contract.