The vehicle mortgage displayed on "Traffic Management 12 123" means that the vehicle was purchased by loan, and the motor vehicle registration certificate is deposited as collateral in the bank or the financial institution of the vehicle enterprise. 12345 this kind of situation usually happens when the owner buys a car through a bank loan. As long as the owner repays the loan on time, the mortgage status will not affect the vehicle. After the repayment is completed, the owner needs to go through the formalities of knowing the charge, so as to update the registration status on "Traffic Management 12 123" and the vehicle truly belongs to the owner. Some materials are needed for vehicle launch, including motor vehicle registration certificate, loan repayment certificate issued by the lending institution, lender organization code, motor vehicle mortgage change application form, power of attorney, motor vehicle owner ID card and so on.