Legal analysis: law. If the borrower is unable to repay, the loan bank or platform will inform the borrower of the transfer of creditor's rights. If the borrower is really unable to repay, the loan bank or platform can only auction the vehicle and repay the loan with the proceeds.

1. The Application Form for Motor Vehicle Mortgage/Mortgage Cancellation Registration must be filled in truthfully. Submit legal and complete application materials:

2. Identification certificates of mortgagor and mortgagee;

3. Motor vehicle registration certificate;

4. The main contract and mortgage contract concluded by the mortgagor and the mortgagee according to law;

Legal basis: Article 33 of the Measures for the Registration of Motor Vehicles in People's Republic of China (PRC) stipulates that if a mortgagor (owner of a motor vehicle) takes a motor vehicle as collateral, the mortgagor and the mortgagee shall fill out the Application Form for Motor Vehicle Registration and jointly apply for mortgage registration with the following materials to the vehicle management office where the motor vehicle is located, and submit the vehicle for examination: (1) Identification certificates of the mortgagor and the mortgagee; (2) Motor vehicle registration certificate; (three) the main contract and mortgage contract concluded by the mortgagor and the mortgagee according to law.