Can a car not under my name be mortgaged?

[McMiranda]

Yes, as long as the vehicle owner agrees, this type of loan is called an auto title loan. Here is relevant information about auto title loans: Fully-paid vehicle: refers to mortgaging a car that was either purchased with a lump-sum payment or has completed installment payments, making it a fully-paid vehicle. Advantages of auto title loans: (1) Quickly obtain cash flow without selling the car, avoiding the time and cost of repurchasing a vehicle when funds become available. (2) Eliminates the awkwardness of borrowing from relatives and friends, and prevents others from knowing about your financial shortage.

[KylieLee]

As someone who frequently deals with automotive-related matters, I believe the key to vehicle collateral lies in ownership. If you are not the owner and wish to use someone else's car as collateral, this is generally not permitted because the vehicle registration certificate and ownership are under the owner's name. Any legitimate lending institution or pawnshop will require the owner to be present to sign the contract. Otherwise, it may be considered an illegal operation, leading to legal risks such as fraud or property disputes. For example, I have seen cases where people thought they could solve their financial problems by using a friend's car as collateral, only to be rejected or reported to the police due to lack of authorization. My advice is that if you urgently need funds, it's best to directly discuss with the owner to obtain written authorization or seek other collateral options. Vehicle collateral involves high-value assets, so it's essential to comply with local regulations and ensure everything is legal and transparent to avoid unnecessary trouble and losses.

[MaverickLee]

From my personal experience, non-owners mortgaging a car is quite complicated in reality. Once when helping a friend with a loan issue, the bank clearly stated that it's impossible unless it's the owner themselves—the system simply won't approve without the owner's ID card and handwritten signature. Mortgaging a car isn't as simple as selling an item; it involves legal protections and risk control. If you're not qualified to handle it, lenders may suspect fraud, potentially rejecting the transaction or even reporting it to the police. I also recommend checking out car forums—many threads discuss such situations, like cases where someone secretly mortgaged a family member's car, only for the owner to find out and take legal action, leading to severe consequences. The safest approach is: either have the owner handle it personally or provide a notarized power of attorney—this ensures the interests of both parties are protected. Don’t let short-term needs lead to long-term troubles. Given the high value of a car, every step must be taken cautiously.

[MacEthan]

I think the simple truth is it's not allowed. The car isn't yours, so you have no right to use it as collateral. The ownership certificate is with the car owner, and banks or lending companies will verify the information. If you insist on doing this, you might be treated as a thief, which could lead to serious consequences. It's best to directly ask the car owner to handle it or authorize you to do so.