Can a car not under my name be mortgaged?

1 Answers
StJosephine
07/30/25 7:19am
No, a car not under your name cannot be mortgaged because you are not the owner of the vehicle, and banks or lending institutions will not recognize such a mortgage. Below is relevant information about auto title loans: Definition: An auto title loan is a loan obtained from financial institutions or auto consumer finance companies using the borrower's or a third party's car or self-purchased vehicle as collateral. Overview: In China, banks generally do not provide auto title loan services. Such services typically require applying through private professional credit institutions. For example, auto title loan services are specifically designed as short-term small-amount credit services for small businesses, individual merchants, and entrepreneurs.
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