Can a car not under my name be used for mortgage loans?

[DelJayden]

It is possible to apply for a car mortgage loan even if you are not the owner of the vehicle. Complete documentation is required: Using a vehicle under a relative's name as collateral requires all necessary documents to be complete for the application, with none missing. Generally, the required materials include the borrower's and the vehicle owner's ID cards, vehicle license, motor vehicle registration certificate, car purchase invoice, tax payment proof, and car insurance policy. Forms of mortgage loans: The borrowing form can be roughly divided into two types. First, the vehicle owner and the borrower jointly apply for the loan, becoming nominal co-borrowers who share the responsibility of loan repayment. Second, the actual fund user acts as the borrower, and the vehicle owner does not need to be present for the relevant procedures.