Can a car that is not under my name be mortgaged?

[VanJoanna]

It can be mortgaged, but relevant authorization and documents must be obtained. Below are the considerations for mortgaging a car not under your name: Complete Procedures: Using a relative's car as collateral requires all procedures to be fully completed before processing, with none missing. Generally, the required materials include the borrower's and car owner's ID cards, vehicle license, motor vehicle registration certificate, car purchase invoice, tax payment certificate, and car insurance policy. Forms of Mortgage Loans: Loan forms can be roughly divided into two types. First, the car owner and borrower jointly apply for the loan, becoming nominal co-borrowers who share the responsibility of repayment. Second, the actual borrower uses the funds, and the car owner does not need to be present for the procedures. Fee Standards: Different loan forms have varying fee standards. If the borrower and car owner are co-borrowers, the monthly management fees for mortgaging the car and mortgaging the documents without the car will differ. If the car owner is not present and the borrower unilaterally uses someone else's car as collateral, the handling fee rates will significantly increase, with separate adjustments for mortgaging the car and mortgaging the documents without the car.

[Anastasia]

Honestly, I'm the kind of person who often helps friends with car-related matters, and I'm quite familiar with the mortgage process. You definitely can't mortgage a car that isn't yours. Why? Because lenders require you to provide documents like the vehicle registration certificate and driving license to prove ownership. If you try to mortgage someone else's car without authorization, it's illegal and considered fraud. Banks or other institutions rigorously verify the owner's information. If they find out you're not the actual owner, your application will be rejected immediately. Worse, you could face legal action or end up with a criminal record. Even if a friend lends you their car, the owner must be present in person to complete the paperwork. From a self-protection standpoint, never attempt this. In group chats, people often share real-life cases—some tried to mortgage a relative's car for convenience, only to end up in legal trouble without getting any money, which is a huge loss. So, all drivers should remember: mortgages only apply to property you own, otherwise you're digging your own grave.

[AlessandraDella]

I remember a buddy recently wanted to use his company's car as collateral for an emergency loan, but got rejected by several banks. They told him that during the loan process, they must verify the vehicle owner's ID and registration to ensure clear ownership. If it's not your own car, the whole process simply won't work. It's like borrowing keys to steal someone else's car—extremely risky and could lead to credit blacklisting or legal trouble. From what I understand, the essence of collateral is providing assets as security. If ownership isn't legitimate, institutions will outright reject it to prevent fraud. Actually, this situation is quite common—many people make rash decisions when urgently needing money. But it's always better to communicate with the actual owner and have them handle the collateral process, or find a legal way to borrow. As for alternatives: if the owner authorizes you, theoretically you might go through notarization procedures, but those steps are complicated and error-prone. Bottom line, my driving experience teaches me—don't try shortcuts. Safety first, and only proceed when you have clear ownership.

[MacFinley]

Mortgaging a car that isn't yours is absolutely not allowed. It violates the legal principle of ownership, meaning only the true owner of the car can mortgage it. Lending institutions will verify all information, and if it's not your asset, they'll reject the application because you have no right to dispose of something that doesn't belong to you. The risks are extremely high—at best, you'll be recorded for misconduct; at worst, you could be taken to court, disrupting your life. Having driven for over a decade, I've seen similar cases: someone privately mortgaged a friend's car, ended up not getting the money, and caused a huge argument. Remember, cars involve significant assets and must be handled through proper channels. Potential risks include damaging personal credibility or burdening the car owner, so don't take the chance. Make sure to only mortgage a car under your name—nothing else is acceptable.