Can a car that is not under my name be used as collateral?

[DeLucille]

Can a car that is not under my name be used as collateral? Yes, as long as the vehicle owner agrees, this type of loan is called an auto title loan. An auto title loan is a loan obtained from financial institutions or auto consumer loan companies using the borrower's or a third party's car or self-purchased vehicle as collateral. Situations where transfer of ownership is prohibited: 1. Vehicles without compulsory traffic insurance cannot be transferred; 2. Vehicles that have been modified, altered, or had their cargo weight or passenger capacity changed without approval; 3. The applicant cannot act as an agent for the original owner to complete the transfer procedures; 4. Vehicles with unresolved traffic violations or accidents, or those under investigation by public security authorities; 5. Vehicles that have not undergone regular inspections or failed inspections; 6. Smuggled, customs-supervised, or stolen vehicles cannot be transferred; 7. Vehicles under court-ordered freeze or with unresolved mortgages.