Can a Car with a Loan Be Transferred?
1 Answers
A car under mortgage cannot be transferred. Below is the relevant information: Reason: The reason is simple, because when applying for a car loan, the ownership of the car has been transferred to the lending institution. In the future, you only have the right to use the car, not the right to dispose of it. Passenger Car: Passenger cars are primarily designed and technically characterized for carrying passengers and their personal belongings and/or temporary items, including the driver's seat, with a maximum of 9 seats. Passenger cars are divided into the following 11 types. Mainly including: standard passenger car, convertible passenger car, luxury passenger car, compact passenger car, roadster, hatchback passenger car, station wagon, multi-purpose passenger car, forward control passenger car, off-road passenger car, and special purpose passenger car.