Can a Financed Car Be Transferred?

1 Answers
EmilianoLynn
07/30/25 9:52am
It is not possible to transfer ownership of a car that is still under a mortgage. When applying for an auto loan, the ownership of the car has already been transferred to the lending institution. During the loan period, the borrower only has the right to use the car but not the right to dispose of it. Only after the entire loan, including both the principal and interest, is fully repaid will the ownership of the car be returned to the borrower. Therefore, a car under mortgage cannot be transferred or sold. Below are the relevant materials required for releasing the vehicle from mortgage: "Vehicle Registration Certificate"; original "Motor Vehicle Mortgage Registration/Pledge Record Application Form" with the lender's official seal; identification documents and copies of both the vehicle owner and the lender; the lender's power of attorney without an official seal. The process for releasing the mortgage after repaying the loan: After repaying the final installment of the auto loan, contact the lending bank within about ten working days to obtain a loan settlement certificate, and retrieve the "Vehicle Registration Certificate" and the purchase invoice that were mortgaged at the bank.
Was this review help?
20
3
Share
More Forum Discussions

What does Nissan mean?

Nissan refers to Nissan Motor Company, which was formerly known as Nissan and is now renamed Nissan. It is one of the three major Japanese automobile manufacturers. 1. The Nissan logo is the abbreviation of Japanese industry. The Nissan Motor Company logo features a circle representing the sun, with the characters in the middle being the Japanese phonetic form of the word "Nissan." The entire pattern symbolizes the goal of people and cars moving toward tomorrow. 2. Nissan (China) Investment Co., Ltd. includes products such as Dongfeng Nissan, Zhengzhou Nissan, and the Infiniti brand. Additional information: The Nissan Murano uses the retuned fourth-generation VQ35 engine, with a maximum power of 228kW and a maximum torque of 327Nm. This engine has won the "World's Top 10" engine award multiple times.
8
3
Share

Can ETC Still Be Used After Falling Off?

Once removed and reinstalled, it cannot function normally. During installation, there is a button on the back of the device that connects to the windshield. Data is only saved when this button is pressed. When the device is removed a second time, the button pops out, triggering the reset mechanism and clearing all data, rendering it unusable. In such cases, the only solution is to reinstall it. ETC stands for Electronic-Toll-Collection, which means electronic toll collection system. Documents required for individual application: The application requires the original and photocopies of the vehicle owner's valid ID and vehicle registration certificate. If the application is not made by the owner, the agent's valid ID must also be provided. The photocopy of the vehicle registration certificate must include the page with the most recent annual inspection stamp. A bank card for deducting highway tolls is also required. Applicants must be between 18 and 60 years old, and the vehicle must be registered under the individual's name. Documents required for company vehicles: A letter of introduction from the vehicle owner (with official seal); photocopy of the organization code certificate or business license (with official seal); original ID of the agent; original vehicle registration certificate; the vehicle for which ETC is to be installed. How ETC works: The vehicle-mounted electronic tag installed on the windshield communicates with the microwave antenna in the ETC lane at the toll station. Through computer networking technology, the system settles payments with the bank in the background, allowing vehicles to pass through highway or bridge toll stations without stopping to pay tolls. Benefits of installing ETC: Time-saving: Eliminates the hassle of waiting in line; Green and eco-friendly: Reduces noise and exhaust emissions by allowing vehicles to pass through toll stations without stopping; Reduces wear and tear: Saves costs by reducing the frequency of vehicle starts and stops, minimizing wear and fuel consumption; Improves efficiency: ETC lanes can theoretically increase traffic efficiency by 2-3 times, making traditional ETC faster, more advanced, and more high-tech. Compared to license plate payment, ETC technology is more mature and advantageous.
13
3
Share

How often should the battery in the Mazda 3 (Axela) key be replaced?

The battery in the Mazda 3 (Axela) car remote key generally lasts 2 to 3 years, so it needs to be replaced after 2 or 3 years of use. Here are some precautions for replacing the remote key battery: 1. When replacing the battery in the remote key, simply pry open the key's outer shell, remove the old battery, and replace it with a new one. 2. When replacing the battery, make sure to check the model of the old battery and purchase a new one of the same model. 3. During daily use of the remote key, try to avoid remote operations from long distances to conserve battery power. Frequent long-distance remote operations will accelerate battery consumption.
7
4
Share

Should You Press the Clutch When Starting the Car?

Starting the car requires pressing the clutch. Pressing the clutch first when starting ensures a smooth take-off. After the engine is started and before the car begins to move, the driver should first press the clutch pedal to disengage the clutch, separating the engine from the drivetrain. Then, the gear is engaged, and the clutch pedal is gradually released to allow the car to start smoothly. Below are some relevant details: 1. Before starting the car, the engine must naturally be started first. When the car begins to move, it accelerates gradually from a complete standstill. If the drivetrain (which connects the entire car) is rigidly linked to the engine, engaging the gear will cause the car to jerk forward suddenly but not actually start moving. 2. This is because the car has significant inertia when transitioning from a standstill to moving forward, creating a substantial resistance torque on the engine. Under the effect of this inertial resistance torque, the engine's speed drops sharply below the minimum stable speed (generally 300-500 RPM), causing the engine to stall and stop working. Consequently, the car cannot start moving, which is why the clutch is necessary. 3. After the engine is started and before the car begins to move, the driver should press the clutch pedal to disengage the clutch, separating the engine from the drivetrain. Then, the gear is engaged, and the clutch pedal is gradually released to allow the clutch to engage progressively. During this process, the resistance torque on the engine increases gradually, so the accelerator pedal should be pressed simultaneously to gradually increase the fuel supply to the engine. This ensures the engine's speed remains at the minimum stable level, preventing stalling. 4. At the same time, as the clutch engagement tightens progressively, the torque transmitted from the engine to the driving wheels through the drivetrain increases gradually. Once the traction force is sufficient to overcome the starting resistance, the car begins to move from a standstill and accelerates smoothly.
1
0
Share

What does the driving license test subject 2 include?

Subject 2, also known as the small road test, is part of the motor vehicle driver's license assessment and is the abbreviation for the field driving skills test. For small vehicles C1 and C2, the test items include five mandatory tests: reversing into a garage, parallel parking, stopping and starting on a slope, turning at a right angle, and driving on a curve (commonly known as the S-curve). In some regions, there is also a sixth item: highway toll card collection. Teaching objectives: Master the essentials: grasp the basic driving operation essentials and possess the basic ability to control the vehicle; Develop skills: proficiently master the basic methods of field and road driving, have the ability to reasonably use vehicle control components and correctly control the spatial position of the vehicle, and be able to accurately control the vehicle's driving position, speed, and route.
5
4
Share

Can I Pick Up My Car on the Same Day After Painting?

Whether you can pick up your car the same day after bodywork and painting depends on the size of the painted area. If the painted area is small, you can usually pick up the car the same day, but the paint needs time to dry completely. Differences in bodywork painting: Bodywork painting can be divided into paint and powder. Powder coating dries relatively quickly, especially in a drying oven, while paint, being a liquid, dries more slowly. Paint thickness: The drying time depends on the thickness of the paint and the degree of atomization. Thicker paint takes longer to dry in an oven, and even longer if left to dry naturally—possibly up to a week. Weather conditions: Sufficient light is required when mixing paint to avoid color discrepancies, so paint cannot be mixed on cloudy days.
1
1
Share
Cookie
Cookie Settings
© 2025 Servanan International Pte. Ltd.