Can a Mortgaged Car Be Driven for a Lifetime?
2 Answers
Mortgaged cars cannot be driven for a lifetime. The specific reasons and precautions are as follows: Specific reasons: No matter what type of car it is, it will have a scrapping period. In the past, any vehicle was subject to mandatory scrapping after 15 years. Although the new standards no longer enforce scrapping based on years, if the mileage exceeds 600,000 kilometers, the vehicle will need to be scrapped once detected. Precautions: When purchasing a mortgaged car, if the chosen car's debt is clear, the dealer is reliable, and no one is eyeing the car, it is essentially the same as a normal vehicle. It can still undergo annual inspections, purchase insurance, and be driven on the road. Therefore, mortgaged cars are not as exaggerated as some online claims suggest. As long as you buy a legitimate mortgaged car with clear debt and proper security measures in place, you can drive it normally.
From a technical perspective, having driven dozens of cars, I deeply understand that vehicles have a limited lifespan. It's virtually impossible to drive a financed car for a lifetime. Cars are like electronic products—they gradually age. Engines wear out, transmissions may fail, and bodies corrode, all requiring regular maintenance to extend their life. Even if you maintain it well during the financing period, driving it for twenty or thirty years is the maximum. After that, it's time for scrapping. There's another risk with financed cars: if the loan isn't fully repaid, the bank can repossess it at any time, shattering your dream of driving it. The reality is that cars are designed to last around ten years; with good maintenance, maybe double that. But a lifetime? Don't count on it. It's better to prepare for a replacement early—safer and more worry-free.
