Can a mortgaged car be purchased without transferring ownership? Is it legal?

[BethanyMarie]

It cannot be purchased and is not legal. Here is relevant information: 1. Mortgaged car: When a motor vehicle is used as collateral, it is called a mortgaged car. During the mortgage period, if the original owner cannot fulfill their debt obligations, the mortgage company has to dispose of the car at a low price. Since a mortgaged car is not a sale-purchase relationship but a transfer of debt rights. After the vehicle is mortgaged, it temporarily belongs to the mortgage company. Without canceling the mortgage agreement, even if the vehicle is purchased, ownership cannot be transferred. 2. Relevant regulations: Not all mortgaged cars are illegal. Illegal mortgaged cars refer to those still under mortgage status with the vehicle management office and bank, where the owner privately sells such vehicles. Such cars cannot be purchased and are illegal.