Can a Mortgaged Vehicle Be Sold?

[LeBrantley]

Mortgaged vehicles cannot be bought or sold. Below is relevant information: 1. Reason: Because mortgaged vehicles cannot undergo ownership transfer after purchase, they essentially still belong to the lending institution or bank, not the buyer. The buyer does not have ownership of the mortgaged vehicle. 2. Transfer conditions: As long as the mortgage agreement has not been terminated, the transfer procedure cannot be processed. However, once the mortgage is lifted, the mortgaged vehicle can be transferred normally. If the buyer can negotiate with the vehicle owner to have the owner and the bank or lending institution sign a mortgage release agreement, then the mortgaged vehicle can be transferred normally.