Can a new car less than three months old be used for a loan?

[LaEdward]

No, the car must be at least 6 months old to qualify for a mortgage. Here is relevant information: Loan types: There are generally two forms of loans. The first involves both the car owner and the borrower jointly applying for the loan, becoming co-borrowers who share the repayment obligation. The second allows the actual fund user to be the sole borrower, with the car owner not required to be present for the procedures. Loan process: The customer provides materials for the vehicle to be mortgaged; the lender's appraiser evaluates the vehicle; the lender and borrower negotiate the vehicle's mortgage value; both parties sign the vehicle mortgage contract and have it notarized; they then proceed to the vehicle management office for mortgage registration and obtain relevant certificates; the mortgage is lifted upon loan maturity.