Can a Vehicle Be Mortgaged to an Individual?

[LeilaniDella]

Can a Vehicle Be Mortgaged to an Individual? A vehicle can be mortgaged to an individual. If the car is purchased in full, it can be mortgaged to an individual. Legal Basis: Article 395 of the Civil Code of the People's Republic of China: The following properties that the debtor or a third party has the right to dispose of can be mortgaged: (1) buildings and other land attachments; (2) the right to use construction land; (3) the right to use sea areas; (4) production equipment, raw materials, semi-finished products, and products; (5) buildings, ships, and aircraft under construction; (6) means of transportation; (7) other properties not prohibited from being mortgaged by laws and administrative regulations. The mortgagor may mortgage the properties listed in the preceding items together. Legal Provisions: Article 22 of the Regulations on the Registration of Motor Vehicles: When the owner of a motor vehicle uses the vehicle as collateral for a mortgage, they shall apply for mortgage registration with the vehicle management office at the place of registration; when the mortgage rights are extinguished, they shall apply for the cancellation of the mortgage registration with the vehicle management office at the place of registration.