Can Bank Mortgaged Cars Be Purchased?

[HarmonyLee]

Bank mortgaged cars can be purchased, but they need to be released from mortgage first. Below are the specific details about mortgaged cars: 1. Illegal Mortgaged Cars: When a vehicle is used as collateral, it is called a mortgaged car. Illegal mortgaged cars refer to vehicles that are still under mortgage status with the vehicle management office and the bank, and the owner privately sells such cars. These cars cannot be purchased and doing so is illegal. 2. Purchase Conditions: Check the mortgage registration details in the 'Motor Vehicle Registration Certificate'. If the final mortgage registration has been canceled, it means the vehicle's secured debt has been fulfilled, and it is no longer a mortgaged car, thus can be purchased. If the mortgage registration has not been canceled, the vehicle management office will not process the transfer procedures.