Can Mortgaged Vehicles Be Sold or Purchased?

[EdwardLee]

Mortgaged vehicles that are not illegal can be bought and sold. Below is relevant information about mortgaged vehicles: Introduction: Simply put, a mortgaged vehicle is a loaned car, referring to a car that the owner has mortgaged to a bank or lending institution when taking out a loan. Advantages: Quickly obtain cash for turnover without selling the car, avoiding the time and cost of repurchasing a vehicle when funds become available. No local household registration is required; as long as the car is owned by the individual, it can be used for a mortgage loan. No lengthy appointments are needed—any legally registered and compliant vehicle can qualify for a loan without any upfront deposit. Only legal and qualified vehicles are accepted, ruling out cloned or assembled cars. When necessary, forensic vehicle inspection or handling by public security authorities may be required.