Can someone other than the vehicle owner apply for vehicle mortgage?

[DeRyan]

Someone other than the vehicle owner can apply for vehicle mortgage, but this situation needs to be processed through a pawnshop. Relevant information about vehicle mortgage is as follows: Introduction 1: Vehicle mortgage refers to obtaining loans from financial institutions or auto consumer loan companies by using the vehicle owned by the pledgor or a third party as collateral. Currently, the main purpose of using vehicles as collateral for loans is for quick capital turnover. Introduction 2: Of course, since vehicles depreciate quickly and traffic accidents significantly affect vehicle value, financial institutions relatively seldom issue loans using vehicles as the sole collateral method. Generally, the loan amount is 50-80% of the assessed value.