Can You Buy a Mortgaged Car Without the Green Book?

[LaBrandon]

It is not recommended to purchase a mortgaged vehicle, as many mortgaged vehicles may eventually lead to disputes. Although the price may be relatively cheap, you cannot have any traffic violations while driving the car, because handling violations requires the original owner to deal with them, which can be quite troublesome. Below are specific details about mortgaged vehicles: 1. Illegal Mortgaged Vehicles: When a motor vehicle is used as collateral, it is called a mortgaged vehicle. An illegal mortgaged vehicle refers to a car that is still under mortgage status with the vehicle management office and the bank, and the owner privately sells such a vehicle, making the purchase illegal. 2. Purchase Conditions: You should check the mortgage registration details in the "Motor Vehicle Registration Certificate." If the mortgage registration has been canceled, it means the vehicle's debt has been settled, and it is no longer a mortgaged vehicle, so it can be purchased. If the mortgage registration has not been canceled, the vehicle management office will not process the transfer procedures.