Does a car loan come with only one key?

[DelHailey]

Car loans typically come with only one key. For financed vehicles, the vehicle certificate and one of the keys are usually held as collateral by the bank. The second key can be retrieved when the certificate is released. Only the vehicle registration certificate is mortgaged to the bank for financed cars. Additional information: 1. There are two payment methods for purchasing a vehicle: full payment or financing; 2. Financing a car is essentially taking out a loan to buy a vehicle. It refers to the RMB guaranteed loans issued by banks to customers purchasing cars from designated dealers. The buyer pays an initial down payment, and the remaining amount is provided by the lender (bank) in installments; 3. The main requirements for car financing include: having a valid ID and full civil capacity, stable employment with the ability to repay the loan on schedule, and good personal credit history. Car loans are generally repaid within 3 years, though some regions allow up to 5 years. Full insurance coverage is required for financed vehicles.