Does a mortgaged car have a green book?

[DeJustin]

When buying a car on mortgage, there is a green book, which is usually obtained when registering the vehicle at the vehicle management office. Here are the relevant details: 1. Introduction to the green book: Since purchasing a car with a loan involves borrowing funds from a lending institution, the green book will be temporarily held by the lending institution and can only be retrieved after the loan is fully repaid. 2. Vehicle license: The vehicle license, also known as the motor vehicle license, is the legal document permitting the vehicle to drive on roads within China. It is an important document recognized by Chinese laws and regulations, playing a significant role. Drivers must highly value it to protect their legal rights. The motor vehicle license in the driver's possession contains detailed information, including the license plate number, owner's name, model type, engine number, chassis number, load capacity or passenger capacity, initial registration date, and annual inspection records. The motor vehicle license is unique, meaning for a specific vehicle, there is only one set of engine and chassis numbers.