How to Check if a Car is Mortgaged?
1 Answers
Check the motor vehicle registration certificate. When purchasing a vehicle, there is always a motor vehicle registration certificate. Examine the status on the motor vehicle registration certificate to see if there is a "mortgage" notation. Inquire at the vehicle management department. The owner must go in person. If it is a used car, the original owner must accompany you to make the inquiry. Check with the insurance company. The status of the car affects the beneficiary of the car insurance. If it is a mortgage loan, the beneficiary is the bank. Inquire at the traffic police department. If it shows "mortgage," it means the car is mortgaged. If it shows "normal," then it is not a mortgaged vehicle.