How to Check If a Car Is Mortgaged?
1 Answers
Check the vehicle registration certificate. When purchasing a car, there is always a vehicle registration certificate. Examine the status on the vehicle registration certificate to see if there is a "mortgage" notation. Visit the vehicle management department for inquiries. The owner must go in person. If it is a used car, you need to go with the original owner to make the inquiry. Inquire at 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. Check with the traffic police department. If it shows "mortgage," it means the car is a mortgaged vehicle. If it shows "normal," then it is not a mortgaged vehicle.