How to Check if a Vehicle Has a Mortgage Loan?
1 Answers
You can distinguish by checking the vehicle's engine number. Here is the relevant introduction about checking if a vehicle has a mortgage loan: Distinguish by checking the vehicle's engine number: When most people provide mortgage loans, they will ask the other party to provide the relevant procedures and certificates of the vehicle, but they often lack effective ability to distinguish the authenticity of these documents. You can request transfer before payment: Scammers who want to resell rented vehicles will inevitably produce matching fake documents. Buyers with low vigilance may easily believe the legal source of the vehicle upon seeing these documents and then readily hand over the payment. However, in fact, the authenticity of these documents is sometimes not easy to distinguish. Therefore, the best way to prevent fraud is to pay the other party only after completing the vehicle transfer procedures.