How to Handle a Stolen Mortgaged Vehicle?
3 Answers
The victim needs to provide the public security authority with proof of their legitimate rights to the vehicle, and the public security authority will file a case. The issue of vehicle theft should be addressed first, followed by the mortgage issue.
Last time my friend's mortgaged car was stolen, I helped him handle the entire process. The first step is to report to the police immediately—obtaining the case filing receipt is crucial. Remember to gather the vehicle registration certificate, mortgage contract, and spare car keys. If a GPS tracker is installed, immediately lock the location and inform the police. Also, contact the mortgage company, as the mortgagee will assist in the investigation. A key reminder: never hire a private towing company yourself—some companies may use spare keys to take the car, leading to serious complications. Throughout the process, keep all call records and written evidence for insurance claims or legal actions later.
I completely understand your anxiety in this situation. The most important thing is to immediately call 110 to file a police report, and remember to have the police issue a written acceptance certificate. Contact your auto loan provider right away to explain the situation, as loan contracts usually contain relevant handling clauses. Check whether your vehicle insurance covers theft coverage - most policies require reporting within 48 hours. You'll still need to make regular loan payments during the theft period, though you can try negotiating for a deferment to avoid credit damage from late payments. Finally, prepare legally - if the vehicle was involved in illegal repawning or collateral fraud, you'll need professional legal assistance to handle ownership disputes.
