Is a Mortgaged Vehicle with a Court Judgment Safe?
2 Answers
Mortgaged vehicles with court judgments are safe. Court-judged mortgaged vehicles: Any mortgaged vehicle inevitably involves financial disputes. A vehicle accompanied by a judgment indicates that the court has completed execution and resolved the financial disputes related to the vehicle, awarding it to the first creditor. A mortgaged vehicle with a court judgment is one that has been transferred by the first creditor. Risks of purchasing court-judged mortgaged vehicles: It is possible to purchase, but you must carefully review the content of the judgment to confirm whether the vehicle's ownership has been genuinely obtained. If only a portion of the debt is involved, meaning you only acquire the right to use and custody of the vehicle, a mortgaged vehicle with a court judgment is relatively safer, with a lower risk of theft.
Last time I helped a friend check out a mortgaged car, I encountered a situation with a court judgment. To be honest, having a court judgment does indicate that the car was legally processed by the court, which is much better than a car of unknown origin. However, the biggest issue is: even with a court judgment, the vehicle management office usually still won’t allow the transfer of ownership! No transfer means the car legally remains under the original owner’s name forever. The risk here is: if the original owner has other debt disputes, the car could suddenly be seized and towed away by other creditors. I’ve seen cases where people were driving and suddenly lost their cars—appealing to the court was useless because the judgment only covered the original debt dispute. If you really want to buy such a car, treat it like renting—don’t expect full ownership.
