Is it necessary to impound the vehicle for a car mortgage loan?

[LaRose]

You only need to complete the mortgage registration procedures, and there is no need to leave the car with the bank. The relevant introduction to vehicle mortgage is as follows: Introduction 1: A car mortgage loan is a loan obtained from financial institutions or auto consumer loan companies using the borrower's or a third party's car or self-purchased vehicle as collateral. Currently, the primary purpose of loans using cars as collateral is for auto consumption. (Of course, cars depreciate quickly, and the likelihood of traffic accidents affecting the vehicle's value is high, so financial institutions relatively seldom issue loans using cars as the sole collateral). Introduction 2: Unsecured loans are also known as no-guarantee loans or credit loans.