Is it really safe to replace all the locks on a mortgaged car?
1 Answers
After replacing the locks, it can only be said that the car is slightly safer than before, but not 100% safe, because the most important thing for a mortgaged car is the tracking device. Simply put, as long as there is a tracking device on the car, the car will never be completely safe. Local residents don't buy, rent before buying, unclear debts, top luxury cars are not bought, new cars are not bought, and locked cars are not bought. As long as the above six 'do not buy' rules are followed, the safety factor of the car is much higher. Private or mortgage contracts cannot be registered at the vehicle management office, making the mortgage invalid. Others can buy the car, but it's best to request a transfer of ownership. When the contract specifies a time (such as when her debt is due), the transfer procedures will be processed at that time, so payment cannot be made to two parties. However, if the car insurance is under someone else's name, what troubles might arise in the future? If a strong compulsory traffic insurance is not paid, penalties will be imposed, making vehicle inspection more troublesome. When the mortgagee and the mortgagor enter into a mortgage contract, it must not be stipulated in the contract that the mortgage or ownership will be transferred to the mortgagee if the debt is not repaid by the due date. For vehicle mortgages or mortgage registration, the mortgage contract takes effect from the date of registration.
