What documents are required for vehicle mortgage?

[LeDylan]

Vehicle mortgage requires the vehicle license, a copy of the owner's ID card, the mortgage contract signed when the owner pledges the vehicle, the vehicle insurance policy, and the original owner's mortgage contract. Mortgaged vehicles are faster and more convenient to trade than regular used cars. To process a vehicle mortgage, both the owner and the mortgagee must go to the vehicle management office. Vehicle license: It is necessary to inspect the vehicle license and verify the owner's name, brand model, vehicle identification code, engine number, usage type, registration date, and annual inspection date. Copy of owner's ID card: Check whether the name on the copy or electronic version of the owner's ID card matches the name on the vehicle license. A copy of the ID card is also required during annual inspections. Mortgage contract signed when the owner pledges the vehicle: Although buying a mortgaged vehicle is not illegal, vehicles of unknown origin cannot be traded. It is essential to ensure that the mortgage contract is signed by the owner to guarantee its authenticity and validity. Vehicle insurance policy: The vehicle insurance policy serves as a reference. If the vehicle is a customer's returned car, the insurance policy can provide clear details.