What does it mean when a mortgaged car is locked?
1 Answers
When a vehicle is in a "locked" status, it means the ownership cannot be transferred and the car cannot be sold. Below are specific situations regarding vehicle locking: 1. Seller-initiated lock: This situation is particularly rare but not unheard of. If you've just purchased a car and all payment and other procedures are completed properly, you can simply contact the seller to cancel the lock. 2. Financial lock: Due to financial reasons, the vehicle may be forcibly locked by court or public security authorities (such as being sealed). Once the financial issues are resolved, the court or authorities will naturally remove the lock. 3. Violation lock: A driver's license has a certain point limit. When traffic violations exceed or reach that limit, the vehicle will automatically be locked by traffic police. Alternatively, if a vehicle reaches its mandatory scrapping age, it will also be forcibly locked.