What does the first release of number segment mean?
1 Answers
First release of number segment means the first car numbering. The following is relevant information about buying a car on mortgage and selling a mortgaged car: Introduction to buying a car on mortgage: Buying a car on mortgage refers to the car buyer paying a portion of the down payment first, and the remaining part is issued to the buyer in installments by the lender. The essence of buying and selling a mortgaged car: A mortgaged car can be bought and sold but cannot be transferred. What the buyer purchases is only the right to use the vehicle. In fact, the essence of buying a mortgaged car is the transfer of creditor's rights. In fact, a mortgaged car cannot be transferred, which does not meet the actual standard of buying and selling. Methods of selling a car during the mortgage period: If you need to sell the car during the mortgage period, you can find a buyer who is willing to pay off the entire loan first. Then, redeem the vehicle registration certificate and vehicle purchase contract from the bank, and bring these documents to the local vehicle management office to complete the cancellation of the mortgage registration, so that the car can be smoothly transferred to the name of the new owner.