What does the three-document set for mortgaged vehicles mean?

[McEmilia]

Mortgaged vehicle three-document set refers to: mortgage video, which is the recording of the original owner during the mortgage loan process; mortgage photos, which are photos of the original owner holding the mortgage agreement with the vehicle; and transfer records, which refer to the transaction records of the creditor transferring money to the original owner. Additional information: Classification of mortgaged vehicles: Mortgaged vehicles are divided into fully paid mortgaged vehicles and non-fully paid mortgaged vehicles. Fully paid mortgaged vehicles generally have the vehicle loan fully repaid, but the owner is unwilling or unable to repay the financial company and does not cooperate with the transfer of ownership, so the financial company will legally transfer the debt, making such mortgaged vehicles purchasable. Non-fully paid mortgaged vehicles refer to vehicles still under mortgage status with the vehicle management office and bank, and the owner privately sells such vehicles. These vehicles cannot be purchased and doing so is illegal. Precautions: To check if a vehicle is mortgaged, you can inspect the motor vehicle registration certificate for details about the mortgage registration. If the last mortgage registration has been canceled, it means the vehicle's secured debt has been fulfilled, and it is no longer a mortgaged vehicle, making it purchasable. If the mortgage registration has not been canceled, the vehicle management office will not process the transfer of ownership, and purchasing such a vehicle would still carry risks.