What does the three-piece set of mortgage car procedures refer to?
2 Answers
Mortgage car procedures three-piece set refers to mortgage video, photos, and transfer records. Identifying the authenticity of mortgage car procedures: Upon receiving the mortgage car procedures, immediately check whether the names and ID numbers in the documents belong to the same person. Also, verify the authenticity of the vehicle license. Precautions for mortgage cars: Storage of mortgage car documents while driving: Mortgage cars are a special type of used vehicle, and their documents are crucial. For example, the original owner's ID directly affects whether your car can pass the annual inspection. Make several copies of the documents for backup, store videos and photos in a USB drive, keep the original documents at home, carry copies in the car, and always have the vehicle license with you.
I remember when I bought a mortgaged car last year, the three key documents were mainly the vehicle registration certificate, the driving license, and the mortgage contract. The registration certificate is what people commonly refer to as the 'green book,' proving who owns the car; the driving license is a must-have document for driving, as you can't hit the road without it; the mortgage contract is the loan agreement signed with a bank or company, detailing the repayment terms. You must check all these before buying a car—my friend skipped the inspection and ended up having the car repossessed, losing tens of thousands for nothing. Also, be cautious about the authenticity of the documents; it's best to verify them at the vehicle management office, or you might face issues transferring ownership. A thorough vehicle assessment is essential too—I tried to save money on that but ended up spending more on repairs. In short, don't cut corners here. Prepare a folder to keep all the documents handy for whenever you need them. Safety first—don't risk big losses for small savings.
