What does the three-piece set of mortgaged vehicles include?
2 Answers
Mortgaged vehicle procedures three-piece set refers to mortgage video, mortgage photos, and transfer records. Relevant introductions are as follows: 1. Mortgaged vehicles are divided into fully paid mortgaged vehicles and non-fully paid mortgaged vehicles: Fully paid mortgaged vehicles generally have the vehicle payment completed, but the owner is unwilling or unable to repay the financial company and does not cooperate with the transfer, so the financial company will legally transfer the debt, making it safe to purchase such mortgaged vehicles. Non-fully paid mortgaged vehicles refer to vehicles still under mortgage status with the vehicle management office and bank, which the owner sells privately. Such vehicles cannot be purchased and are illegal. 2. To check if a vehicle is a mortgaged vehicle: You can inspect the motor vehicle registration certificate for the content regarding mortgage registration. If the last mortgage registration has been canceled, it indicates that the vehicle's secured debt has been fulfilled, and it is no longer a mortgaged vehicle, thus can be purchased.
The three essential documents for a mortgaged vehicle include the green book, vehicle license, and invoice. The green book is the motor vehicle registration certificate, which proves the ownership of the car; the vehicle license is the legal document for driving on the road, containing information such as the license plate number and annual inspection details; as for the invoice, it serves as the payment receipt for purchasing the car, recording transaction amounts and other details. As an expert frequently assisting with vehicle mortgage loans, I believe these documents are indispensable—banks or lenders will hold them as collateral; they can only be retrieved once the debt is fully repaid. Poor management can easily lead to disputes, so I recommend regularly scanning and backing them up. These documents are also required for annual vehicle inspections or ownership transfers, so keeping them in a dedicated folder is the most hassle-free solution. Losing any one of them can cause significant inconvenience when reapplying and may affect subsequent transactions.
