What procedures are required for pawning a car at a pawnshop?
2 Answers
First, it is necessary to confirm the ownership of the motor vehicle, ensuring clear and unambiguous property rights, which mainly include the registration certificate, vehicle license, additional taxes, road maintenance fees, insurance, etc. Evaluation plays a pivotal role in the vehicle pawning process. If the evaluation is too low, it may not meet the customer's needs, making the transaction impossible. The business personnel conduct a comprehensive assessment of the vehicle's model, condition, manufacturing date, mileage, and interior condition to determine the pawning ratio and amount. Sign the contract and pawn ticket. The ticket issuer fills out the pawn ticket, the customer signs it, and after review by the account manager, the finance department's cashier disburses the pawn amount.
Last month I happened to go to a pawnshop for vehicle mortgage, and the whole process was much faster than expected. You mainly need to prepare four things: the vehicle owner's ID card, the vehicle license, the green vehicle registration certificate, and the original car purchase invoice. On site, they will first verify whether these documents are authentic and valid, then send someone to walk around the car to take photos and check the condition of the car, and also take it for a short test drive to evaluate how much the car is worth. After negotiating the price and term, you need to sign the mortgage contract. Note that what you sign here is a mortgage, not a transfer! Special reminder to check the pawnshop's qualifications in advance, as some small workshops may deliberately lower the price or resell the mortgaged car. The whole process takes about two hours, so it is recommended to go in the morning when there are fewer cars and no need to queue.
