Where is the green book for used car installment payment?

[DanielaFitz]

For used car installment payments, as long as the car is purchased with a loan, the green book will be mortgaged. Here are the relevant details: 1. Specific reason: Because the car is purchased with a loan, the vehicle registration certificate is not in your possession but is held by the financial institution providing the loan. If you need to buy a car with an installment loan, you will need to mortgage the motor vehicle registration certificate. During the mortgage period, the green book is kept by the vehicle management office on your behalf. After the mortgage is lifted, it is kept by the vehicle owner and does not need to be carried with the car. 2. Introduction to the green book: The 'Motor Vehicle Registration Certificate' is essentially the car's household registration book, commonly known as the 'green book.' The motor vehicle registration certificate is the legal proof of vehicle ownership, kept by the vehicle owner and not carried with the car. When handling any vehicle registration procedures such as transfer or change of ownership in the future, the vehicle registration certificate must be presented. It records the relevant details of the vehicle and is equivalent to the car's 'household registration book.'