Where should the registration take place when a motor vehicle is used as collateral for a mortgage?

[DeAriana]

The owner of a motor vehicle who uses the vehicle as collateral for a mortgage should apply for mortgage registration with the traffic management department of the public security authority where the vehicle is registered. Introduction to motor vehicle mortgage loans is as follows: Definition: A car mortgage loan is a loan obtained from a financial institution or auto consumer loan company using the borrower's or a third party's car or self-purchased vehicle as collateral. The primary purpose of using a car as collateral for a loan is for quick capital turnover. Notes: Most car mortgage loans follow the practice of securing the loan with the vehicle's documents rather than the vehicle itself, meaning that by mortgaging the relevant documents of the car to the lending institution, one can obtain the loan, while the car can still be used normally after installing a GPS. Therefore, before processing the mortgage, it is advisable to first understand whether the car mortgage involves the physical vehicle, to try and avoid institutions that require the vehicle to be impounded.