Where to Handle Vehicle Mortgage?
2 Answers
Vehicle mortgage should be processed at the vehicle management office. The following is relevant information about vehicle management offices: 1. Definition: The vehicle management office is a direct agency under the public security system, mainly responsible for handling motor vehicle registration, modification, transfer, mortgage, and cancellation registration. It is generally available only at the county level or above administrative regions. 2. Post Supervision: Each motor vehicle and driver's license service post in the vehicle management office has the obligation to supervise the work situation of the previous post. If there are questions about the procedures handed over from the previous post, or if business is processed in violation of regulations, as well as issues such as irregular filling of certificates and forms, or failure to sign and seal as required, it should be reported to the supervision post. The supervision post should immediately investigate and handle the matter and make a record of the handling.
I've handled vehicle mortgages several times, mainly at banks or professional auto loan companies. Like the last time at ICBC, I brought the vehicle registration certificate, ID card, and income proof—their service was quite standardized with fast approval. Car dealerships like 4S stores also work, allowing on-the-spot processing suitable for those urgently needing cash. Avoid small loan companies easily; their high-interest rates might trap you. I recommend prioritizing nearby formal institutions like major bank branches for safety and reliability. Nowadays, online channels have increased, with many apps or official websites supporting appointment applications, saving time and effort. However, be mindful of risk assessment—mortgaging means your car could be repossessed. Calculate your repayment capacity beforehand and avoid borrowing blindly. Getting recommendations from friends for trustworthy places is also better than searching randomly.
