Why can't a fully paid vehicle with the original title be transferred?
1 Answers
A fully paid vehicle with the original title, even if it is a legitimate car with normal procedures, still has drawbacks. Since such a car comes with a full payment clearance certificate and the original title, it is generally a released mortgage vehicle, meaning it was transferred as collateral for the original debt. Such vehicles are not under the owner's name, and purchasing them carries the risk of being seized. When purchasing, it is important to pay attention to the source and whether the vehicle has been tampered with. Below is additional information: 1. Source of the mortgage vehicle: When purchasing a mortgage vehicle, you need to know the source of the car. If you buy an illegal mortgage vehicle, it is against the law and carries significant legal responsibilities. 2. Engine inspection: When purchasing a mortgage vehicle, always check if the engine has been tampered with. It is best to have a professional auto repair technician accompany you to inspect the car.