Why does the 4S shop mortgage the new car certificate to the bank?

[LaAiden]

There is an agreement between the company and the bank. Here are the relevant details: Introduction: There is an agreement between the company and the bank. After the vehicle is sold, the finance department will go to the bank to complete the procedures to retrieve the certificate. Under normal circumstances, it can be delivered to the customer in time. However, if the finance department cannot retrieve it, it may be due to the company's reasons. As long as the company resolves the issues with the bank, the certificate can still be retrieved. Relevant regulations: Article 10 of Chapter 2 of the "Regulations on the Responsibility for Repair, Replacement, and Return of Household Automobile Products" issued by the General Administration of Quality Supervision, Inspection and Quarantine stipulates: Household automobile products shall have a Chinese product certificate or relevant proof, as well as accompanying documents such as product instruction manuals, three-guarantee certificates, and maintenance manuals. It can be seen that the certificate should be available when the car leaves the factory.