Will the vehicle be transferred after repaying the loan on Maodou New Car?
1 Answers
If you want to transfer the ownership of a vehicle purchased on Maodou New Car Network with a 48-month installment plan, you need to wait until the lease period reaches 12 months and all payments are fully settled. Additionally, all traffic violations related to the purchased vehicle must be resolved before the transfer can proceed. When processing the transfer, you will need to bring the purchase contract, the owner's ID card, driver's license, and other required documents, and follow the customer service instructions. More details are as follows: 1. Introduction: Maodou New Car is a platform that adopts a "lease-to-own" car purchase model. It is quite reputable and widely recognized. This "lease-to-own" model can promote the development of the automotive industry and alleviate consumers' financial pressure when buying a car. It allows consumers to enjoy the vehicle by paying a small initial amount, enabling more people to own a car. 2. Note: The "lease-to-own" model requires leasing the car first, and the ownership can only be transferred after one year of leasing. This means that during the lease period, the vehicle's ownership does not belong to the buyer but to Maodou New Car Network Co., Ltd. Additionally, this "lease-to-own" model involves certain interest charges, so the total cost of the vehicle is often higher than purchasing the same model outright at a 4S store.
