Customers buy cars in full and by installment. Full payment means paying off the car in one lump sum, picking up the car in installments, that is, paying part of the down payment, and repaying the rest of the loan in installments every month. . When you say full payment, it doesn't involve the issue of vehicle mortgage. For installment payment, the vehicle registration certificate shall be mortgaged to the vehicle management office, and part of the ownership shall be written in the name of the bank or financial institution to which the loan is made.
If it is car dealer financing, it is to mortgage part of the factory vehicle certificate to banks or financial institutions. Therefore, the full amount does not involve mortgage procedures.
Decompression of mortgaged vehicles refers to the cancellation of mortgage registration at the vehicle management office, so that vehicles can be freely traded.
1, mortgage?
Pledge means that the debtor or the third party does not transfer the possession of part of the property and takes the property as the guarantee of the creditor's right. When the debtor fails to perform the debt, the creditor has the right to discount it according to law or give priority to compensation with the price of auction or sale of the property. Mortgage is based on something specific and is a form of debt guarantee.
2. Secured loan
Collateral can be: securities, certificates of deposit, bonds, stocks, houses, land, ships, airplanes, etc. Precious metals, gold, jewelry, diamonds, etc. Mortgage loan has collateral. If it is overdue, the collateral will be confiscated or auctioned, such as the silver motherboard.
According to the laws of our country, the realization of mortgage must meet the following four conditions:
(1) Mortgage must exist effectively. If the mortgage is invalid or has been revoked, it cannot be realized.
(2) It must be that the debtor's performance period expires. Whether the time limit for the debtor to perform the debt expires is the time standard for determining whether the debtor performs the debt.
(3) The creditor has not been paid off. The creditor has not been paid off at the expiration of the debt performance period, indicating that the debtor has not fulfilled its obligations on time. No matter whether the debt is delayed or refused to be performed, the creditor can exercise the mortgage right to pay off the creditor's rights.
(4) Outstanding debts are not caused by creditors. Only when the debtor fails to pay off the debt and the creditor is not paid off can the mortgagee exercise the mortgage right. If the creditor fails to pay due to his own reasons, the mortgagee cannot exercise the mortgage right.