Why do you need to go to the vehicle management office to get a mortgage when you get a bank loan to buy a car? Why did the bank say that the driving license was still in my name? The bank took away the green book

To buy a car and get a bank loan, you need to go through mortgage procedures. The mortgage procedures can only be handled at the vehicle management office.

A car buyer purchases a car with a loan. After paying the down payment and applying for a vehicle loan, and having all the car purchase information ready, he can apply for a driving license and vehicle-related procedures. The name of the car buyer will be displayed on the driving license.

The green copy is the vehicle registration certificate. Because the vehicle is a mortgaged car purchased with a loan from a bank, the bank, as the creditor, needs to keep the green copy and return it to the car buyer, the lender, when the remaining loan of the vehicle is settled. Green book.

Extended information

Attention issues

1. Hidden costs need to be understood in advance: When booking a car, ask clearly what the total price includes and whether there are any other hidden costs. Sexual expenses such as: new car inspection fees, delivery fees, etc., and also pay attention to whether the loan contract is provided by a bank to avoid trouble when picking up the car.

2. Installment car insurance binding: If you choose to buy a car in installments with a credit card, generally car dealers will require you to apply for car insurance for a specified period from a designated insurance company. Consumers should pay attention to whether the car insurance price is acceptable. .

3. Oral agreements are not guaranteed: Unless the car is purchased in full, other forms of loan purchases will not be able to obtain the full discount for the full payment of the car. Car sellers often promise various discounts verbally, and any promises that are not put down on paper are just words on paper. In order to avoid disputes in the future, consumers need to think carefully when choosing a car loan method.

4. The loan amount should be clarified: Generally speaking, the maximum loan amount can be 200,000 yuan with personal credit or joint liability guarantee; when applying for mortgage of purchased vehicle or real estate, the loan amount can be 70%; For third-party guaranteed loan applications (except banks and insurance companies), the loanable amount is 60%.

5. Understand the repayment methods: Banks generally provide two repayment methods: equal principal and interest and equal principal for users who apply for personal car loans: among them, the total interest paid for equal principal and interest is relatively large, but The repayment amount of each period is the same, and the repayment pressure is dispersed more evenly; the repayment amount of each period of equal principal payments gradually decreases. Although the total interest expenditure is less than the equal principal and interest, the initial repayment amount is larger, so you should think twice about whether you can afford it. Why do car mortgage loans require green capital?

There is no green copy when car rental, because when applying for a mortgage loan, the green copy is deposited with the approved lending institution.

If you apply for a loan at this time, you still need a green book to register a mortgage. Without a green book, you cannot apply for a mortgage loan. There are also some loans. You only need to provide a copy of the Nian Lv book to apply for the loan.

There is a kind of loan that you can apply for without pledging the car, which is to mortgage the vehicle to the lending institution, but you do not need a green book, so you can still get a loan. If the car is mortgaged, the user will not be able to use the vehicle normally

I wish you peace and smooth sailing in your future life. When you encounter difficulties, you can also face them and achieve success. Don't be too cautious. If you have any questions about human fluids that you don’t understand, you can continue to ask. Don’t feel embarrassed or have any worries. We have always been your staunchest friend. We can also deal with illegal infringements and unpleasant things in real life. Let me talk in detail. We have always provided the most reliable judicial answers and help. Don’t be afraid when encountering difficulties. As long as you persist, the sunshine is always after the storm. Difficulties will definitely be overcome. As long as you don’t give up and move forward wholeheartedly to find a way out. Is it necessary to mortgage the green book to buy a car from a 4S store?

When taking a loan from a 4S store, you must mortgage the vehicle registration certificate. This is to prevent you from buying or selling the vehicle during the loan period. Generally speaking, this is the case. If most people buy a car with a loan, the green book will basically be mortgaged with the lending institution, and even include the car purchase invoice.

When customers purchase a car with a loan, the green copy (vehicle registration certificate) does need to be mortgaged, but it is not deposited directly with the 4S store, but with the automobile consumer finance company or bank that handles the car loan.

Of course, what is actually pledged is the vehicle, but the car will be used when the owner drives away, so you need to put the green book in the handling bank (auto consumer finance company) as a certificate, and the green book will have the vehicle mortgage. Registration information. The car owner does not own the vehicle during the car loan period, but only has the right to use the vehicle.

As long as the car loan is paid off, the customer can go to the handling bank (auto consumer finance company) to handle the loan settlement procedures, apply for a loan settlement certificate, and then get back the mortgage green copy. After receiving the loan settlement certificate and green copy, the customer will then go to the local vehicle management office to go through the mortgage release procedures and cancel the vehicle mortgage registration. At that time, the car will truly belong to the customer.

There is no time limit for vehicle release. Customers can handle it at any time. If they are not free, they can also entrust others to do it for them. Some 4S stores also provide agency release services.

There are three types of loans

Mortgage loans, secured loans and credit loans. Currently, only a small number of banks issue credit loans to old customers with good credit. Home loans and car loans are both mortgage loans.

Car loan application process:

1. First, the borrower needs to prepare ID card, proof of residence, work certificate, loan purpose certificate and other supporting materials, go to a bank and fill in the An application form and a contract.

2. Then, wait for the bank’s pre-loan qualification investigation and approval. If the borrower meets the loan conditions specified by the bank, the bank will notify the borrower to fill in some loan form materials. If the loan applied for by the borrower requires a mortgage or guarantee, it is also necessary to sign a guarantee contract, a mortgage contract, and go through mortgage registration procedures; if it is an unsecured loan, there is no need to sign such a contract.

3. Secondly, banks issue loans to borrowers. Generally, banks will issue loans after approval within 2 to 3 weeks or 1 month, and the loan can be released as soon as 1 day.

4. Finally, the borrower pays the down payment to the car dealer and goes through the car delivery procedures with the passbook and the car delivery note issued by the bank. Note: In the process of applying for a personal car consumption loan, the applicant needs a copy of the ID card, a copy of the household register, a copy of the marriage certificate, a proof of income, a bank statement, a copy of the real estate certificate and other procedures.