What is the process of private lending to auto mortgage?

Vehicle pledge loan means that the buyer pledges the vehicle to the investor as a guarantee. When the borrower fails to perform the due debt or other circumstances agreed by the parties occur, the investor may discount, auction or sell the vehicle to repay the debt.

Application conditions:

Vehicles owned by individuals:

Owner's identification

Car Purchase Invoice (Original)

Insurance contract (original)

Vehicle purchase tax voucher

Motor vehicle driver's license (original)

Motor vehicle registration certificate (original)

Motor vehicle number

Identity certificate, marriage certificate, head of household certificate and income certificate of both husband and wife of the owner.

Company vehicles:

Original company ID card

Enterprise organization code certificate (official seal)

Certificate of enterprise legal person

Copy of the business license of the enterprise (with official seal)

Car Purchase Invoice (Original Price)