Why mortgaged car violations need to be cleared up in time

Violations must be dealt with in a timely manner in accordance with the law, otherwise the ticket will cause uneasiness to the original car owner:

When a violation occurs while driving a mortgaged car, the law enforcement traffic police will issue a ticket, or If a violation photo is taken by the electronic police, the original car owner will receive a notice of acceptance of violation penalty. Some customers who drive mortgaged cars do not handle traffic violation records in a timely manner because they are worried that the traffic violation handling process will be too troublesome, causing worries to the original car owners and causing serious losses.

Traffic violations are inevitable while driving. When a violation occurs, we must promptly check the traffic violation record to understand the details of our violation. In addition, we must deal with it in a timely manner within the prescribed time. Generally speaking, the original car owner will receive a ticket or a ticket text message after violating the rules. We should bring our driving license and driver's license in time and go to the local traffic control station to pay the violation fines or go to a designated bank to pay the violation fines. This completes the traffic violation handling process.

Extended information

There are two types of mortgaged cars:

The first type of mortgaged car is a dead (dead) car from a mortgage company or pawn shop. That is to say, the borrower does not come to redeem the car within the specified time. In order to withdraw funds, the pawnbroker can only transfer the vehicle debt (with the vehicle attached) to our car dealership. We sell the debt attached to their vehicles to clients who need to purchase a mortgaged vehicle.

Since the owner may continue to redeem the car, the vehicle cannot be transferred. Since the original car owner defaulted first, customers who actually own the car can drive on the road normally, get insurance, and have normal annual inspections. If the car owner redeems the car, the car will be redeemed at the price we transfer to you, plus interest.

The second type of mortgaged car is a "seized car". The original car owner will mortgage the "registration certificate" to a bank or other financial institution when purchasing, and the vehicle status will show "mortgaged". If the car owner later needs a loan due to financial problems, he will pledge the vehicle to the pawn shop again. When the car owner cannot repay the pawn shop's funds on time, the pawn shop will transfer the debt attached to the vehicle to the car dealer or the customer.

Then the financial institution (bank or credit union, etc.) that pledged the "registration certificate" sued the court to seize the car, and then the vehicle registration status will show "Seized". The meaning of car seizure in the new traffic law is to prohibit the transaction and transfer of the vehicle, so there are mortgaged cars that cannot go through the transfer procedures.