What is the meaning of transfer of used car? What's the harm of not transferring the used car

what is the meaning of non transfer of used car ownership? What's the harm of not transferring the used car? What's the impact? Let's take a look at the popularity of Xiaobian.

'no transfer of used car'? As the name implies, the non transfer of used car means that in addition to the normal transfer of property rights, it can legally go on the road, and it can normally conduct annual inspection and purchase insurance. The price is extremely attractive, which attracts the buyer's attention. Its price may be less than a third of normal. In fact, this kind of non transfer used car, we can also call it a 'mortgage car'.

Mortgage car, in other words, the original owner used installment payment to purchase the car. At this time, he has mortgaged the "registration certificate" to the bank or a financial institution, and the status shows "mortgaged". However, during the repayment period, the original owner pledged the vehicle to the pawnbroker because of lack of money. The pawnbroker will sign a mortgage agreement with the original owner, which is about X million yuan loaned by the pawnbroker to the original owner. The original owner will repay the principal and interest on a monthly basis. If the original owner fails to repay the loan when due, the pawnbroker has the right to dispose of the mortgaged vehicle. All disputes and legal liabilities arising therefrom shall be borne by the original owner. In this way, the pawnbroker has not yet matured Repayment, the mortgage car was born.

As for the mortgaged car, we all know that the water is very deep, so we can't buy it rashly, because the first one can't transfer the ownership, the second one may be mortgaged for many times. To buy the mortgaged car without going through the mortgage registration formalities is to know that the car has defects in rights, and the malicious purchase is not protected by the state law.