Now it's very common for banks to borrow money to buy cars, but many people ask where is the green book? Can't I get the green book for a car loan? Let's take a look with Xiaobian.
The vehicle registration certificate is mortgaged to the bank.
The process of mortgage car loan:
Select the car at the bank's special dealer and sign the car purchase agreement or contract;
The borrower applies for personal automobile mortgage loan from the loan bank;
Sign the contract after investigation and approval;
Go through the automobile notarization, mortgage and other procedures;
Bank loans;
After the loan is paid off, the pledge certificate is cancelled and returned to the customer.