Car mortgage, can the car go?

The car can go. The vehicle is mortgaged only by the value of the mortgaged vehicle, and the vehicle is still occupied and used by the owner. The establishment principle of mortgage is not to transfer the possession of collateral.

Article 179 of the Property Law

In order to ensure the performance of the debt, the debtor or a third party mortgages the property to the creditor without transferring the property, and the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties.

Laws and regulations related to automobile mortgage:

Requirements and materials for applying for car loan service for car mortgage:

1. has a stable occupation, and the applicant has the ownership of the local mortgaged vehicle.

2, living and working in the city for a long time, to carry out business occupation and economic income.

3, motor vehicle registration certificate, driving license, purchase tax certificate (this), car purchase invoice.

4. Insurance policy, travel tax, and relevant tax payment certificates for imported vehicles.

According to the provisions of the Property Law, when real estate and related rights are mortgaged, the registration system shall be implemented, while when movable property such as production equipment and means of transport is mortgaged, the registration system shall be implemented. According to this regulation, automobile mortgage is registered against the system, and failure to register does not affect the validity of the contract.