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Automobile Certification Pledge Loan Introduction

Time: 2017-01-19         Source: melt 360 finishing         Author: 360 Financial consolidation

Automobile certificatePledgeloanRefers to the working capital loans granted to automobile dealerships in order to meet the short-term capital needs of automobile dealers, collaterals of certificates of automobiles distributed by them.

Note: car dealers can take the certificate as a pledge.

The automobile certificate is the vehicle's automobile factory certificate of conformity, the Department of Motor Vehicle manufacturers printed and distributed with the vehicle containing the name of the enterprise, corporate identity and security documents proof. For consumers, the automobile certificate is one of the legal documents that must be submitted when handling procedures such as motor vehicle registration, insurance and cancellation.

As the car manufacturers to implement order-type production, dealers must first car from the manufacturer, and then car sales to consumers. If the sales are not good, the vehicle will stay in the hands of dealers for a long time, leading to dealer cash flow breakdown, then the dealer will be in the hands of the car mortgage to the bank, while the certificate is the most secured by the guarantee Bank temporarily custody. When the new car is sold out, the funds are returned to the bank, and the money is returned to the bank. The certificate of eligibility is returned and distributed to the car buyer.

However, if the dealer funds can not be withdrawn immediately, or the capital chain abnormalities, the car certification will be pledged at the bank, so you want to buy a car, before the success of the transaction must understand the automotive certification issues related to After the transaction must be successful in the first time get your car certificate. Apply for steamCar loanWe must first understand the application of the loan agencies, we must go to the formal, professional lending institutions, there is a need to understand in detail the various aspects of auto loans, so secure loans.

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