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Introduction of automobile certificate pledge loan

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

Car certificatePledgeloanRefers to the liquidity loan issued to the automobile dealer in order to meet the short-term capital needs of the dealers of the automobile and the pledge of the automobile that is distributed.

Note: Car dealers can use the certificate to pledge.

The automobile certificate is the certificate of the vehicle leaving the factory, and is the certification document of the name, company logo and anti-counterfeiting information printed by the motor vehicle manufacturer and distributed with the vehicle. For consumers, the automobile certificate is one of the statutory documents that must be submitted when handling the procedures for registration, insurance, and cancellation of motor vehicles.

Since automakers implement order-based production, dealers must first purchase the car from the manufacturer and then sell the car to the consumer. If the sales are not good, the vehicle will stay in the dealer for a long time, causing the dealer's cash flow to break. At this time, the dealer will mortgage the car to the bank, and the certificate is the most collateralized guarantee. The bank is temporarily kept. When the new car is sold, the funds are returned, and the money is returned to the bank, and the certificate is retrieved and issued to the car buyer.

However, if the dealer funds can not be immediately returned, or the capital chain is abnormal, the vehicle certificate will be pledged in the bank, so everyone who wants to buy a car must understand the relevant issues of the car certificate before the transaction is successful. After the transaction is successful, you must get your own car certificate in the first time. Applying for steamCar loanWhen paying, you must pay attention to the loan agency you are applying for, you must go to a formal and professional lending institution, and you need to understand the various aspects of the car loan in detail and make a safe loan.

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