The condition of the vehicle is an important consideration when applying for a car mortgage, and the condition of the vehicle is related to the vehicle's documentation, which includes the vehicle's license and the vehicle's green book. If the mortgage car does not have a green book, can I still apply for a car loan?
We need to make it clear that the vehicle mortgage loan needs to be applied for with the vehicle as collateral, and the vehicle's driving license and green book are important documents to prove the ownership of the vehicle. If the mortgaged car does not have a green book, in this case, it is not possible to apply for a mortgage certificate in the car loan, because there is no green book and the certificate cannot be mortgaged. However, if the current mortgage balance is relatively small, you can first apply for a vehicle mortgage mortgage certificate without mortgage on the car, approve it first, and then settle the mortgage balance, re-mortgage after uncompression, and then lend money, which is also a way. In addition, the current mortgage car can directly apply for car mortgage loans and car credit.
There is a green book for a mortgaged car, and the value of the vehicle also needs to be considered when applying for a car loan. The bank will evaluate the value of the vehicle based on factors such as the make, model, age, and condition of the vehicle, and then decide whether to lend and the amount of the loan. If the vehicle has been used for a longer period of time, or if it is in poor condition, then the likelihood of applying for a car mortgage is reduced.
To sum up, if the mortgage car does not have a green book, there is still a plan, you can apply for a car mortgage loan or car credit for the vehicle mortgage, and if the balance of the mortgage car is not much, you can apply for a car mortgage certificate without a mortgage. At the same time, the applicant also needs to pay attention to the value of the vehicle to ensure that the value of the vehicle meets the requirements of the bank or car loan institution.
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