Can the company borrow money to buy a car?

Yes According to the information of China Travel Service. A company can mortgage a car. When a company borrows money to buy a car, it needs to provide its business license, tax registration certificate and legal person ID card, and submit a loan application. With the approval of the bank, the loan term is usually between 1 and 3 years, and the mortgage loan is made in the name of the company as a legal person.