What does it mean for the company to start mortgaging cars?

Working capital. The car of a company resident is the same as that of an individual resident. It is a legal vehicle officially licensed, and it is on the road normally, and the car is inspected and insured. Because the company is short of funds, the car pledge is used as working capital. The company needs capital turnover, pledge the car to borrow money under the company name, and the car will flow to the market after default. The owner of the car under the company name is the company name.