Is it fraudulent to take money instead of taking a car?

The car loan money can only be used to buy a car, not for other consumption. If you only take money without taking a car, you are suspected of fraud. The standard for filing a car loan fraud case is that the public security organ determines the nature of the case according to the circumstances. Those who meet the conditions for filing a criminal case shall be placed on file for investigation and evidence collection, and their criminal responsibility shall be investigated, and the recovered illicit money shall be returned to the victim.

In order to defraud the loan, some people beat a car with "three surnames of domestic slaves", that is, after the vehicle was mortgaged, it was mortgaged twice or even three times. In order to get more loans, loan fraudsters eventually disappeared after being mortgaged by many loan companies. Even if it is finally found, these loan companies are busy competing for this car, but there are still many ways to cheat loans only by taking money. People in the car loan industry should be strictly examined before lending, closely tracked during lending, monitored in real time after lending, and firmly grasp every link.

Relevant laws

According to the provisions of Article 266 of the Criminal Law, the crime of fraud defrauds public or private property:

(1) If the amount is relatively large, he shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also or only be fined;

(2) If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined;

(3) If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated.