Is the second-hand car mortgage company legal?

Legal analysis: used cars can apply for mortgage loans, which is not illegal. However, the second-hand car loan needs to meet the following conditions: 1, and the age of the second-hand car is no more than 5 years. 2. The appraised value of used cars is not less than 80,000. 3. The second-hand car has complete documents and is unsecured.

Legal basis: Article 395 of the Civil Law of People's Republic of China (PRC), the following properties that the debtor or a third party has the right to dispose of can be mortgaged: (1) buildings and other land attachments; (2) The right to use construction land; (3) the right to use the sea area; (4) Production equipment, raw materials, semi-finished products and products; (5) Buildings, ships and aircraft under construction; (6) means of transportation; (seven) other property not prohibited by laws and administrative regulations.