Car mortgage: After the vehicle mortgage registration, you need to park the car in the garage set up by the lending institution, and you can't continue to use the car. The loan amount is higher than that of non-parking mode, the interest rate is lower than that of non-parking mode, and the loan period is longer than that of non-parking mode, so GPS is not needed.
Who doesn't mortgage the car: You only need to go through the relevant formalities of mortgage the car, and you can continue to use the car after handling the loan. It is necessary to install GPS in the car, and the installation fee shall be borne by the borrower. The corresponding loan amount is not as good as the former, the interest rate has no advantage, and the loan period is generally short-term borrowing.
Want to know more about car mortgage, I recommend consulting Amway car loan. Anmeitu Financial Leasing focuses on automobile financial leasing business, and uses the business model of selling and leaseback of its own vehicles to finance and obtain funds, which provides a convenient financing channel for car owners who need capital turnover in the short term. With rich experience, low-key and deep-rooted accumulation, strong financial strength and excellent brand influence, Anmeitu has covered 18 cities nationwide and has 13 direct stores, striving to become a benchmark enterprise in the financial leasing service industry.