What is a vehicle pledge loan? Who can help explain?

Pledge means that you give things to him for safekeeping, and he gives you money, which changes the state of possession of things. You don't have the car, but he has the obligation to guarantee the quality of the pledge (car). The pledge contract shall take effect when the pledged property is delivered.

Mortgage means that if you don't give something to him, he will give you money without changing the status of the thing. The car is still yours, but you need to register the collateral. The vehicle mortgage registration department is the vehicle management department at or above the county level. The mortgage contract shall take effect from the date of registration.