Vehicle mortgages or home mortgages are a good option if you need them urgently. But the only thing is, these mortgages usually need to be in your name. However, if you want to use someone else's car for the mortgage, it is not entirely impossible, as long as certain conditions are met。

Isn't your car a mortgage? What conditions need to be met

First, you need the consent of the original owner. This is important, and you cannot mortgage someone else's car without the written consent of the original owner and the supporting documentation。

Next, you find the right loan platform. Because of the risks involved, not all platforms are willing to accept such loan applications. So you have to spend some time comparing and consulting, and avoid choosing the platform for the package。

In addition, the vehicles themselves need to have a market value. The vehicular mortgage requires that the vehicle itself be of value, so that, even if you are late, the loan platform can stop the damage by treating the vending car. So your car needs to be evaluated, and the value assessed directly affects your loan line。

In addition, good car condition is a necessary condition. There are certain requirements for the vehicle ' s condition, such as the absence of visible damage to its appearance, the good condition of the vehicle, and the fact that there are no limits to the distance travelled, which directly affect the final approval of the loan。

Finally, it is recalled that full application information is required. This includes information on your personal identity card, vehicle travel permit, etc., which can help the lending institutions to better understand you, thereby increasing your pass rate. Information requirements may differ from one lending institution to another, so it is necessary to be clear in advance。

In the light of the above, it is not easy, but not entirely impossible, to use someone else's car for a mortgage, and it is possible to apply for a loan if you meet the above conditions。