The change of ownership of the asset is a management that is considered important when signing the loan, but not the most, because, even if it is changed in case of default, the vehicle is seized in the same way.
It should be borne in mind that the change of ownership can only be made in order to avoid having people whose intention is to borrow under guarantee without the intention of returning it.
The owner is changed so that the debtor cannot refuse to pay the loan or to deliver the vehicle. Therefore, the commitment of cars without change of ownership, not only must analyze the vehicle in question, also analyzing the creditworthiness of customers.
This is done because the financial what will be done if the case comes is to proceed to the analysis of the vehicle, which is worth as a guarantee, as well as whether or not the customer has demonstrable income.
To this type of financing we can say that it is known as a personal loan with vehicle guarantee because in practical terms, what the client signs is a personal loan.
If there is a non-payment of this credit, what the financial will do is act in the same way with which the bank acts, the vehicle will be seized without being able to sell the vehicle at any time.
The procedures must be carried out with maximum security
The reason he will not be able to sell it is because the seller when he asks for the traffic report, the first thing he will see is that the vehicle in question has a debt or embargo.
When the owner of the vehicle is changed, this same way of acting is not used by the debtor, because when the vehicle is in the name of the financier it is if he wishes to recover the vehicle quickly.
What we usually say is that those who do not intend to leave the loan unpaid do not worry, because the change or not the holder or not (while the loan is valid) is not something that is too important.
In all these issues you have to be careful, because we are on issues where acting improperly can cause a series of damages that are not positive for anyone. In these years of crisis and economic difficulties, it has been quite bad and there are still people who are going through it.
People what they want when they have liquidity difficulties
These are solutions that do not put more problems, for this reason we have to go to the doors that open. Pawn the car is something that is quite useful in many cases and an optimal measure to overcome quite important situations.
Of course, when we want to pawn our car we have to rely on a serious company, because in the end we talk about properties and financial issues, so you don’t have to take things lightly. So you know, it has real professionals. Greater security, which is what counts right ?.