The down payment process for buying a used car (provided by the credit card center) is similar to that for a new car loan, but there are some special requirements. According to the requirements of some auto financing companies, only used cars with kilometers less than1.2000 kilometers and car age less than 5 years can apply for loans. The down payment ratio of used car loans is 50%, the longest loan period is 3 years, and the shortest loan period is not less than 13 months. In addition, the life of the car plus the life of the loan does not exceed 6 years.
After the pre-loan materials are reviewed, the original motor vehicle registration certificate will be sent to the auto financing company, and the auto financing company can lend after it is confirmed to be correct. It only takes a few working days to drive the car home.
Conditions for handling auto loans:
Ability to pay down payment;
Sign a car purchase contract with the dealer and insure the vehicle (generally requiring reinsurance of used cars); Then, the bank accepts the loan application and decides whether to approve it;
The down payment of a used car is different from that of a new car. Generally 30% down payment and 70% loan.
The general loan term is 1 to 3 years, with a maximum of 5 years.
Second-hand car loans range from 40,000 to 5 million according to different vehicles, which can meet the requirements of brand loans.
The age of the lender must be greater than 18, and the sum of the borrower's age and the loan period is not greater than 70.
Customer type must be self-employed, standard salary, freelancer, excellent occupation, etc.
A used car with a car age of 5 years and a mileage of 80,000 kilometers does not need to be evaluated when lending, but it needs a down payment of 50%, and the repayment adopts an equal monthly payment.
Prepare information:
(1) has legal identification;
(two) a stable economic income, good credit and the ability to repay the principal and interest of the loan;
(5) There are assets recognized by the loan bank for mortgage or pledge, or (and) legal persons, other economic organizations or natural persons with sufficient compensation capacity as guarantors;
(6) Other conditions stipulated by the lending bank:
1. Have valid identification and full capacity for civil conduct;
2. Can provide a fixed and detailed address certificate;
3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;
4. Personal social credit is good;
5. Holding a car purchase contract or agreement approved by the lender;
6. Other conditions stipulated by the Cooperation Organization.