First of all, if your monthly income is 5,000 yuan, you can directly get a loan from a bank to buy a car. Buying a car with a loan from a bank requires that the borrower's income is stable and legal, and his credit is good. If your credit is not very good, you will be easily rejected by the bank. Secondly, use credit card installment. If your monthly income reaches 5,000 yuan and you are using a credit card, you can use a credit card to pay in installments. The advantage of using a credit card to buy a car in installments is that there are no interest fees, but there are certain handling fees for credit card installments.
You can also choose to buy a car through a car finance company loan. If you get a loan from an auto finance company to buy a car, it is usually more convenient and faster to apply for the loan, and there are various repayment methods. The auto finance company can develop different repayment methods according to your different needs.
You can apply for a loan directly from a small loan company. If you need to contact the relevant loan company to quickly handle the loan business, you can directly click on the homepage of Card Alliance to consult the relevant loan consultants and quickly handle the loan business.
If consumers use a credit card loan to purchase a car, they only need to use a credit card with a valid period and a good credit record, provide their ID card and apply to the card-holding bank to purchase the car in installments. Even if you don't have a credit card, you can still go through the car purchase procedures with a credit card at a car dealer, and the process can usually be completed within 3-7 working days.
The convenience of loans from auto finance companies is not only reflected in the fact that they can be applied for directly through 4S stores, but also in that they do not require too many hard conditions such as household registration and real estate. Although the process of applying for a car finance loan is not troublesome, the strict approval process can be said to be "harsh" compared to bank credit card installments. In addition to providing proof of personal identity and income, you also need to provide proof of marriage (for couples purchasing a car), Real estate certificate, bank personal running accounts may even include utility bills, property fees, some current accounts of personal companies, etc.
For non-civil servants, lawyers, doctors, state-owned enterprises and other stable and high-income professional groups, auto finance companies also stipulate that they must have a guarantee company to guarantee them, and even require on-site home visits. Not only is the procedure more cumbersome, but it also increases the number of lenders. Certain guarantee expenses will be paid.
Auto finance company loan programs often have active deadlines, unlike credit card installments, which are sustainable. Maybe the auto finance product program you learned about last quarter will be terminated in the next quarter. Of course, as competition in the auto market intensifies, various auto finance companies are still developing a benign operating model. For example, banks do not provide vehicle replacement services, but auto finance companies can flexibly adopt the method of exchanging old cars to offset the down payment. This is common. Advantages that banking institutions cannot match.