It is more economical for customers who borrow money to buy a car to choose credit card installment payment than bank car loans and auto financing companies. Credit card installment payment is free of guarantee and interest, and only charges a handling fee. At the same time, when buying a new car by installment, there is no mandatory requirement for buying insurance and renewing insurance. Generally, you only need to buy major insurance and burglary.

1, automobile consumption has also entered the ranks of advanced consumption, and loan to buy a car has become a way for many young people to buy a car. For auto companies, auto finance can not only boost sales, but also benefit a lot from it. More and more auto shops are willing to provide loans for consumers to buy cars. It is understood that the auto loan policy is: the minimum down payment for a car loan is 20%, and the loan period is 1-5 years.

2. The down payment for a loan to buy a car starts from 20% of the sales price of the vehicle, and the down payment will be different for different vehicles and different years. Ordinary customers can apply for installment payment according to a three-year fixed loan. All scientific and technical personnel, civil servants, teachers, doctors, legal representatives of enterprises, managers of large enterprises and staff of financial system can apply for loans with a term of 1-5 years, depending on their selected models.

3. Most sellers have launched a one-stop service for credit consumption according to the different needs of consumers, which makes the cumbersome loan car purchase procedures simple and fast. From car selection, charging, handling bank card, insurance, bank signature to handling parking space certificate, mobile license plate, car inspection and license plate registration, all professional salesmen need to submit the required information.

4. If you want to repay the car with a loan term of more than one year in advance, you generally need to make an appointment with the original lending institution about half a month in advance. Different lending institutions have different requirements.

At the same time, before prepayment, you need to prepare all relevant materials, including personal identity card, loan contract, prepayment agreement, previous repayment bill, repayment application form, etc. After the appointment is successful and the formalities are fully prepared, the repayment can be made at the appointed place according to the appointed time.

Extended data

Conditions for loan to buy a car:

1, with valid identification and full capacity for civil conduct.

2. Can provide fixed and detailed proof of address.

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.

Car loan application materials: original ID card, household registration book or other valid residence certificate, and provide its copy; Proof of occupation and economic income; The car purchase agreement, contract or letter of intent signed with the dealer; Other information required by banks or lending institutions.

How to get a car loan is the most cost-effective

Car loans are handled as follows:

1. The applicant chooses a car in the 4S shop, negotiates the price with the dealer, pays the down payment, and then signs a car purchase contract;

2. Go to the loan bank with the car purchase contract, ID card and real estate license, fill in the loan application form and submit the materials;

3. The bank accepts the loan application and reviews and evaluates the application;

4. Sign a loan contract with the applicant after examination and approval;

5. The applicant shall cooperate with the loan bank to complete the follow-up procedures, including mortgage registration and notarization;

6. The loan bank transfers the money to the account of the car dealer, and the applicant picks up the car in the 4S store.

Extended reading

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks provide RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal of a self-use car (non-profit family car or commercial car with 7 seats or less) purchased by the bank to the consumer, that is, the borrower. The higher the interest rate, the greater the repayment amount of consumers.

The conditions required for a car loan are:

1. Have valid identity documents and full capacity for civil conduct;

2. Can provide proof of fixed and detailed address;

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.

Automobile loan process:

1. Lead the customer to the bank's special dealer to choose a car and sign a car purchase agreement or contract;

2. The borrower applies to the loan bank for personal automobile mortgage;

3. Sign the contract with the consent of the investigation;

4. Go through the formalities of notarization and mortgage of automobiles.

5. The lender handles the loan;

6. After the loan is paid off, the lender cancels the pledge certificate and returns it to the customer.

Potential borrower

The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.

deadline

The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.

What is the most cost-effective way to buy a car with a loan?

The suggestions are as follows:

1, credit card purchase by installment

If the borrower chooses to buy a car by credit card, the more cost-effective way is to buy a specific model. Many car companies will choose to cooperate with banks when selling their cars. Users with bank XX credit cards will get certain discounts and discounts when purchasing specific models. Eligible borrowers can leave a large sum of money when buying a specific model.

2, 4S shop car purchase

When buying a car in a 4S store, it is usually necessary to apply for a loan from an auto financing institution designated by the 4S store, so it is less likely to save money on loan products.

However, the borrower can save money from other places where the 4S shop buys a car, such as refusing to buy any maintenance products of the 4S shop and not buying auto insurance and GPS in the 4S shop.

3. Bank loans

There are two ways to apply for a car loan from a bank, one is unsecured car loan, and the other is car mortgage. Borrowers are advised to choose auto mortgage, because mortgage interest rates is lower and the loan amount is higher.

However, the disadvantages of mortgage loan are long approval time and slow lending speed, which is more suitable for car buyers who are not in a hurry.

Generally speaking, borrowers choose to buy cars in different ways and save money in different ways. If conditions permit, it is the most cost-effective choice to apply for a car loan in a bank, and the interest rate of a bank's car loan is always lower than that of other financial institutions.

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.

Type of automobile loan

Personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan.

The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.

In addition to the above fees, personal auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits.

And credit cards, car loans. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records.

The specific steps of buying a car by credit card in installments are roughly as follows:

1. The cardholder (or applicant) calls the bank's credit card center or goes to the local bank to find out whether he can apply for a credit card car loan.

2. The cardholder holds his ID card to the dealer's site to fill in the installment order for car purchase and submit it to the bank for review.

3. After the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.

4. After the vehicle is licensed, the cardholder needs to go to the bank to go through the mortgage formalities and purchase the required auto insurance.

5. I can finally drive away smoothly.

loan limit

The maximum loan amount generally does not exceed 80% of the price of the purchased car.

Letter of credit clause

1, with 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.

Detectives buy cars, pick up cars quickly and get licenses quickly: provide one-stop car purchase service.

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