Buying a car with a credit card is a concern of many people. How to own your own car as soon as possible, how to buy a car with a credit card, what is the process of buying a car by stages, how to operate a credit card to buy a car and so on. I hope everyone can drive their favorite models as soon as possible.
Step 1: Apply for a credit card.
Many banks support credit card installment loans to buy a car, but the implementation process is basically the same.
1. The official business of China Merchants Bank's credit card installment car purchase is called "Easy Car Purchase". All credit card holders can apply, but the review process is strict. Only those invited by China Merchants Bank or those with long certification time can pass the loan approval.
2. The biggest advantage of China Construction Bank's "Longka Car Installment" is that the handling fee is relatively low, such as 12 installment repayment, with the highest handling fee rate of only 3%, and some models can enjoy 0 handling fee, such as 24 installment repayment, with the highest handling fee of only 7%, which still has great advantages in other banks that handle car purchase by installment.
Handle the credit card quickly and get it in 24 hours at the earliest.
Step 2: Select the vehicle type and go through the formalities.
1, the user chooses the car at the designated dealer;
2. Fill in the application form and submit the application materials;
3. The bank conducts the examination and approval (the examination and approval time ranges from 40 minutes to 3 days);
4. Go through the relevant formalities at the bank after approval;
Step 3: Pay down payment and pick up the car.
1 low commission and zero expected annualized interest rate:
Compared with bank loans and car loans from auto financing institutions, there is no interest on credit card installment car purchase. Of course, the so-called zero expected annualized interest rate is to pay the handling fee, but for the lower handling fee, it is a better choice than the other two loan methods.
2 Quick approval:
Fast approval is also an advantage of credit card installment purchase. The approval of some banks' credit card loans for car purchase can be completed in 40 minutes at the earliest, and the longest time will not exceed 3 days. Although the approval speed is fast, it is also caused by some limitations of credit card car purchase. Everything has advantages and disadvantages, and the disadvantages of buying a car by credit card by installment will be mentioned later.
3 Cheap and affordable:
Most credit card banks have credit card activities. After buying a car and swiping the card, you can also redeem the corresponding bonus gifts at the bank, which can be described as killing two birds with one stone.
What should I do if I buy a car by installment with my credit card? What is the process?
At present, many banks have purchased cars by credit card installment, which is lower than that of 4S stores. I suggest that friends who want to buy a car, if they have a credit card, may wish to choose this method. Today, let's briefly introduce how to buy a car by credit card.
Warm reminder: the models purchased by credit card in installments do not include used cars and commercial vehicles.
First, the credit card installment car purchase process:
1. must be a special dealer designated by the bank. Before buying a car, consumers should inquire in the bank official website, choose the car dealer and model, call the dealer or go directly to the dealer to fill in the application as required.
2, online booking, it is best to call in advance to communicate with the staff of China Merchants Bank, but also to check whether there are loan qualifications and quotas;
3. Wait for the assistance of the bank staff and prepare relevant materials (ID card, credit card, work certificate or property certificate, etc.). );
4. Submit relevant information to the bank for review;
5. After the approval, you can pay the insurance down payment, and you can wait for the loan to pick up the car.
Second, the basic conditions for buying a car by credit card in installments
To buy a car with a credit card, the conditions to be met are simple. Because consumers hold credit cards, they have passed the first audit of the bank. Therefore, as long as the credit card is used normally and there is no bad credit record (overdue, frozen, suspected of cashing out), it is still relatively easy to handle.
1. Chinese mainland people;
2. A natural person with full capacity for civil conduct;
3. The age is between 18-60 years old;
What is the process of buying a car with a credit card loan?
With the popularity of credit card loans, more and more people choose credit card loans to buy cars, so what are the ways to buy cars with credit cards? What information do you need for a credit card loan to buy a car?
First, the way to buy a car with a credit card loan
There are two ways to buy a car with a credit card loan. One way is to buy a car at a car dealer that cooperates with the bank. After signing a car purchase contract or agreement with the dealer, the dealer will apply for a loan from the bank. The other is to apply for a loan directly at a bank outlet. After signing a loan contract with the bank, you can choose to sell your car and buy your favorite car.
Second, the characteristics of credit card loans to buy a car:
1, the credit card loan to buy a car is limited, and the maximum credit card loan is 200,000;
2. Some banks have requirements for the holding period of credit cards;
3. Credit card loans are limited to buy cars;
4. No interest, only handling fee.
Third, credit card loan to buy a car information
1. Fill in the loan application form;
2. The lender's valid identity documents, occupation and income certificates and basic family information;
3. The proof or document of the lender's guarantee requirements, and the car purchase contract or agreement shall be provided when applying for the loan through the dealer;
4. Other conditions required by the bank.
Fourth, the process of buying a car with credit card loan
1. After the cardholder chooses to buy a car, the dealer will confirm whether the car is within the scope of credit card loan;
2. The cardholder applies for credit card installment payment by telephone;
3, bank staff to review the borrower's application;
4. After approval, sign a loan agreement with the borrower;
5. The bank transfers the money to the car dealer's account;
6. The cardholder shall go through the formalities of automobile mortgage registration;
7. The cardholder uses the car.
So much for the introduction of how to use a credit card to buy a car.