Mercedes-Benz Auto Finance Company loan procedures:

1. Valid personal identity document. Including resident ID card, household registration book, etc. If the borrower is married, the spouse's identity certificate must be provided;

2. Proof of intention to purchase a car issued by the car dealer;

3. Household registration certificate or long-term residence certificate;

4. Proof of personal income, and if necessary, proof of family income or property;

5. If the purchased vehicle is guaranteed by means other than mortgage, relevant materials for the guarantee must be provided;

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6. Proof of down payment for car purchase;

7. If the vehicle purchased with a loan is a commercial vehicle, proof that the purchased vehicle can be legally used for operation must also be provided.

Extended information:

There are three common ways to purchase a car with a loan: credit card installment purchase, bank loan, and auto financial institution loan.

Credit card installment car purchase

Credit card installment car purchase has some restrictions on the amount and repayment interest rate handling fee. The credit card limit cannot exceed the credit limit of the credit card. This method is more suitable for those who are not short of funds. For car owners, the advantage is that the approval is faster and there is no need to provide household registration and property materials.

Bank personal car loan

The interest rate is lower than other methods. It fluctuates slightly based on the central bank's benchmark interest rate. It requires relatively high approval procedures for car owners, such as income certificate and credit report. It is necessary to wait for a series of supporting documents, and some require the car owner to provide a third-party guarantor. Of course, if the car owner's conditions are good, the bank will provide preferential policies, such as lowering the down payment, extending the loan period and lowering the loan interest rate.

Automobile financial institution loans

Compared with the first two methods, this kind of repayment is more flexible, the procedure is simpler, and the loan speed is faster. Approval pays more attention to the car buyer's personal credit, education, income, employment, etc. No bank mortgage is required, and loans can also be obtained if you have an out-of-town account. The materials required for the loan: personal household register, ID card, copy of real estate certificate, residence certificate, and original income certificate.