Credit card car purchase process
1, car purchase: You can apply for a loan brand to buy a car when you go to a 4S shop.
2. Application: After you are optimistic about the vehicle you want to buy, fill out the Application Form for Automobile Consumption Loan and the Credit Status Questionnaire, and submit them to the loan bank together with the relevant certificates of personal situation to apply for a credit card loan from the relevant bank.
3. Pending approval: the bank conducts pre-loan investigation and approval. If the loan conditions are met, the bank will promptly notify the borrower to fill in various forms. (The bank's different audit time ranges from 40 minutes to 3 days)
4. Contract signing and business handling: notify the borrower to sign loan contract, guarantee contract and mortgage contract, handle mortgage registration and insurance procedures, pay down payment and handling fee, purchase vehicle insurance and handle mortgage business.
5. Lending: the bank issues loans (which are directly transferred to the car dealer's account by the bank).
6. Car pick-up: The borrower pays the down payment to the car dealer and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
Can I buy a car with a credit card?
You can buy a car with a credit card. At present, there are two ways to buy a car by credit card:
1. It's convenient to buy a car by installment with a credit card, and the threshold is still low. You can apply at the car loan dealer.
2. Pay in full by credit card. After payment, you can apply to the bank for installment repayment according to your own economic situation. In addition, full payment requires that your credit card limit be higher than or equal to the car price.
Can I buy a car with a credit card?
It is ok to buy a car with a credit card. As long as the credit card is enough to pay the down payment or the full amount, you can buy a car with a credit card.
There are two ways to buy a car by swiping a credit card:
1, swipe your credit card to buy a car in installments, and you can apply at the car loan dealer. Most car dealers support swiping your credit card to buy a car in installments, but the difference is that the banks that specify installment cooperation are different;
2. Pay in full by credit card. After payment, you can apply to the bank for installment repayment according to your own economic situation. In addition, full payment requires that your credit card limit be higher than or equal to the car price.
How to buy a car with a credit card is a simple three-step process.
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.
This is the end of the introduction about how to buy a car by credit card and whether you can buy a car by credit card. I wonder if you have found the information you need?