Tips for buying a car: the difference between buying a car with a credit card loan and buying a car with a mortgage.

The main difference between buying a car by credit card loan and buying a car by mortgage is the different process.

Process of handling mortgage car loan:

1. Choose a car at a special bank dealer 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. Bank loans;

6. After the loan is paid off, the pledge certificate shall be cancelled and returned to the customer. Conditions for applying for a credit loan:

1,18-a natural person aged 65;

2. The borrower's actual age plus the loan application period shall not exceed 70 years old;

3. Have the ability to stabilize employment, income and repay the loan principal and interest on schedule;

4. Good credit information and no bad records;

5. Other conditions stipulated by the bank.