Secondly, the requirements for car buyers: generally, the wage income is normal, preferably provident fund, real estate (with property rights) or married. Of course, if you have other written documents that can prove the strength of your paid loan, that's fine.
Then how much can we borrow? The general loan amount is not higher than 80% of the car price, and the rest is called down payment. Some banks or financial institutions need you to pay a down payment before lending. The loan term is one year, two years, three years or five years. If the loan is 80,000 to10,000, 3 years is the best choice, and 5 years will lead to higher interest expenses.
Car buyers are most concerned about the process:
Generally, you have to submit the form that the bank needs you to fill in first (it is better to write it in detail, they will check it) and some basic materials (ID card, household registration book, marriage certificate, etc.). , as well as the residential telephone bill with your name on the certificate, water, electricity and coal bills, vehicle price (fare) and vehicle information parameters (provided by the seller).
After a preliminary investigation, you will know whether the bank is willing to lend you money.
If the bank agrees to the loan, you should sign a vehicle loan mortgage contract, one for the bank and one for you; You have to sign a car sale contract, one for the car dealer, one for you and one for the bank. After signing the contract, the car dealer pays the down payment, and the car dealer contacts the bank to let the bank lend money. In this case, the car will be paid in full!
Vehicle insurance follows the loan term. If you borrow for three years, you will be insured for three years, but now some financial companies can let you pay the premium year by year. Insurance covers one more theft than a one-time payment vehicle, because the car belongs to the bank before you pay it off.
When the car payment arrives, it means that you have paid the car payment, and you can pick up the car or apply for a license directly. After handling the license, you give the vehicle production certificate, invoice, insurance policy, driving license, ID card and household registration book to the bank. After mortgage, the bank will return the driving license and ID card household registration book to you.
These are detailed enough. Finally, don't forget to deposit money in the passbook. The bank will deduct money regularly, and the details of deduction will be sent to you.
References:
Business experience