The car bought by the loan can be sold, but it can't be bought and sold freely until the loan is settled. Because the vehicle loan was mortgaged to the bank before it was settled, the vehicles with mortgage registration could not be bought and sold freely.

When buying and selling a loan vehicle, you can choose to buy and sell after the loan is paid off, or you can directly ask the buyer to pay off the debt in advance, either way.

At present, car loans are mostly in the form of retaining ownership. Before the consumer pays the full amount of the car, the ownership of the car is mortgaged, not owned by the user. Therefore, consumers are often deceived by car dealers who lack integrity.

Processing flow:

First of all, the borrower needs to prepare proof materials such as ID card, residence permit, work permit and loan use certificate, and fill out an application form and a contract in the bank.

Then, wait for the bank's pre-loan qualification approval. If the borrower meets the loan conditions stipulated by the bank, the bank will inform the borrower to fill out some loan forms. If the borrower needs to apply for loan mortgage or guarantee, it also needs to sign a guarantee contract, mortgage contract and mortgage registration procedures; If the loan is unsecured, there is no need to sign such a contract.

Secondly, banks issue loans to borrowers. Generally, banks will lend money within 2-3 weeks or 1 month after the approval is completed, and the loan can be released within one day at the earliest.

Finally, the borrower pays the deposit at the dealership, and goes through the formalities of car pick-up with the passbook and the car pick-up slip issued by the bank.

In the process of applying for personal car loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license, etc.

Can the car be sold during the loan period?

You can't. You can't sell the car until you pay off the loan. Because the car at this time has been mortgaged to the lending institution and the car is not registered, the loan applicant does not own the property right of the car. Therefore, only after the applicant has paid off the loan, can the normal vehicle sales be carried out by going to the lending institution for cancellation of the mortgage of the automobile loan.

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car.

The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank.

There are three types of car loans: direct, indirect and credit card. The term of car loan is generally 1-3 years, and the longest is no more than 5 years.

Potential borrower

The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.

deadline

Term of automobile loan

The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.

Letter of credit clause

1. Have valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

The process of canceling mortgage is as follows:

1. After the loan is paid off, go to the bank to get back the vehicle registration certificate, organization code certificate (official seal) and power of attorney provided by the bank. The content of the power of attorney is to entrust the owner to handle the mortgage cancellation business with the registration certificate (official seal).

2. The owner needs to handle the mortgage cancellation business with the above three materials. After handling, the registration certificate will indicate in the registration column that' the mortgage is cancelled, the registered bank no longer owns the vehicle, and the vehicle is officially owned by the owner.

The materials required for mortgage cancellation are as follows:

In addition to vehicle registration, loan repayment instructions, bank organization code certificate and power of attorney (power of attorney for entrusting customers to handle mortgage cancellation business by themselves), they should also bring: driving license, driver's license, car purchase invoice, vehicle annual inspection certificate, insurance certificate and owner's ID card.

Vehicle transfer process

1. tax payment: for vehicle transfer, the second-hand car transaction tax must be paid first, and charged according to the standard of 1%. For private households, Gong Hu is 4%.

2. Vehicle appearance inspection: drive the vehicle to the vehicle inspection office, and the vehicle will be visually inspected, numbered, disassembled and photographed by professionals, and the inspection results will be filled in the inspection records. After everything is completed, the owner and the buyer go to the transfer hall for filing.

3. Number selection: After the license plate number is selected, the number is selected by the number selection machine and the fee is paid.

4. Relocation: Both parties shall prepare the required materials, including motor vehicle registration, transfer, cancellation registration form/transfer application form, inspection record form, original motor vehicle property registration certificate, original driving license, original owner's ID card, original license plate number, vehicle photo, and transaction market transfer invoice.

5. License registration: After the car buyer completes the transfer formalities, he can go to the local vehicle management office to register the vehicle.

Can the car still be sold during the loan period?

The car can't be bought or sold because the loan has not been paid off. The car bought by loan has no vehicle registration certificate, and the vehicle transfer must have a vehicle registration certificate. You must change the loan before you can sell it.

1, loan to buy a car Whether looking for a bank loan or a small loan company, the car is mortgaged to the lending institution, and the loan applicant has no car property rights. Therefore, it is impossible for the owner to handle the transfer before paying off the car loan, and it is impossible to sell his car.

2. The borrower must cancel the mortgage registration to sell the car normally. The borrower can pay off the loan owed first, and then go through the formalities of canceling the car mortgage, so that he can transfer the ownership and sell the car.

3. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers.

4. The interest rate of automobile consumption loan refers to the ratio between the loan amount and the principal paid by the bank to consumers, that is, borrowers, for purchasing self-use cars (non-profit family cars or commercial cars with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.

1. Original application form for motor vehicle registration, transfer, cancellation of registration/transfer;

2. The original and photocopy of the identity certificate of the current motor vehicle owner;

3. The original or original and photocopy of the certificate and voucher of motor vehicle ownership transfer. Among them, the second-hand car sales invoice, assistance notice and transfer certificate issued by state organs, enterprises, institutions and social organizations are original;

4. Original certificate of deregistration of vehicles under customs supervision in People's Republic of China (PRC) or certificate of transfer approved by customs (motor vehicles under customs supervision);

5. Original driver's license;

6, the original motor vehicle inspection record (affixed with motor vehicle standard photos and frame number rubbing).

7. Original motor vehicle registration certificate;

8. Motor vehicle 1 standard photo;

9. Power of attorney and identity certificate of the agent (motor vehicle registration and related business applied by the agent).

Can I sell the car I bought during the loan period?

The car you bought during the loan period cannot be sold, and you must pay off the loan before you can sell it. Outstanding loan: 1. The right to use the vehicle belongs to the buyer; 2. The vehicle title certificate is pledged in the bank; 3. The vehicle property right belongs to the bank before the loan is paid off. The loan has been paid off: 1. The ownership and use right of the vehicle belongs to the buyer; 2. it can be done. More car loan information is as follows: 1. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. 2. The interest rate of automobile consumption loan refers to the ratio between the loan amount and the principal paid by the bank to consumers, that is, borrowers, for purchasing self-use cars (non-profit family cars or commercial cars with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers. 3. Generally, the loan period for automobile consumption is 1-3 years, and the longest is no more than 5 years. The loan period of second-hand car loan shall not exceed 3 years, and the loan period of dealer car loan shall not exceed 1 year.

Can I sell a loan car?

You can't sell cars during the loan period. For vehicles with outstanding car loans, the word "mortgage" will appear on the car property registration certificate. Only after the mortgage is lifted can the vehicle be bought and sold and the transfer can be handled. After all, for car buyers, it is necessary to obtain the ownership of the car. The seller can't provide the ownership of the vehicle, and the buyer will definitely not agree to continue buying.

Therefore, users should cancel the mortgage of the vehicle after the car loan is paid off, and then sell the vehicle to others, so that this will not happen.

What does a car loan include?

Original ID card, residence booklet or other valid proof of residence, and provide a copy;

Proof of occupation and economic income;

The car purchase agreement, contract or letter of intent signed with the dealer;

Other documents required by the Cooperation Organization.

Which is the most cost-effective way to buy a car with a loan?

Credit card loan car purchase

The advantages of buying a car with a credit card loan are fast, simple and low threshold. Credit card loan procedures are relatively simple, and the audit is much lower than that of banks. Many credit card products have an interest-free period, so car buyers will repay their monthly bills in full and on time, so there is no need to pay interest. However, it should be reminded at this time that the interest-free period and the handling fee are two different charges. When handling the installment, although the bank does not charge interest, it will charge a certain fee. The handling fee varies according to the number of bills, and the interest rates and collection methods of banks are also different.

Bank loan to buy a car

The minimum down payment of bank loans can be reduced to 20%, so it is called the choice of prospective car owners who buy cars with loans. In addition, banks can apply for large loans with low interest rates and long repayment period. The most important point is that banks can handle car loans without the restrictions of car models and car dealers, which greatly increases the choice of car buyers. There are many benefits, but it is not so easy to approve. Not to mention preparing a lot of materials, the most terrible thing is that after you spend most of your time going through the process, the bank tells you, "I'm sorry, you don't meet the requirements."

Auto financing company loans to buy a car.

Not all auto brands have their own auto financing companies. There are no more than fifteen auto financing companies in China. For example, Dongfeng Nissan. The biggest advantage of auto financing companies is that they don't need to provide any guarantee from car buyers, as long as they have a fixed occupation and residence, stable income and repayment ability, and good personal credit. The loan amount is basically the same as that of the bank, and the procedures are relatively simple and the approval speed is fast. At the same time, individual auto financing companies have also introduced flexible repayment, and can choose the loan method that suits them according to their own financial situation.

Can I sell my car during the loan period? Let's stop here.