How to buy a car with a credit card
Process of buying a car with a credit card
1. Purchase a car model: Go to a 4S store that can handle loan brands to buy a car model
2. Submit an application: After you are optimistic about the vehicle you intend to purchase, fill out the automobile consumer loan application form and credit status survey form, submit them to the lending bank together with relevant proof of your personal situation, and apply for a credit card loan at the relevant bank.
3. Waiting for review: The bank conducts pre-loan investigation and approval. If the bank meets the loan conditions, it will promptly notify the borrower to fill in various forms. (The review time of different banks ranges from 40 minutes to 3 days)
4. Sign the contract and handle business: Notify the borrower to sign the loan contract, guarantee contract, mortgage contract, and handle procedures such as mortgage registration and insurance , pay the down payment, handling fees, purchase vehicle insurance, and handle mortgage business.
5. Loan grant: The bank issues the loan (directly transferred from the bank to the car dealer's account).
6. Picking up the car: The borrower will hand over the down payment to the car dealer, and go through the procedures for picking up the car with the passbook and the car pick-up note issued by the bank.
Credit card loan for car purchase
1. What is credit card car purchase installment?
Credit card car purchase installment (credit card loan car purchase) means that the credit card holder applies to the card-issuing bank for part of the car payment, repays it monthly within the agreed period, and pays certain procedures in accordance with the card-issuing bank's regulations Credit card payment method.
This method requires a certain proportion of down payment, and the remaining balance can be repaid monthly; there is no need to pay interest, only handling fees, and the bank generally collects it in one go, and the installment period is the longest. It can last up to 3 years.
2. The difference between credit card installment car purchase and loan car purchase
Compared with other car purchase loans, the credit card installment car purchase threshold is lower, as long as the applicant has a good personal credit record and can provide bank approval With proof of work income or property, the loan can generally be completed within 7 working days. Moreover, there is no interest on credit card installment car purchases, only handling fees, which is cheaper than ordinary loans.
3. Materials required for credit card car purchase installments
Whether the application for credit card car purchase installments can be approved and how much loan can be obtained in the end are mainly based on the resident status, fixed income, and Decision will be made based on relevant supporting materials such as asset status, credit record, etc.
4. Credit card loan car purchase flow chart
1 First choose the car you like, and make sure the car you choose meets the application conditions of the credit card issuing bank;
2 The cardholder submits a credit card installment application to the bank over the phone, such as China Merchants Bank’s car installment business, and submits relevant information;
3 Bank staff will review the application submitted by the borrower;
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4 After approval, sign a loan agreement with the borrower;
5 The bank transfers the money to the car dealer's account;
6 The cardholder handles car mortgage registration, etc. Procedures;
7 The borrower will hand over the down payment to the car dealer, and go through the car pick-up procedures with the car pick-up note issued by the bank, and the cardholder will pick up the car for use.
5. The time required to apply for credit card car purchase installments
The individual credit card car purchase installment business can usually be completed within 3 to 7 working days, and the installment purchase of a car within the credit card limit, It can be done as quickly as possible or even on the spot.
What are the requirements for a credit card loan to buy a car? Understand the process of credit card loan to buy a car in one second
Buying a car is the pursuit of many young people, but the actual financial ability does not allow it, so credit card Taking out a loan to buy a car gives them hope. More and more people have credit cards. What are the requirements for a credit loan to buy a car, and what is the car purchase process?
Conditions for a credit card loan to buy a car
The threshold for a credit card loan to buy a car is lower than that of a bank loan, and the review is quick. Anyone with a stable income and good personal credit can easily apply.
Some people apply for a credit card specifically to buy a car. So, what are the conditions for a credit card loan to buy a car? Let’s take a look at it in detail:
1. The applicant must be 18-60 years old and have full civil rights. A natural person with legal capacity;
2. The applicant must be a Chinese national or an overseas person who meets the conditions for card application without guarantee, and meet the stability conditions required for card issuance;
3. Application The person must have a stable job or source of income, and the ability to repay the principal and interest of the loan on time;
4. No bad credit record, no cash-out or long-term credit, high use of revolving lines, and no excessive debt.
Credit Card Loan Car Buying Process
If you meet the above conditions for credit card loan to buy a car, you can start the car buying process after applying for a credit card.
1. After the cardholder selects the car he wants to buy, the dealer will confirm whether the car model is within the purchase range of the credit card loan;
2. The cardholder calls Submit a credit card installment application to the bank, including the installment amount and number of installments;
3. Bank staff will review the application submitted by the borrower;
4. If approved, the loan will be processed The person signs the loan agreement;
5. The bank transfers the money to the car dealer's account;
6. The cardholder handles the car mortgage registration and other procedures;
The above is an introduction to the conditions and process of buying a car with a credit card loan. If you have the need to buy a car and want to buy it with a credit card loan, then introduce the credit card application channel, where you can find what you want to apply for. For any credit card, banks generally have corresponding discounts for credit card loans to buy cars. Friends who want to enjoy the discounts must understand it clearly.
You must also know these characteristics of the credit card loan car buying process
Buying a car with a loan has become the first choice for most car buyers. Even if they have enough money to pay the full price, people still It is better to keep the cash in your own hands and use it for other investments. More people may be familiar with bank loans, but credit card loans actually have many advantages. Today we will learn about the process and characteristics of credit card loans to buy a car.
Credit Card Loan Car Purchase Flowchart
1. First choose the car of your choice, and make sure that the selected car meets the application conditions of the credit card issuing bank;
2. The cardholder submits a credit card installment application to the bank over the phone, such as China Merchants Bank’s car installment business, and submits relevant information;
3. Bank staff will review the application submitted by the borrower;
4. After passing the review, sign a loan agreement with the borrower;
5. The bank transfers the money to the car dealer's account;
6. The cardholder handles Car mortgage registration and other procedures;
7. The borrower will hand over the down payment to the car dealer, and go through the car pick-up procedures with the car pick-up note issued by the bank, and the cardholder will pick up the car for use.
Characteristics of credit card loan to buy a car
1. The application threshold for credit card loan to buy a car is relatively low, you only need to have a credit card;
2. Credit card loan to buy a car There is no interest on cars, but each bank will have corresponding handling fee standards;
3. In terms of credit limit, credit card loans to buy cars are relatively lower than bank loans;
4. There are restrictions on the selected car model, but banks generally have preferential policies for car purchases with credit cards;
The above is an introduction to the process and features of credit card loans for car purchases. If you have a car you want to buy, you might as well click on the credit card application. Check out which credit card offers installment car purchase discounts!
What is the process of purchasing a car with a credit card loan?
With the popularity of credit card loans, more and more people are choosing credit card loans to buy cars. So what are the ways to buy cars with credit cards? What information is needed for a credit card loan to buy a car?
1. How to buy a car with a credit card loan
There are two ways to buy a car with a credit card loan. One is to buy a car from a car dealer that cooperates with a bank; After signing a car purchase contract or agreement, the dealer will apply for a loan to the bank; the other is to directly apply for a loan at a bank outlet. After signing the loan contract with the bank, the dealer can choose a car dealer to buy the car of his choice.
2. Characteristics of using a credit card loan to buy a car:
1. The limit of using a credit card loan to buy a car is limited, and the maximum limit of a credit card loan is 200,000;
2 , Some banks have requirements for the card holding period of credit cards;
3. The models of cars purchased with credit card loans are limited;
4. No interest is charged, only handling fees
>3. Information for credit card loan to buy a car
1. Fill in the loan application form;
2. Valid identity document of the lender, proof of occupation and income, and basic family situation;
3. The certificates or documents required for the lender’s guarantee. When applying for a loan through a dealer, you must also provide a car purchase contract or agreement;
4. Other conditions required by the bank.
4. The process of buying a car with a credit card loan
1. After the cardholder selects the car to buy, the dealer will confirm whether the car model is within the scope of the credit card loan purchase;
2. The cardholder applies for credit card installment by telephone;
3. Bank staff will review the application submitted by the borrower;
4 , after approval, sign a loan agreement with the borrower;
5. The bank transfers the money to the car dealer's account;
6. The cardholder handles the car mortgage registration and other procedures;
7. The cardholder can pick up the car and use it.
That’s it for the introduction of how to get a credit card loan to buy a car.