Automobile loan method:
1. Credit card installment loan. This kind of loan process is the simplest, and the lender can only lend with good qualifications, but the longest loan period is only 3 years.
2. Bank loans, which have strict approval and high interest rates.
3. Automobile consumption loan, which lasts for five years at the longest, but the approval is not very strict.
Requirements for auto loan:
1. Car loan applicant 18 years old or above, with full capacity for civil conduct.
2 has signed a car purchase contract and is able to pay the down payment for car purchase.
3. The car loan applicant has no bad credit information and a stable source of income.
4. Provide banks with bank-approved guarantees.
5. Comply with other provisions of local policies.
Steps of auto loan:
1. Submit the application form and the materials required for the review.
2. After the bank or car loan financial institution has passed the examination, it will sign a loan contract.
3. Lend money after the bank or car loan financial institution confirms it is correct.
4. The lender shall repay the loan every month as agreed.
5. After the car loan is settled within the specified time, bring valid documents, get back the settlement certificate and mortgage certificate, and settle it at the vehicle management office.
Precautions for buying a car by stages;
If you choose auto financing company loans, you should choose those formal institutions with financial licenses. If you go to some unknown companies, it is easy to meet swindlers or loan sharks.
Some 4S shops use the slogan of zero-interest car purchase, but it needs to be verified before handling, whether it is really interest-free, and whether various handling fees and service fees will be charged later. In the case of buying a car by stages, some 4S stores will ask to go to the corresponding insurance company to buy auto insurance. At this time, it is necessary to find out whether the insurance company is reliable.
Benefits of buying a car by installment:
1. Buy a car by stages to reduce the pressure of buying a car.
You only need to pay the down payment to buy a car by installment, and the rest can be paid by installment. Although installment payment will generate certain interest, it will greatly reduce the pressure on consumers to buy cars. Avoid the embarrassment of not getting big money at one time. In addition, this way of buying a car is consumers' favorite way.
2. Buying a car by stages can reasonably plan the funds.
Buying a car by stages For consumers, they can get a car by paying a part of the money. If a car with a total payment of 300,000 yuan only needs a down payment of 90,000 yuan, then 2 1 10,000 idle funds can be used for investment to make money, and perhaps 2 1 can earn more income. Avoid the risk of "eggs in one basket".