Car loans are handled as follows:

1. The applicant chooses a car in the 4S shop, negotiates the price with the dealer, pays the down payment, and then signs a car purchase contract;

2. Go to the loan bank with the car purchase contract, ID card and real estate license, fill in the loan application form and submit the materials;

3. The bank accepts the loan application and reviews and evaluates the application;

4. Sign a loan contract with the applicant after examination and approval;

5. The applicant shall cooperate with the loan bank to complete the follow-up procedures, including mortgage registration and notarization;

6. The loan bank transfers the money to the account of the car dealer, and the applicant picks up the car in the 4S store.

Extended reading

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 provide RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal of a self-use car (non-profit family car or commercial car with 7 seats or less) purchased by the bank to the consumer, that is, the borrower. The higher the interest rate, the greater the repayment amount of consumers.

The conditions required for a car loan are:

1. Have valid identity documents and full capacity for civil conduct;

2. Can provide proof of fixed and detailed address;

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.

Automobile loan process:

1. Lead the customer to the bank's special dealer to choose a car 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. The lender handles the loan;

6. After the loan is paid off, the lender cancels the pledge certificate and returns it to the customer.

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

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.

What is the most cost-effective loan to buy a car?

It is more economical for customers who borrow money to buy a car to choose credit card installment payment than bank car loans and auto financing companies. Credit card installment payment is free of guarantee and interest, and only charges a handling fee. At the same time, when buying a new car by installment, there is no mandatory requirement for buying insurance and renewing insurance. Generally, you only need to buy major insurance and burglary.

1, automobile consumption has also entered the ranks of advanced consumption, and loan to buy a car has become a way for many young people to buy a car. For auto companies, auto finance can not only boost sales, but also benefit auto finance companies. More and more auto shops are willing to provide loans for consumers to buy cars. It is understood that the auto loan policy is: the minimum down payment for a car loan is 20%, and the loan period is 1-5 years.

2. The down payment for a loan to buy a car starts from 20% of the sales price of the vehicle, and the down payment will be different for different vehicles and different years. Ordinary customers can apply for installment payment according to a three-year fixed loan. All scientific and technical personnel, civil servants, teachers, doctors, legal representatives of enterprises, managers of large enterprises and staff of financial system can apply for loans with a term of 1-5 years, depending on their selected models.

3. Most sellers have launched a one-stop service for credit consumption according to the different needs of consumers, which makes the cumbersome loan car purchase procedures simple and fast. From car selection, charging, handling bank card, insurance, bank signature to handling parking space certificate, mobile license plate, car inspection and license plate registration, all professional salesmen need to submit the required information.

4. If you want to repay the car with a loan term of more than one year in advance, you generally need to make an appointment with the original lending institution about half a month in advance. Different lending institutions have different requirements.

At the same time, before prepayment, you need to prepare all relevant materials, including personal identity card, loan contract, prepayment agreement, previous repayment bill, repayment application form, etc. After the appointment is successful and the formalities are fully prepared, the repayment can be made at the appointed place according to the appointed time.

Extended data

Conditions for loan to buy a car:

1, with valid identification and full capacity for civil conduct.

2. Can provide fixed and detailed proof of address.

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.

Car loan application materials: original ID card, household registration book or other valid residence certificate, and provide its copy; Proof of occupation and economic income; The car purchase agreement, contract or letter of intent signed with the dealer; Other information required by banks or lending institutions.

Which bank has a good car loan? Let's compare it.

Nowadays, most people buy cars by way of loans, so which bank has better car loans? It is understood that at present, all major banks have related car loan business, but the loan period and interest of different banks may be different.

auto loan

1, China Everbright Bank

The car loan of China Everbright Bank can provide you with a loan of up to 6.5438+0 million yuan, with a maximum term of 5 years. It is understood that the down payment ratio of fuel vehicles is 30%, and that of new energy vehicles is 20%. In addition, the borrower is under 65 years old when the loan expires.

2. China CITIC Bank

The longest loan period of CITIC Bank's new car consumption loan is 5 years, and the minimum down payment is 20%. In addition, there are a large number of car brands with zero or ultra-low interest. After you apply for a loan through CITIC Bank official website, mobile banking, cooperative dealers and other channels, you will be approved within 2 working days.

3. Shanghai Pudong Development Bank

The automobile consumption loan of Shanghai Pudong Development Bank can provide loans for up to five years, with 20% down payment for domestic cars and joint venture cars and 30% down payment for imported cars. Shanghai Pudong Development Bank requires borrowers not to be over 60 years old on the loan maturity date.

4. China Merchants Bank

The personal car loan of China Merchants Bank can provide you with a loan of up to 2 million yuan, with a maximum term of 5 years and a minimum down payment of 20%. The loan can be completed the next day at the earliest. For friends who have better jobs, there is no need to pay the guarantee fee or the performance guarantee insurance fee.

5. Bank of China

The personal consumption car loan of China Bank divides customers into ordinary customers and high-quality customers. The down payment ratio of ordinary customers is 40%, and the longest loan period is 3 years. The down payment ratio of quality customers is 30%, and the loan period is up to 5 years.

What kind of car loan is the most reliable?

Now that more and more people have their own cars, it is no longer difficult to buy a car. Buying a car by loan is the first choice for young people to buy a car now, but how to choose the loan channel and which car loan is more reliable is a headache.

Today, let's compare the following four ways to buy a car with a loan to see which car loan is more reliable.

First, the bank loans to buy a car

4S shops of major automobiles generally have cooperative loan banks. When you need a loan to buy a car, you just need to hand over the materials needed for the loan to the 4S shop. The materials here include personal identification, bank accounts, professional certificates, etc. Generally speaking, different banks require different loan application materials, and then you can borrow money from banks through 4S stores.

1. Advantages

A. there are no restrictions on vehicle types. No matter what kind of car, you can usually buy a car through bank loan channels.

B. the interest rate is relatively low.

C. The repayment period can be flexibly selected, and some banks can even lend for five years.

2. Deficiencies

A. the loan time is relatively long.

B. The examination and approval is troublesome, and the requirements for loan conditions are also strict. Some banks may need real estate (housing) mortgage.

C. the down payment ratio is high. According to the application materials, generally only 70% of the loan can be applied.

Second, the auto financing company loans

Nowadays, automobile brands generally have their own financial companies, such as Toyota's financial company and Volkswagen's financial company. Just like a bank loan, you just need to give the materials needed for the loan to the 4S shop.

1. Advantages

A. There are often promotional loan activities with zero down payment and zero interest. However, such activities are generally limited and have no continuity.

B. There are relatively few intermediate links for loans, and the threshold is relatively low.

2. Deficiencies

Loans are only provided to brands or designated models.

Third, credit card loans to buy a car.

Car buyers only need to have a credit card and then apply for a loan directly from the bank. If there is no credit card, many 4S stores now offer credit cards to buy cars. If the applicant's credit status is good, it can be done in a week or so.

1. Advantages

Simple procedures and short approval time.

2. Deficiencies

A. The repayment period is relatively short, generally the longest is no more than 3 years.

B. the requirements for the applicant's past credit are relatively high.

C. Loans from other financial institutions

The above methods are the mainstream channels for car loans. Besides these, there are many other loan channels, usually smaller financial institutions. The main feature is that the loan threshold is very low and the approval is simple, but the handling fee and interest will be higher.

Is it cost-effective to borrow money to buy a car? You can choose three ways to borrow money to buy a car.

I've been thinking about what car to buy since I got my driver's license. Is it cost-effective to borrow money to buy a car? There are many ways to buy a car by loan, which is the most economical? Today, let's take a look at the three most common ways of car loan.

1. Loan through auto financing company: the application is simple, and the interest is slightly higher than that of silver.

Auto financing company is a non-bank financial institution approved by China Banking Regulatory Commission to provide financial services for auto buyers and dealers. This kind of financial institution is generally jointly established by major automobile brands. For example, SAIC-SAIC is a joint venture between GMAC- SAIC-GM and SAIC Finance. Many well-known brands, such as Honda, Toyota and Volkswagen, also have their own auto financing companies.

Auto financing companies do not have high requirements for buyers' personal conditions, and the audit is relatively easy to pass, so there is no need for guarantee or mortgage. Property buyers have a stable job and income, and only need to provide water/electricity/gas/telephone bills for a few months when applying.

Buyers of this kind of loan can entrust it directly to 4S stores, but the expected annualized interest rate of the loan is high, and the expected annualized interest rate of the loan is about 9- 1 1%. Even if the activity sometimes claims "0 expected annualized interest rate", its handling fee is high, which is more expensive than that of the bank. In addition, it is worth noting that the loans of auto financing companies are only valid for their auto brands, so it is ok to choose the right model and then choose auto financing companies.

2. Automobile brand cooperative bank loan: Only a few banks provide this service.

Some car brands in the market will directly cooperate with banks, and buyers can borrow money through cooperative banks. This kind of loan is convenient, but it needs mortgage, and the expected annualized interest rate is around 7- 10%. However, only a few banks have carried out this business, such as CITIC Bank and Shenzhen Development Bank. However, they cooperate with fewer brands and models.

3. Credit card loan purchase: Personal credit requirements are high, and the cost depends on the number of loan periods.

There are two main ways to buy a car by credit card. One is cash installment purchase. At this time, you only need to borrow money from the bank according to the expected annualized interest rate of the bank's cash installment. It is enough to open this function in cash installments, but the cash handling fee for application is high, and the amount of ordinary credit cards will not be too much, generally within 50 thousand. Second, you can pay by credit card loan. Buying a car by installment with a credit card loan has already occupied the main activity of the bank. The slogan "0 down payment, 0 interest and 0 handling fee" is not uncommon, but is this really the case?

This concludes the introduction of what kind of loan is suitable for buying a car and what kind of loan is suitable for buying a car. I wonder if you found the information you need from it?