(1) You can choose your own insurance company to handle auto insurance, but the general guarantee company will not let you handle it yourself. You need to choose an insurance company and handle it through them.

(2) After the vehicle enters the venue, the car purchase invoice, motor vehicle registration certificate and insurance documents all belong to the bank, and the bank will only return them to you after you have completed the loan.

(3) The guarantee company shall repay the loan in accordance with the agreed repayment method every month after the formalities for buying a car are completed. However, some guarantee companies often encounter financing difficulties in the course of operation. Therefore, it is impossible to pay off the car loan on time.

The specific process is as follows:

1. The customer asks the guarantee company for information;

2. The customer applies for guarantee, fills in the guarantee application materials and signs the insurance undertaking. Then the insurance company collects the guarantee fee, and the two parties sign the guarantee mortgage contract;

3. The credit department of the guarantee company conducts a preliminary examination of the customers;

4. The risk control department of the guarantee company sends personnel to the door for review to verify the authenticity of the materials provided by the customers;

5. The guarantee company submits the customer's loan application materials to the bank; At present, the credit investigation of loan applicants is mainly through income certificates and home visits. The guarantee amount is generally 1% to 1.5% of the loan amount. Generally speaking, the higher the price, the higher the amount of protection.