If you have a car in your name and your credit is not good, whether you can get a loan depends on these two points:
1. Bad credit information can be divided into two types: credit information and overdue records. If there are only a lot of hard inquiry records on credit information, and the loan credit information is very expensive, it will be difficult to apply for a loan. If you can prove your repayment ability, you can still try to apply for a loan, but the loan amount may be less or the loan interest rate will be higher. If there are many overdue credit records, such as three consecutive overdue credit records in the past two years, it means that the borrower's repayment ability and willingness are extremely poor, and the loan application will often be directly rejected; However, there are few overdue records and short overdue time, which depends on the specific requirements of loan products.
2. If the car under the name of the loan applicant has obtained the title certificate, then you can consider using the car as collateral to apply for a mortgage loan; If there is no title certificate and the car loan is still paid, then the car can't be bought, sold or mortgaged. The applicant only has the right to use the car, but has no property right.
If it is not a serious overdue behavior, such as only one overdue record of less than 90 days in recent years, and it will be returned soon, then you can contact the bank first to see if you can issue a non-malicious overdue certificate; Secondly, in this case, the loan will not be refused, but it is possible to shorten the loan period and raise the loan interest rate. If the credit information is too expensive and you want to borrow money to buy a car, you can try the following methods:
1, looking for a guarantee company can improve the loan pass rate, but if you look for a guarantee company to help you apply for a car loan, there will be additional expenses and risks.
2. You can't apply for a loan again within half a year or one year, and you can't have bad records such as overdue. After the data returns to normal, it will be smoother to apply for a car loan.
3. Provide the lender with more sufficient property certificates, such as bank deposits and assets certificates of securities companies, to prove its repayment ability, so as to gain the trust of the lender and handle the car loan smoothly. 4. Buy a car in full. At present, the price of small displacement cars is not expensive. If the credit runs out, you can't get the loan. Try to buy a car in full and lower the grade of the car.