If Pacific Auto Network borrows money to buy a car, the motor vehicle certificate registration certificate is also a so-called great green paper, which can't be taken out, because it may be mortgaged to a lending institution or bank, and if the loan is fully paid off, the lending institution or bank will return it to the owner.

Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit record and must meet the requirements of financial institutions before they can apply for a loan to buy a car.

Buying a car with interest-free loan is a preferential scheme of car loan proposed by dealers according to market demand, which reduces the pressure on consumers to buy a car to some extent. Interest-free car loan concessions are not available for all models, but there are certain restrictions.

According to informed sources, not all models can enjoy this policy when buying a car with interest-free loans. Only vehicles that meet certain conditions can apply for interest-free car loans. Generally speaking, there are two conditions for applying for an interest-free loan to buy a car:

1, vehicle type restriction. Usually, interest-free car loan is a preferential scheme proposed by dealers for specific models, which is not applicable to all models.

2. The monthly repayment amount is large. Some models require consumers to pay less than 5,000 yuan per month. Comparatively speaking, this repayment method is more stressful.

Since the interest-free loan is used to buy a car, the car belongs to the bank before the loan is paid off. Therefore, in order to reduce risks, banks generally require car owners to buy some auto insurance as a condition for loans in car loan contracts. The premium of these insurances may not fully meet the requirements of car owners, and may even be too high. Therefore, you must read the relevant insurance clauses carefully when applying for a car loan, and you can't ignore this fee. (Photo/Text/Photo: Pacific Auto Network Chen Miaoling)