1. Generally, you can buy a car in installments with zero down payment, and you can borrow for up to 5 years. According to the relevant regulations of the mortgage bank, the purchased vehicles are self-use vehicles, and the loan period is no longer than 5 years; The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years. The mortgage loan process is as follows: 1. Customer application, the customer applies to the bank, fills in the application form in writing and submits relevant materials at the same time; 2. After the contract is signed, the bank will review the application materials submitted by the borrower, and both parties will sign a loan contract and a guarantee contract, and handle relevant notarization and mortgage registration procedures as appropriate.

2. Although it was a zero down payment car purchase, many people regretted it, because after all the formalities were completed, the bank directly transferred the loan to the car dealer's account according to the contract and repaid it on time, and the borrower repaid the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract; 5. Once the loan is settled, it can be settled normally. However, the main reason is that the zero down payment car purchase was cheated into many routines and bundled for sale. For example, after attending the zero down payment activity, you must buy insurance in our store and bundle some interior packages and decorations. And finally charge a certain handling fee and service fee. So many people regret the loan.

"Zero down payment" literally means that customers borrow money to buy a car. You don't need a down payment, you can repay it every month. In fact, this is very attractive to many people, especially young people. The reporter learned that at present, the so-called zero down payment car purchase in the automobile market is mostly promoted by 4S shops shouting slogans. But in fact, auto financing institutions and small guarantee companies also participated in this action. The sales staff of Zhengzhou 4S store revealed that the zero down payment is paid by the company itself, and you can find a third party to buy taxes and insurance. "To put it bluntly, it is a kind of private lending, and then interest is paid."

It is understood that Article 22 of the Measures for the Administration of Automobile Loans jointly promulgated by the Central Bank and the China Banking Regulatory Commission stipulates that the amount of loans for personal use by lenders shall not exceed 80% of the price of automobiles purchased by borrowers, that is to say, "zero down payment" is not allowed and recognized by law and is illegal.

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