New car loan

With the improvement of quality of life, more and more families choose to buy cars. Do you know how to choose a car? How much is the loan appropriate?

Give priority to the full purchase with more down payment and less mortgage. Choose a manufacturer or 4S shop to finance interest-free loans. Regular bank car consumption by stages (generally 3% per year). In order to buy a new car, you must take out a mortgage within your affordability. The higher the down payment, the better. Try to buy the full amount. After all, the car is depreciating. If the mortgage pressure is high, it will cause economic pressure later. It is not recommended to go to "0 down payment to buy a car" or borrow money from other institutions to buy a car.

Full mortgage loan

What should I do if I buy a car in full and now I need cash flow badly?

In the case of other bad financing conditions.

You can consider a vehicle mortgage loan, and you don't need to install GPS or check the car.

The minimum monthly interest rate is 3-5%, which can be used by vehicles all over the country. 10 layer bare car can put the maximum amount.

Automobile mortgage, a regular bank, pays a monthly interest rate of 3%, and for automobile mortgage consumer loans with high credit requirements, it pays a monthly interest rate of 5%. For automobiles and credit requirements, the institutional mortgage amount is high, with a monthly interest rate of 8%, regardless of liabilities and inquiries. For friends who are considering making a car mortgage, I personally suggest that you must find a formal financial institution to handle it. First make a good financing plan, choose good financial products, and then operate them, so that financing can change their lives and create professional value.

What are the risks of car mortgage without parking? How to avoid it?

As we all know, automobile mortgage is divided into parking and non-parking Either way, there will be certain risks. So, what are the risks of not stopping the car mortgage? How to avoid it?

What are the risks in automobile mortgage?

First of all, in the value evaluation, the depreciation rate will be much higher than the mortgage loan, and the car price will be much lower than the house price.

Secondly, the loan period, car mortgage can not handle long-term loans. Because the value of the car is not so fixed relative to the real estate, under normal circumstances, if the car is used as a mortgage loan, the term will not exceed 1 year, which is a short-term loan.

Finally, in the process of handling car mortgage, there will be certain expenses, such as evaluation fees and other expenses. In fact, the cost in automobile mortgage is not low.

Risk avoidance measures in automobile mortgage;

1, borrower. The first is credit risk. Car buyers are a mixed bag, which may be mixed with some people with moral hazard. Due to the subjective deadbeat psychology or when the car price falls below the loan amount that the car buyer needs to repay, the car buyer may make a rational breach of contract, which may put the loan at risk. The second is the ability to pay risks. Self-use car borrowers can't repay on time due to the decrease of family income, commercial vehicle borrowers can't repay on time due to the risk of the whole transportation market and industry policies, and the expected income is reduced or even completely lost, or borrowers can't settle the other party's freight in time due to poor management.

2. dealers. The first is the risk of automobile quality. Because dealers don't buy cars through proper channels and sell vehicles with quality problems to borrowers, quality disputes affect the recovery of loans. The second is the approval risk of the maximum loan guarantee amount. Most of the automobile mortgage issued by rural credit cooperatives are guaranteed by dealers. Because the maximum loan guarantee limit is too large, which exceeds the guarantee ability of dealers, it causes invisible risks to credit funds.

3. Insurance companies. First, insurance companies use borrowers' vague understanding of insurance clauses and omissions in the loan operation of credit cooperatives to find opportunities to exempt or reduce insurance liabilities when insurance liabilities occur; Second, some insurance company salesmen take unfair competition means, violate the insurance clauses and shorten the insurance period privately, which leads to the invalidation of insurance and exemption from liability.

4. Operation of lending institutions. First, the pre-loan survey is not true. Due to the shortage of credit personnel, the pre-loan investigation is a mere formality, and the income certificate and asset certificate provided by the borrower are seriously distorted, which has buried hidden risks. Second, post-loan management is not in place, or there is no post-loan management at all. Whether the borrower really used the loan for purchase after the loan was issued did not confirm the engine number and frame number of the purchased vehicle in time.

How does automobile mortgage control risks?

Any loan has certain risks, so does car mortgage. To apply for automobile mortgage, the borrower should pay attention to risk prevention and control; At the same time, in the process of using money, we should also pay attention to controlling risks. How to control risks specifically? Here is an analysis for everyone.

First of all, borrowers try to choose formal lending institutions when choosing institutions. For example, banks, micro-loan work in industrial and commercial registration. Only on this basis can we truly protect our legitimate rights and interests, and once disputes arise, the law can solve them.

Because automobile mortgage often produces higher expenses, if you choose a vehicle mortgage loan with a long cycle, you can try to repay it in advance if there is prepayment.

After the borrower applies for loan funds, it must be earmarked for special purposes, which can not only ensure the safety of its own funds, but also be responsible to the lending institution. How can banks find that the loan is not used for real purposes in the follow-up supervision and recover the loan in full?

When the borrower handles the car mortgage business, he must make a good plan for the fund arrangement, otherwise it will exceed the budget and bring unnecessary repayment pressure to himself. If the actual funds are far less than the loan funds, it is also unreasonable, because the extra idle funds will pay certain interest.

In the process of car mortgage application, if the actual cost is more than the original plan. At this time, we should actively adjust the consumption plan and control the budget within the loan amount. This will ensure that the subsequent repayment will not be too stressful.

How to use the loan funds correctly and reasonably after automobile mortgage's successful application? Generally speaking, the funds are earmarked for special purposes and do not overspend. So I won't put too much financial pressure on myself.