1, select the product that needs car loan;

2. Apply for universal car loan packages and services on the spot according to your own situation;

3, the staff of the loan review and approval;

4. The store signed a contract to pick up the car;

Second, the application requirements

The second-hand car loan business provided by banks has higher requirements for borrowers. Generally, borrowers are required to have a proper occupation, stable income, the ability to repay on time and good personal credit. If you can prove that you own a local property, the borrower's loan application will be more secure. Take Beijing as an example. Applicants must have Beijing hukou, ID card and permanent residence. /kloc-citizens aged 0/8 to 60; Need to have a stable job and a stable income.

The materials to be prepared for applying for a loan include: the identity card of the car buyer; Household registration book; Housing certificate; Proof of income: the monthly income must be twice the monthly repayment amount; Two recent one-inch photos. If the buyer is married, marriage certificate and spouse certificate are required.

Third, the program flow

1. Car buyers go to the bank outlets for consultation, and the outlets recommend the special dealers who have signed the Cooperation Agreement on Used Car Consumption Loan with the bank.

2. Go to the dealer to select the second-hand car to be purchased, and sign a car purchase agreement with the dealer to clarify the model, quantity and color.

3. Apply for a loan at a bank outlet. The necessary materials for applying for a loan at a bank outlet include: personal loan application, valid identity documents, proof of occupation and income, basic family information, car purchase agreement, supporting documents required for guarantee, and other conditions stipulated by the lender.

4. The bank will review the user's credit, notify the car buyer within 15 working days after the loan application is accepted, and sign a loan contract for second-hand car consumption with the borrower who meets the loan conditions. The maximum loan amount for second-hand car consumption does not exceed 60%~80% of the car purchase price (different banks), and the longest loan period does not exceed three to five years (different banks, taking Beijing as an example, must make a down payment of 50% for second-hand car loans, and the longest loan period is three years).

5. Sign loan and guarantee contracts. If the applicant meets the loan conditions, the bank will sign a loan contract and related guarantee contract with him. Guarantee methods and corresponding procedures:

(1). If the user provides a third-party joint and several liability guarantee (except banks and insurance companies), the guarantor signs a guarantee contract with the bank, and the insurance company can also provide a joint and several liability performance guarantee or the bank can provide a letter of guarantee.

(2) The user should sign a mortgage or pledge contract with the bank to guarantee by mortgage or pledge. If the house is mortgaged, it must be appraised and confirmed by the designated appraisal agency, and the bank and mortgagor shall go through the mortgage registration at the county real estate registration office where the house is located, and the contract will take effect after obtaining the property right certificate. If it is a pledge guarantee, the pledge contract will take effect after the title certificate is handed over to the bank.

(3) After the above procedures are completed, the bank shall issue a loan notice to the special dealer in time.

(4) If the purchased second-hand car is used as collateral, the bank shall issue a loan notice to the special dealer in time. After the purchased second-hand car is licensed, the bank shall go to the vehicle management office for mortgage registration.

6. The bank issues loans, and the user handles vehicle insurance and picks up the car. After receiving the loan notice 15 days, the special dealer will hand over the customer's car purchase invoice, payment document and driving license (copy) to the bank. After the customer goes through the formalities of property insurance, the bank issues loans. The types of insurance include: vehicle loss insurance, third party liability insurance, burglary insurance and spontaneous combustion insurance. All kinds of insurance period shall not be shorter than the loan period.

Fourth, scheme selection

bank

Banks also have two modes: automobile consumption loan and credit card installment repayment. Automobile consumption loan is the earliest financing method for car purchase. However, due to the complicated procedures, long cycle and high threshold, it needs personal assets and mortgage, and its status has gradually been replaced by the credit card installment payment model. The biggest advantage of the credit card car purchase model is that it does not need to pay interest, but most banks will charge a certain percentage of handling fees. In addition, this model requires a higher credit line for customers and requires consumers to pay a higher down payment ratio first.

Auto finance

Auto financing companies are mostly established by auto manufacturers and banks, which have the advantages of low threshold, convenience and speed. This kind of company has no rigid requirements for consumers' accounts and assets, and it can be completed in a few working days as long as it provides some corresponding credit references such as income certificates. Moreover, the down payment ratio is as low as 20%, and qi zhou is the beneficiary of this scheme. However, most of these enterprises are limited to a single automobile brand.

Financial leasing

The financial leasing mode, commonly known as "purchasing by lease" or "delivering property rights by long-term lease", is a transaction in which the lessee puts forward specific vehicle requirements to the lessor with financial leasing qualification, and the lessor buys the designated vehicle for the lessee, rents it to the lessee, and the lessee occupies and uses it during the lease period and pays rent to the lessor. After the lease expires, the lessee can obtain the property right of the vehicle.

Verb (abbreviation of verb) loan guarantee letter

(1) The third party guarantees the whole process and mortgages the purchased vehicle.

1. The legal person guarantees the whole process and mortgages the purchased vehicles, including automobile dealers, professional guarantee companies, automobile manufacturers and other partners who cooperate with banks;

2. The natural person will guarantee the whole process and mortgage the purchased vehicle. Both the borrower and the guarantor must meet our access standards for unsecured customers.

(2) The insurance company provides full performance guarantee insurance.

(3) Professional guarantee companies provide full guarantee.

(4) Installment guarantee plus mortgage of purchased vehicles. The staged guarantee can be provided by automobile dealers, professional guarantee companies, automobile production enterprises and other partners, and can also be secured by mortgage, pledge or natural person.

(5) Only mortgage the purchased vehicles. When the borrower issues a loan after completing the vehicle mortgage registration formalities, it can only mortgage the purchased vehicle.

(6) Real estate mortgage. Collateral is limited to housing, commercial housing and commercial housing.

(7) pledge. Pledged goods are limited to certificates of deposit with cash value, certificate-based government bonds, savings bonds and life insurance policies.

Repayment method of intransitive verbs

Matching principal and interest repayment [1]

When calculating, the interest generated by the monthly loan balance is calculated first, and the repayment principal of the current month is formed after deducting the interest payable from the equal repayment amount. At the initial stage of repayment, due to the large loan balance, interest accounts for a large proportion in monthly repayment, and the repayment speed of principal is relatively slow. With the passage of time, the loan balance gradually decreased, the proportion of interest gradually decreased, and the proportion of principal gradually increased. This repayment method is more suitable for people with fixed year-end bonus or fixed annual income.

matching principal repayments

The average capital of car loan refers to the repayment method selected by the borrower in the average capital after the car loan. During the repayment period, the total loan amount is divided into equal parts, and the same amount of principal and interest generated by the remaining loan in the month are repaid every month. Because the monthly repayment amount is fixed and the interest is getting less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is getting less and less. Calculation formula of average capital loan: monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.

Wisdom repayment

This repayment method is a new way of automobile repayment, that is, the loan is divided into two parts, which are repaid in the first and last installment respectively. There are three different repayment schemes to choose from after the expiration of the wisdom balance payment: scheme 1: return the balance payment in one lump sum when it expires; Option 2: Refinancing the balance and applying for loan extension 12 months; Option 3: Return the balance through vehicle replacement.