How to charge second-hand car mortgage fees and how to calculate them

1. For ordinary people, the notarized appraisal fee is about 2,000, the renewal deposit is 3% of the loan amount, and the door-to-door fee is about 500. , one thousand guarantee fee.

2. If your credit report is not very good, you will also need to install a GPS, which costs about 1,000.

3. The calculation formula for second-hand car loan interest is: monthly payment × loan term - loan amount = total interest.

4. Currently, the three-year loan for a new car has a minimum down payment of 30%, and the total interest is 12% to 15% of the total loan amount.

5. For a three-year second-hand car loan, the minimum down payment is 50%, and the total interest is more than 20% of the total loan amount.

Extended information

The second-hand car mortgage loan process can be divided into the following steps:

1. Car buyers go to bank business outlets for consultation

Car buyers go to bank business outlets for consultation, and the outlets recommend to users special dealers who have signed a "Second-hand Car Consumer Loan Cooperation Agreement" with the bank.

2． Go to the dealer to select the second-hand car you want to buy, and sign a car purchase agreement with the dealer

Go to the dealer to select the second-hand car you want to buy, sign the car purchase agreement, and specify the model, quantity, color, etc.

3． Go to a bank outlet to apply for a loan

The necessary documents to apply for a loan at a bank outlet include: personal loan application, valid ID, proof of occupation and income, basic family situation, car purchase agreement, and proof required for guarantee documents, and other conditions stipulated by the lender.

4． The bank reviews the user's credit standing

The bank will notify the car purchase borrower within fifteen working days after the loan application is accepted, and sign a "Second-hand Car Consumption Loan Contract" with the borrower who meets the loan conditions. The maximum second-hand car consumer loan amount shall not exceed 60% to 80% of the car purchase price (different among different lending banks), and the maximum loan period shall not exceed three to five years (different among different lending banks). If the user does not meet the loan conditions, the bank will return the application materials to the applicant.

5. Sign a loan and guarantee contract

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

(1) If the user provides a third-party joint liability guarantee method (except banks and insurance companies), the guarantor and the bank shall sign a guarantee contract, or the insurance company may provide a joint liability performance guarantee Or a letter of guarantee is provided by the bank.

(2) The user guarantees by mortgage or pledge and should sign a mortgage or pledge contract with the bank. If a house is used as a mortgage, it must be evaluated and confirmed by a designated appraisal agency. The bank, together with the mortgagor, will go to the district or county real estate registration office where the house is located to handle the mortgage registration. The contract will take effect after the warrant is obtained. If the guarantee is in the form of pledge, the contract will take effect after the pledge contract is handed over to the bank with the certificate of rights.

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

(4) If the purchased second-hand car is used as a mortgage, the bank shall issue a loan notice to the special dealer, and after the purchased second-hand car is registered, the bank shall go to the vehicle management office to handle the mortgage registration.

6. The bank issues the loan and the user handles vehicle insurance and picks up the car

The authorized dealer will hand over the customer's car purchase invoice, payment receipt and driving license (copy) to the bank within 15 days after receiving the loan notice. Banks issue loans after customers complete property insurance procedures. Insurance types include: vehicle loss insurance, third party liability insurance, theft insurance and spontaneous combustion insurance, etc. The term of any type of insurance shall not be shorter than the term of the loan.

7. Customers repay on time

Customers repay principal and interest in equal installments monthly or quarterly.