Must the car loan and the owner be the same person?
It is not allowed by law that the lender and the owner are not the same person. The car loan contract and the owner must be the same person, that is, the main borrower must be the same person. Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also called auto mortgage.
The car loan and the owner are not the same person, which is prone to the risk of default in the repayment process and the mortgage of the car by others. In order to avoid risks, lending institutions will not approve such loans. If the payer fails to repay the loan on time, the bank or other financial institution will treat it as a breach of contract.
However, one person can get two car loans. If a person already has a car bought with a loan in his name and is in a repayment state, it is ok to still want to borrow money to buy a car.
Can a couple get a loan to buy a car if their credit information is not good?
If both husband and wife apply for loans at the same time, one of them has a bad credit rating, which will affect the loan approval, and even some lending institutions will refuse loans because of credit rating problems. If a couple with good credit apply for a loan in their own name, even if the other party's credit information is not very good, it will not be greatly affected, and they will generally be successfully approved to obtain a loan.
The above is "Must the car loan and the owner be the same person?" I hope it will help everyone!