1. Zero down payment, low interest rate and caution.
These so-called zero down payment, low interest rate or even no interest promotion methods are just another way to get you to pay the bill. Auto loans should be handled by commercial banks or regular auto financing companies that comply with the Measures for the Administration of Auto Financing Companies.
2. Before you buy a car with a loan, you should negotiate a termination agreement.
In the agreement signed by the dealer, it is generally indicated whether the deposit will be refunded. When signing a contract, you must pay attention to the refund method, date and amount.
3. Calculate related insurance costs
In order to reduce risks, banks and auto financing companies generally require car owners to buy some auto insurance in car loan contracts as conditions for loans. Before signing the contract, you should calculate the cost in advance.
4. Confirm the repayment time and amount
The repayment time and minimum repayment amount need to be confirmed. Unsuccessful deduction may increase the cost of repayment, so be sure to confirm the repayment time.
5. Car loan mortgage
After the car loan is completed, you need to bring relevant certificates to apply for cancellation of mortgage registration at the vehicle management office. Note that vehicle release registration can only be released at the vehicle management office where the vehicle is registered, and cannot be released in different places.