1. Cancel the mortgage: when handling the car loan, mortgage the car registration certificate of the car in the bank. After paying off the loan, the mortgage business can be cancelled and the car can be owned by the owner. The car mainly prepares the original ID card, loan contract, repayment bank card and motor vehicle registration certificate. Then bring relevant materials to the vehicle management office for mortgage cancellation registration. After successful handling, you can get back the automobile property certificate.
2. Change the beneficiary of auto insurance: When handling auto insurance, the beneficiary is generally a lending institution. Therefore, after the car loan is paid off, the beneficiary of the car insurance needs to be changed to the owner himself.
1. What are the conditions for buying a car with a loan?
1, with valid identification and full capacity for civil conduct;
2. Can provide a fixed and detailed address certificate;
3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;
4. Personal social credit is good;
5. Holding a car purchase contract or agreement approved by the lender;
6. Other conditions stipulated by the Cooperation Organization.
Second, what is the process of buying a car with a loan?
1. Lead customers to choose cars at the bank's special dealers and sign car purchase agreements or contracts;
2. The borrower applies to the loan bank for personal automobile mortgage;
3. Sign the contract with the consent of the investigation;
4. Go through the formalities of notarization and mortgage of automobiles;
5. Lenders (banks) handle loans;
6. After the loan is paid off, the lender (bank) cancels the pledge certificate and returns it to the customer.
3. What does the loan for buying a car include?
1, the original ID card, residence booklet or other valid proof of residence, and provide its copy;
2. Proof of occupation and economic income;
3 car purchase agreement, contract or letter of intent signed with the dealer;
4. Other documents required by the Cooperation Organization.
4. What is the most cost-effective way to buy a car with a loan?
1, credit card loan to buy a car
The advantages of buying a car with a credit card loan are fast, simple and low threshold. Credit card loan procedures are relatively simple, and the audit is much lower than that of banks. Many credit card products have an interest-free period, so car buyers will repay their monthly bills in full and on time, so there is no need to pay interest. However, it should be reminded at this time that the interest-free period and the handling fee are two different charges. When handling the installment, although the bank does not charge interest, it will charge a certain fee. The handling fee varies according to the number of bills, and the interest rates and collection methods of banks are also different.
2. Bank loans to buy a car
The minimum down payment of bank loans can be reduced to 20%, so it is called the choice of prospective car owners who buy cars with loans. In addition, banks can apply for large loans with low interest rates and long repayment period. The most important point is that banks can handle car loans without the restrictions of car models and car dealers, which greatly increases the choice of car buyers. There are many benefits, but it is not so easy to approve. Not to mention the need to prepare a lot of materials, and the most terrible thing is that after you spend most of your time going through the process, the bank tells you, "I'm sorry, you don't meet the requirements."