1. How to buy a second-hand car with a loan

How to get a loan if you want to buy a second-hand car?

You can also get a loan to buy a second-hand car, but you need to meet the requirements Only under certain conditions. For example, the most basic requirements include a stable financial source, a suitable age, a stable residence, etc. If these conditions are met, you can apply for a loan to purchase a second-hand car.

1. The lender has stable financial resources and a good credit record.

For borrowers who want to apply for a second-hand car mortgage loan, first of all, the applicant must have a stable income and good repayment ability. Applicants must have good credit and no bad records on their personal credit records.

2. The borrower is of appropriate age and has a stable residence.

Applicants for a loan must be between 18 and 65 years old. Those who are too young or too old cannot apply for a loan. Finally, applicants for a loan must have a fixed residence where the lending institution’s branch is located.

3. Appropriate age requirements of the vehicle

Second-hand cars should not be too old. Since the car is inherently worn out, the newer the car, the better the possibility of obtaining a loan. The bigger. Banks also stipulate that the loan period for second-hand cars is generally 15 years.

4. The vehicle valuation for second-hand vehicle mortgage loans meets the standards

The requirements for car loans are that second-hand cars are not like new cars. New cars are more likely to be loanable, but second-hand cars are not. Under normal circumstances, financial institutions stipulate that only used cars with a car price between 70,000 and 500,000 yuan can apply for a loan. If the car price is too high or too low, it is difficult to apply for a loan.

Extended information:

Bundled cooperation with the second-hand car market has greatly reduced the risk of non-performing loans. Guarantee companies are stationed in the market and have fixed business premises. For vehicle evaluation and transaction review, they are carried out by professional companies in the market. Especially for problems related to the quality status and procedures of second-hand cars, Zhonggu Evaluation Company is designated as the only partner to eliminate them from the source. The damage caused by "false assessment" has been eliminated, the accuracy of assessment has been greatly improved, and it is also very effective for banks' risk control.

The loan period is up to three years, which controls the occurrence of non-performing loans to a certain extent. Since the total price of the vehicle is relatively cheap compared to housing prices, users are not under great pressure to repay, and the interest rates on the loans are also relatively low. In addition, both companies stated that they have an effective system for the control and management of non-performing loans, but the approval time is 5-7 working days, which may affect the rapid development of the business

2. I want to get a loan to buy a second-hand car

Yes, my bank offers a super low interest rate of 4.8%.

3. I have nothing and I want to get a loan to buy a second-hand car. Can I buy it< /p>

There is nothing that cannot be handled. At the very least, you have the down payment and repayment ability.

Conditions:

1. Have valid identity certificate and full civil capacity;

2. Be able to provide proof of fixed and detailed address;

3. Have a stable career and the ability to repay the principal and interest of the loan on time;

4. Have good personal social credit;

5. Hold a car purchase contract or agreement recognized by the lender ;

6. Other conditions stipulated by the cooperative agency.