Nowadays, cars have become popular. For friends who have cars, using cars as collateral can solve short-term problems. There is no denying that automobile mortgage has both advantages and disadvantages. Although working capital is available, you should know clearly before applying for a loan to see if it is suitable for applying for automobile mortgage.
One: Advantages of car mortgage (1) You can get money quickly when you need it urgently, saving the time and cost of selling a car. (2) It's ok to be a non-local hukou, as long as the owner is himself. (3) As long as your car is legal, you can apply for a loan. You don't need to pay any money in the early stage, and you don't need to pay liquidated damages when the funds are in place in the later stage. (4) In addition to car mortgage, you need to mortgage the car, and you can also apply for a mortgage loan that only mortgages the car. The lender can choose what kind of loan to apply for according to his own situation. (5) The next payment time in automobile mortgage is generally faster. As long as the requirements are met and the information is complete, the next payment can be made on the same day at the earliest, and the slow payment only takes 2-3 working days. Two: disadvantages of car mortgage (1) Compared with house mortgage, car mortgage is far less "valuable". From the moment you succeeded in buying a car, the car began to depreciate. (2) Because the value of cars has been fluctuating, the longest term in automobile mortgage is generally one year, which is a short-term loan. (3) Generally, there will be some extra expenses when handling car mortgage, such as car evaluation fee and GPS installation fee. Relatively speaking, the cost of car mortgage is not low. (4) Since the car begins to depreciate at the moment of successful purchase, ordinary banks will not apply for car mortgage, and lenders can only find loan companies. At the same time, if the car is older and just an ordinary car, the loan amount applied for is also lower.
Second, the advantages and disadvantages of automobile mortgage?
Now the new financial policy seems impossible. If you want a loan, you can only use your own house, and other mortgages are useless!
Third, why use the house as a mortgage loan? What are his advantages and advantages?
Compared with other loans, the interest rate of mortgage loans is lower.
Process of handling real estate mortgage loan: the borrower opens a current deposit account in the bank; Information required for preparing loans; Go to the designated institution of the bank to evaluate the real estate; The bank is in front; Bank filing and approval; Approve the next batch of loan letters; Go to the local construction Committee for mortgage registration, and the construction Committee will issue his right certificate; About the number of branches; Bank loans; Post-loan review of banks; The borrower repays the principal and interest. Advantages and disadvantages of automobile mortgage market in Xiamen.
Advantages: 1 You can get the money quickly, and you don't have to sell a car or buy a car.
2. You don't need a local hukou, as long as the owner is yourself.
3. Flexible, you can return the car immediately after withdrawing the funds, and you don't have to pay a fine.
The defect rate will be much higher than the mortgage, and the car price will be much lower than the house price.
2. Because the value of the car is not so fixed relative to the real estate, it will not exceed 1 year, which is a short-term loan.
Ha ha. This knowledge is also learned from the platform of "helping people to lend".