Used car loan process: 1. Submit relevant materials to the brokerage company for preliminary examination; 2. Pay the down payment and choose the used car to buy; 3. Sign a car purchase contract with the dealer and insure the vehicle (generally requiring reinsurance of used cars); 4. The bank accepts the loan application and decides whether to approve it or not; 5. Handle vehicle-related formalities and deliver the vehicle. State-stipulated limit: the maximum loan amount shall not exceed 50% of the price of the purchased car. "General Principles of Loans" Article 3 The issuance and use of loans shall comply with national laws, administrative regulations and management regulations issued by the People's Bank of China, and follow the principles of efficiency, safety and liquidity.

Second, how to borrow a second-hand car mortgage? What is the process of second-hand car mortgage loan?

If it is a mortgage loan, it depends on how much the collateral is worth, the time of the loan, what is the purpose of the loan, and whether there are relevant certificates. Then it depends on your income and marital status.

Third, how to calculate the second-hand car loan?

At present, the minimum down payment for new car loans is 30% for three years, and the total interest is 12% to15% of the total loan amount; For a three-year loan for used cars, the minimum down payment is 50%, and the total interest exceeds 20% of the total loan.

The calculation formula of loan interest for used cars is: monthly payment × loan term-loan amount = total interest.

Further reading: What are the precautions for second-hand car loans?

1. Unsecured loan for used cars

The age and mileage of a used car will determine whether it can be used as a mortgage. If the used car is too old, it is difficult to apply for a loan. Therefore, the age of the mortgaged second-hand car applying for a loan can not exceed 3 years, and the longest can not exceed 6 years;

2. Second-hand car loans with high or low car prices.

Generally speaking, used cars with high car prices and high innovation rate are easy to apply for loans. If the car price is too high, the lending institution will bear great risks; The car price is too low, and it is generally difficult to handle it, because lending institutions often do not accept car loan business below 60,000 yuan. Therefore, it is easier to apply for a second-hand car loan only if the evaluation price is between 800,000 and 800,000.

3. Find out whether the mortgaged vehicle is a mortgaged used car.

At present, most lending institutions will not accept second-hand cars as mortgage loans. Used cars used for mortgage must be paid in full, and there is no loan at present. The buyer shall negotiate with the dealer about the repayment content of the outstanding mortgage loan of the vehicle that the buyer has not paid for the time being, and explain it separately in the signed contract. In addition, it is also necessary to pay attention to whether the vehicle has a violation record and whether it is in the state of mortgage custody. After confirmation, the vehicle will be transferred and filed.