There are loan contracts and mortgage contracts.
Second, do you need to mortgage anything to buy a car with a loan? What if the mortgage needs to be mortgaged?
You don't need to mortgage documents to the bank after buying a car with a loan. Buying a car with a loan is actually mortgaging the car to the bank, because buying a car with a loan requires full insurance, so even if the car is stolen, robbed or has an accident, the insurance company will bear it. The bank will still recover the cost.
Handling process of automobile loan:
1. First, the lender is required to prepare the ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to the bank, fill out an application form and fill out a contract.
2. Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If so, there is no need to sign such a contract.
3. Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.
4. Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank. Note: In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license, etc.
Pay attention to the following questions when buying a car with a loan.
1. Hidden costs need to be known in advance: generally, this situation is easy to happen in secondary dealers. In fact, as long as consumers book a car, they should ask clearly about the expenses included in the total price, and whether there are other hidden expenses, such as new car inspection fees and delivery fees, and also pay attention to whether the loan contract is provided by the bank, which is troublesome when using hands-free cars.
2. Car insurance by installment: If consumers choose to buy a car by installment with a credit card, the general car dealers will ask the designated insurance company to handle the car insurance for a specified period, and consumers should pay attention to whether the car insurance price is acceptable.
3. Verbal agreement does not guarantee: unless consumers apply for unsecured credit loans in the bank and withdraw money, they will buy a car in full at the 4S shop, otherwise other forms of loans will not get all the benefits of buying a car in full. At this time, car dealers often verbally promise various concessions to consumers, and the promises that don't fall on the pen are all on paper. In order to avoid future problems, consumers need to consider when choosing a car loan method.
4. The loan amount should be clear: generally speaking, with personal credit or joint liability guarantee, the maximum loan can be 200,000 yuan; Apply for mortgage with the purchased vehicle or real estate, and the loanable amount is 70%; If a third party applies for secured loans (except banks and insurance companies), the loanable amount is 60%.
3. Do I need to sign a contract to buy a car with a loan?
A loan to buy a car requires a contract. At this stage, most car loans are reserved ownership. Before the consumer pays the full amount, the ownership of the car is mortgaged and does not belong to the user. It is precisely because of this that consumers are often deceived by car dealers who lack integrity. The main situation is as follows:
1. After the formalities were completed, the car dealers raised prices all over the sky. When the consumer is ready to pick up the car after all the payment procedures are completed, the car dealer requires the consumer to pay a certain amount of cash on the basis of the original car payment, and then pick up the car. In this case, the dealer will give many reasons, such as the price increase of the car during the full payment period, or various excuses such as not doing some formalities within the specified time;
Some dealers use the method of "sewing" to cheat extra money. There are some "sewing" people wandering in the market, who have neither credit qualifications nor car sources. They want to make a profit, so they take consumers to a car dealer with credit qualifications to handle some related matters of car installment payment procedures. However, dealers use the difficulty of loan procedures and the complexity of calculation methods to deliberately overcharge consumers and earn ill-gotten gains. In this way, "sewing" personnel can earn a net commission from consumers. Therefore, before buying a car, consumers must choose and understand the formal automobile sales and automobile finance guarantee companies to handle automobile mortgage business, and conduct on-the-spot investigations to understand the reputation and strength of mortgage and sales companies through various channels;
Some car dealers cheat consumers into signing blank contracts. Now some car dealers use consumers' lack of legal knowledge to deceive consumers into signing blank contracts. Suppose that when the consumer goes to the dealer to go through the formalities of buying a car, the dealer verbally tells the consumer that he only needs to pay 25% down payment and only borrow 40 thousand yuan, provided that the consumer signs a blank contract. However, after the consumer's loan procedure is completed, when the consumer sees the credit contract, he finds that the loan amount is more than the previous commitment: depending on the lending time of the cooperative bank with 4S shop, it can be settled in 7- 15 working days! You can pick up the car in about 2 days after 4S receives the payment (if it is a spot car).
Four, automobile mortgage power of attorney _ automobile loan power of attorney contract model
When handling the car mortgage business, many friends want their families or friends to handle it for them because it is inconvenient for them to be abroad, so they need to submit the power of attorney for the car loan. How to write the power of attorney for vehicle mortgage loan?
Power of Attorney for Automobile Loan I (Model Contract)
Party A: _ _ _ _ _ _ _ _ _ _ _
Gender: _ _ _ _ _ _ _ _ _ _ _
Text _ _ _ _ _ _ _ _
Address: _ _ _ _ _ _ _ _
Tel: _ _ _ _ _ _ _ _
Party B: _ _ _ _ _ _ _ _ _ (Lender)
Gender _ _ _
ID number _
Address: _ _
Tel: _ _ _ _ _ _
Party A takes Party B as collateral for its own production or business needs, and Party B agrees to lend and sign the contents of this contract through consultation.
The first loan project
Article 1 loan content
Total loan amount: RMB _ _ _ _ _ _ _, and the loan period in words: from ×× days to ××× days. Article 2 The borrower's monthly interest
1. Payment of loan: pay the loan amount to Party A in one lump sum or transfer it to Party A's account.
2. Loan repayment: The loan will be repaid in one lump sum on the due date.
3. Party A can repay the loan in advance, but it must be 1 in advance.
Article 3 Liability for breach of contract
1. If Party A fails to repay the loan in full on schedule, the unpaid part shall be charged as liquidated damages by/day from the overdue date. If the overdue period exceeds ten days, Party A shall be deemed to have completely breached the contract, and Party B may cancel the penalty of 20% of the total contract loan;
The second mortgage project
Article 4 Party A confirms that the mortgaged assets belong to it, and all procedures are legally postponed, and it will not bear any economic and illegal responsibilities, otherwise Party A will bear all legal responsibilities.
Article 5 Guarantees
1. Vehicle type and brand: _ _ _ _ _ _ _ _ _ _ _
2. Frame number: _ _ _ _ _ _ _ _ _ _ _
3. Engine number: _ _ _ _ _ _ _ _ _ _ _
Article 6 custody of collateral
1. The collateral shall be kept by Party B. During the mortgage period, Party B shall use the vehicle free of charge to ensure that there are no traffic accidents and violations. If the vehicle is lost due to Party B's own reasons or natural damage, force majeure and other factors, Party B shall be exempted from the liability for compensation.
2. Party A must keep the keys, motor vehicle registration certificate, driving license, car purchase invoice, purchase tax, road maintenance fee, insurance documents, original household registration book and copy of ID card related to the mortgaged vehicle with Party B or an intermediary agency.
Article 7 Disposal of Collateral
1. During the mortgage period, any disposal of the mortgaged vehicle by Party A is invalid.
2. If Party A fails to repay the loan on time, Party B may sell the collateral after the overdue days to recover the losses, and Party A also signs the Power of Attorney for Overdue Sale.
Article 8 During the mortgage period, under any of the following circumstances, Party B has the right to dispose of the collateral in advance.
1. The borrower is declared missing, and its property custodian refuses to perform this contract;
2. The borrower loses civil capacity and the guardian refuses to perform this contract;
3. The legal heir of the borrower's property refuses to perform this contract when the borrower dies or is declared dead;
4. The borrower fails to perform repayment obligations or has other behaviors that lack the sincerity to repay debts;
5. The borrower is involved in or will be involved in major litigation or arbitration procedures and other laws, which is enough to affect its solvency;
6. The borrower changes his domicile. Mailing address. Contact telephone number and other matters were not notified in time within 5 days.
Other provisions in the third paragraph
Article 9 Bearing of expenses
1. If Party A fails to repay the loan on time, it can be extended with the consent of Party B. ..
2. All expenses arising from mortgage and loan shall be borne by Party A. ..
Article 10 Conditions for the entry into force of this contract
This contract shall come into effect as of the date of signature by both parties.
This contract is made in duplicate, each party holds one copy, and the rest are filed in relevant departments.
Party A: _ _ _ _ _ _ _ (Borrower)
Party B: _ _ _ _ _ _ _ _ _ (Lender)
Witness: _ _ _ _ _ _ _ _ _ _ _ _
Signing place of the contract: _ _ _ _ _ _ _ _ _ _ _ _ _ _
Date of signature: _ _ _ _ _ _ _ _ _ _ _ _ _
Entrusted loan business process
Automobile mortgage's power of attorney model
Liuzhou Public Security Bureau Traffic Police Detachment Vehicle Administration Office:
I hereby entrust _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ company.
This power of attorney is valid for _ _ days from the date of signing.
Entrusted trustee
(Signature or official seal) _ _ _ _ _ _ (Signature or official seal) _ _ _ _ _ _ Signature of the manager:
Date of signature: year, month and day Note: 1. The trustee has verified the client's situation, guaranteed the authenticity of this power of attorney, and assumed corresponding legal responsibilities.
2. This power of attorney is submitted by the trustee, who promises to handle business only within the scope of entrustment.
3. Copies of ID cards or organization code certificates of the trustor and the trustee shall be attached to this power of attorney.
4, apply for a replacement of motor vehicle registration certificate shall not be an agent.
5. The power of attorney shall be filled in accurately and completely, and shall not be altered, otherwise it will be invalid.
6. Personal signature of the entrusting party (the entrusted party) and official seal of the unit.
7. The entrusting party (the entrusted party) has made clear the contents of this page.
Automobile mortgage power of attorney III
Client (motor vehicle owner), ID card. I hereby entrust the employee (agent) of Baotou Lutai Automobile Sales & Service Co., Ltd. to handle the motor vehicle mortgage business with (license plate number) and vehicle identification code for me.
The agency behavior of an agent applying for motor vehicle mortgage business within the scope of agency authority is the true intention of the principal, and the principal shall bear corresponding legal responsibilities for the agency behavior according to law.
This power of attorney is valid until year month day.
Client (signature/seal)