In today's difficult lottery, consumers who are interested in buying a car are more willing to choose a one-step car purchase method. When the capital flow is inconvenient, many consumers who are interested in buying a car are willing to choose car loans to buy a car. So, what is the process of car loan? What should I pay attention to? Bian Xiao will bring you a simple seven-step easy loan car purchase method.

1. choose a good model to determine the price.

First of all, consumers go to the car dealer to choose their favorite models, and work with the dealer to determine the car price. According to the regulations of the People's Bank of China, car loans are only for car prices, excluding various taxes and insurance premiums. But in fact, all banks have relaxed. Under normal circumstances, if consumers choose loans for car prices and taxes, the related expenses involved are relatively large, and the repayment of each installment will increase relatively.

2. Determine the loan type

The main types of auto loans in the world include bank auto loans, credit card installment loans and auto finance company loans.

bank car loan has the advantages of large loan amount, long loan time and no requirements for car brands, but the procedures are quite complicated, which usually require the lender's fixed assets or cash assets. For non-bank quality customers, it is also necessary to find a guarantee company to guarantee and improve the approval rate.

the advantages of credit card installment are quick approval and relatively simple procedures, and there is no need to provide real estate guarantee, as long as the buyer has a legitimate occupation and sufficient fixed income. However, customers who choose credit card installment need to go to the designated brand dealer of the bank to buy a car, mortgage the car according to the regulations and purchase the designated auto insurance. The first beneficiary of insurance needs to be the bank or himself.

auto financing company loans only require consumers to have a fixed occupation and residence, stable income and repayment ability, and good personal credit, without any guarantee or excessive account restrictions. However, it can only provide loans for its models, and the choice is relatively narrow. It also needs to mortgage the vehicles to financial companies and purchase designated insurance, and the first beneficiary of insurance needs to be auto finance companies.

3. Submit information

When a consumer applies for a car loan from a bank or an auto financing company to buy a car, he/she needs to submit information to the bank or auto financing company, including a car purchase intention contract (car booking contract), a loan application form, proof of identity (ID card and household registration book of himself/her spouse), proof of income, real estate license, marriage certificate and related materials to provide guarantee. Consumers who apply for credit card installment need to show their ID card, credit card, work permit or real estate license to the dealer and fill in the application form for automobile installment business.

4. Conduct pre-loan investigation and approval.

after banks and auto financing companies accept loan applications, they will investigate the credit status of consumers. Consumers who meet the loan conditions will be approved and informed to sign loan contracts, guarantee contracts and mortgage contracts. , handle mortgage registration and insurance procedures, and pay the down payment in cash or debit card. Consumers who apply for bank car loans need to pay the down payment when signing the car purchase contract and submit the down payment certificate to the bank.

5. Lending

After the contract comes into effect, the bank will directly transfer the loan to the car dealer's account.

6. pick up the car.

go through the car pick-up formalities with the car pick-up slip issued by the bank, and give the car a license. Consumers need to hand over the motor vehicle registration certificate, invoice, insurance policy, driving license, ID card and household registration book to the bank. After the mortgage, the bank will return the driving license, ID card and household registration book.

7. after the consumer picks up the car, he will repay it on time.

consumers should pay attention to the repayment time every month. If the repayment is overdue, there will be a high late payment fee.

million car purchase subsidy