When an individual or enterprise wants to borrow money from a bank, in order to reduce the risk, the bank will not lend money directly, but requires the borrower to find a third-party guarantor, such as a guarantee company or a qualified individual to provide credit guarantee for it. So the loan to buy a car is through the guarantee company. Guarantee companies in different regions calculate guarantee fees in different ways, and the fees charged by guarantee companies will also be different due to different models. If conditions permit, consumers can choose to get a car loan directly from the bank, and then buy the car first without paying any guarantee fee. In order to reduce the risk, the credit officers of ICBC and Bank of Communications all said that if customers want to apply for auto loans, they need to guarantee in the guarantee company designated by the bank. Car buyers need to pay a lot of guarantee fees. According to a person from a guarantee company, at present, the one-time guarantee fee is 3% for a three-year loan and 4% for a five-year loan.

Matters needing attention in choosing a guarantee company when buying a car with a loan

Matters needing attention in buying a car through a loan from a guarantee company are as follows:

(1) You can choose your own insurance company to handle auto insurance, but the general guarantee company will not let you handle it yourself. You need to choose an insurance company and handle it through them.

(2) After the vehicle enters the venue, the car purchase invoice, motor vehicle registration certificate and insurance documents all belong to the bank, and the bank will only return them to you after you have completed the loan.

(3) The guarantee company shall repay the loan in accordance with the agreed repayment method every month after the formalities for buying a car are completed. However, some guarantee companies often encounter financing difficulties in the course of operation. Therefore, it is impossible to pay off the car loan on time.

The specific process is as follows:

1. The customer asks the guarantee company for information;

2. The customer applies for guarantee, fills in the guarantee application materials and signs the insurance undertaking. Then the insurance company collects the guarantee fee, and the two parties sign the guarantee mortgage contract;

3. The credit department of the guarantee company conducts a preliminary examination of the customers;

4. The risk control department of the guarantee company sends personnel to the door for review to verify the authenticity of the materials provided by the customers;

5. The guarantee company submits the customer's loan application materials to the bank; At present, the credit investigation of loan applicants is mainly through income certificates and home visits. The guarantee amount is generally 1% to 1.5% of the loan amount. Generally speaking, the higher the price, the higher the amount of protection.

What are the procedures for the guarantee company to handle the vehicle mortgage?

1. What are the procedures for the guarantee company to handle the vehicle mortgage? Automobile mortgage is a loan obtained from a financial institution or an automobile consumption loan company with a borrower's or a third person's car or a self-purchased car as collateral. At present, the use of loans with cars as collateral is mainly rapid. Of course, cars depreciate rapidly, and traffic accidents have a high probability of affecting the value of vehicles. There are relatively few ways for financial institutions to issue loans with cars as a single mortgage, and the general loan evaluation price is 50-80%. ) In China, banks generally don't provide automobile mortgage services, and it is generally necessary to find private professional credit institutions to apply for such services. For example, automobile mortgage Service is a short-term microfinance service for small businesses, individual merchants and entrepreneurs. "Car loan" is divided into two forms: parking car and not parking car. Escort the car: give the car to the company for safekeeping, have a parking lot dedicated to storing the car, have a special person to look after it 24 hours a day, and light the car regularly to keep warm. Don't mortgage the car: customers can choose to just put the formalities in the company, and the car is still for their own use, and they need to apply for mortgage registration. The loan business is flexible and fast, and the amount can generally reach 70-80% of the assessed amount. Generally speaking, loans can be issued on the day the formalities are completed. Vehicle mortgage loan is a mandatory provision: a car under the name of an individual, a car with full payment, and a car during the service period. The car mortgage process of the guarantee company is as follows: 1. The borrower looks for a reliable guarantee company and applies for a guarantee; 2. The guarantee company accepts the borrower's guarantee and requires the borrower to submit information; 3. The borrower submits the information and the guarantee company reviews the information; 4. After the audit data of the guarantee company is approved, it agrees to guarantee the borrower, and the borrower signs a guarantee contract with the borrower; 5. The guarantee company handles the loan for the borrower, and the borrower handles the pledge registration procedures; 6. Banks issue loans. The following materials are required to apply for automobile mortgage from the guarantee company: 1, valid identification documents of the borrower (such as ID card and household registration book); 2 proof of the borrower's work and income; 3. Vehicle driving license, motor vehicle registration certificate and car purchase invoice; 4. Vehicle insurance policy and vehicle purchase tax certificate; 5. Other materials required by the guarantee company. When choosing a guarantee company to handle automobile mortgage, you should pay attention to the following points: 1. You must have the ownership and complete disposal right of the mortgaged vehicle; 2. Generally speaking, the expenses incurred by automobile mortgage are relatively high. If you choose a loan with a long term, you should try to repay it in advance when you have spare money on hand. 3. automobile mortgage is suitable for short term. Second, the guarantee company can't be found at all. How to release the vehicle mortgage? 1, as long as the complaint is clear, file the case immediately, and the legal fee is 50 yuan; 2. When the case is assigned to take charge of the judge, notify the parties to pay the service fee for the announcement, and ordinary 260 yuan will rush to 300 yuan; 3. After the announcement is served, there will be a trial in absentia; 4. Announce the delivery of the judgment, and the announcement fee is ordinary in 300 yuan and expedited in 390 yuan; 5. It takes about two and a half months to receive the effective judgment after the trial; 6. Apply for enforcement; 7. Send an execution letter, and the owner will handle the mortgage cancellation procedures by letter. To sum up, with regard to the vehicle mortgage by the guarantee company, we should pay attention to the fact that when making a vehicle loan, we only need to prepare relevant materials and find a reliable guarantee company, and then the guarantee company agrees to guarantee the borrower after reviewing the materials, and the borrower and the borrower can sign a guarantee contract, and then we can handle the mortgage loan.

So much for the introduction of auto loan guarantee companies.