Loan to buy a car is divided into two modes, bank loan and dealer loan. At present, loans to buy cars mostly come from banks, and the bank loan process is summarized as follows:

1. Apply to the bank.

After the car dealership is optimistic about the car it likes, it should fill in the Application Form for Automobile Consumption Loan and the Questionnaire on Credit Status, attach relevant certificates of personal situation, and submit them to the bank together with the price and parameters of the car.

2. Bank investigation and approval.

After receiving the loan application, the bank will investigate the credit status of the borrower and the guarantor, and notify the borrower to fill in the corresponding loan application form in time if it meets the loan conditions.

3. Signing a contract: After approval, the bank will notify the borrower to sign a loan contract.

4. Lending: After signing the contract, the bank will lend money.

5. Handling car pick-up procedures: the borrower submits the down payment, handles the car pick-up procedures with the passbook and the car pick-up note issued by the bank, and gives the car a license.

The above is the process of buying a car with a loan. When a car buyer borrows money to buy a car, it is best for the lending bank or lending institution to choose a safe, reliable and honest one.

What are the procedures for buying a car loan?

1. The lender submits detailed loan application materials to the bank;

2. The bank conducts a preliminary examination of the application materials submitted by the borrower;

3. The bank conducts credit investigation and customer evaluation on auto lenders;

4. If it passes the preliminary examination and credit investigation of the bank, the loan application is approved;

5. After the customer's qualification and information are approved, you can sign a contract, go through mortgage registration, insurance and other procedures, sign a vehicle loan mortgage contract, one for the bank and one for the customer, and also sign an automobile sales contract, one for the dealership, one for the customer and one for the bank; If it fails to pass the examination and approval, the bank will explain to the borrower;

6. After the loan contract comes into effect, the handling bank will issue the loan, and the whole approval process will take 3-5 working days. The bank adopts the method of earmarking, that is, according to the contract, the handling bank directly transfers the loan to the 4S shop account where the borrower buys the car.

7. Handling car pick-up procedures: the borrower pays the down payment to the car dealer, handles the car pick-up procedures with the car pick-up form issued by the bank, puts on the license, and submits the car license, 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.

Extended data:

In the process of buying a car by mortgage, the bank requires customers to prepare personal information according to relevant regulations. Including: marriage certificate, identity card, real estate license, income certificate, residence permit (or temporary residence permit) and other copies. ), driver's license, etc. If you are an employee of a state-owned enterprise, you need to prepare a copy of your work permit. If you are an individual and private household, you need to submit a copy of your tax registration certificate, business license and other relevant documents. And a guarantor with a local account.

There are two ways to apply for mortgage to buy a car. One is to buy a car with personal credit mortgage (generally, you are required to have very good credit, no mortgage, no guarantee, stable work income and no bad hobbies). This form of car purchase can generally be loaned for 5 years. The other is to buy a car with real estate mortgage (with real estate license as mortgage). Generally, the mortgage loan for buying a car can last for up to 5 years. The down payment for both types of mortgages is above 30%. The interest rate is mainly determined according to your loan type and your personal qualifications.