Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability, and there is no bad credit record.

Car buyers of automobile consumption loans must also meet the following conditions:

(1) The car buyer must be at least 18 years old and a citizen of China with full civil capacity.

(2) Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.

(3) During the loan application period, the car buyer will deposit the car purchase down payment lower than that stipulated by the bank into the account of the bank savings counter.

Extended data:

Application materials for car purchase by installment

(1) The identity certificate and marital status certificate of the borrower;

(2) The borrower's professional and economic income certificate issued by the department recognized by the lender;

(3) Car purchase agreement or contract signed with the dealer designated by the lender;

(4) Not less than the deposit certificate or down payment receipt.

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