First, according to the selected car models and car loan products with different requirements, determine the lending institutions; Two, according to the requirements of lending institutions to prepare the materials needed for loans, start the loan approval; Third, sign a car loan contract and apply for mortgage registration after the loan is approved.
For auto loans, it is necessary to match the appropriate loan products according to the selected models, and different loan products have different requirements for models. Generally speaking, car dealers themselves have corresponding cooperative financial institutions, and car dealers will recommend suitable financial institutions to us according to the models we buy.
When we determine the financial institution, the financial institution will ask us to prepare the corresponding loan materials and start the loan approval process.
When the financial institution completes the loan approval, we will sign the relevant auto loan contract with the financial institution. Car loan contract is a very important material, which will reflect the amount, interest rate, term and other factors of car loan.
What are the methods of car loan? There are mainly these kinds!
Cars have become an important means of transportation for people to travel. Many people plan to buy their own cars. There are several different ways to borrow money to buy a car now. Today, I will take stock of several channels of car loan, hoping to help everyone.
1. What are the methods of auto loan?
1, bank car loan
Bank car loan is a common way to buy a car, because it has low cost, low interest and good safety, but its disadvantages are strict examination, difficult repayment and relatively fixed amount.
2, credit card installment car purchase
You can enjoy a certain interest-free period when buying a car with a credit card. Cardholders can comprehensively consider their own credit card issuing bank activities, car models and other factors. It should be noted that there is a certain installment fee for buying a car with a credit card.
3. Auto financing company loans
Auto financing companies have higher loan flexibility and faster lending time. But the disadvantage is that the loan interest and handling fee are much higher than the bank car loan, so everyone still needs to consider it carefully before handling it.
Second, the car loan matters needing attention
1, interest-free period
Many friends will be attracted after seeing the interest-free period. I don't know if there is a routine. Generally speaking, the interest-free period is fixed. The previous year is interest-free, and there will be high interest charges, not interest. In short, wool comes from sheep.
2. Bundle sales
Many times, car buyers will be asked to buy insurance, licenses and so on. In the shop, there is a certain profit difference between them. Therefore, before handling the car loan business, we must have a basic understanding of these, so as to minimize our borrowing costs.
How to apply for a car loan?
Three different channel loan processes
I. Bank auto loans
1. Go to the bank credit department to fill out the application form for bank auto loan and provide relevant materials to prove it.
2. Bank pre-lending investigation and qualification examination.
3. The bank informs the lender to sign the loan contract, mortgage contract and guarantee contract, and handle the mortgage registration and insurance and other related procedures.
4. Issue loans.
5. The lender pays the down payment to the car dealer, and goes through the formalities of picking up the car with the bank documents.
Second, credit card installment car purchase
1. Get a bank credit card and go to the bank to increase the loan amount.
2. Go to the cooperative distribution office designated by the bank and choose your favorite model.
3. Fill in the credit card installment shopping application form.
4. Pay down payment, car purchase tax and insurance.
5. Vehicle registration and vehicle mortgage procedures.
6. Pick up the car and repay it according to the contract.
Three. Auto finance company loan
1. Fill in the loan application form of auto financing company and provide relevant materials.
2. Qualification examination and approval of auto financing companies and home visits.
3. Sign car purchase contracts and car loan contracts, and pay down payment and vehicle purchase tax.
4. Go through the relevant procedures for new car registration.
5. Pick up the car and repay it on schedule.
How to get a car loan?
The procedure for buying a car loan is:
1. Provide ID cards, proof of economic income and other documents and materials required by the cooperation organization;
2. Bring materials to the loan bank to apply for personal automobile mortgage;
3. The lender shall evaluate the credit rating and guarantee of the borrower, determine the loan amount, term, interest rate and repayment method, and issue the loan.
legal ground
Article 10 of the Measures for the Administration of Automobile Loans
When granting personal car loans, the lender shall comprehensively consider the following factors to determine loan conditions such as loan amount, term, interest rate and repayment method:
(a) the lender's credit rating of the borrower;
(2) loan guarantee;
(three) the performance and use of the purchased car;
(four) the development of the automobile industry and the supply and demand of the automobile market.
The process of car loan: 1. The borrower brings ID card, motor vehicle registration certificate, driving license and other materials to the bank to fill in the loan application form and submit the materials. Two, the bank to review the information submitted by the borrower. Three, professionals to evaluate the loan vehicle. Fourth, the bank determines the loan amount according to the assessed value of the car (generally speaking, the loan amount will not exceed 70% of the assessed value of the car). 5. Sign a loan contract. Clear the loan amount, loan term, loan interest rate and other related rights and interests. 6. Go through the formalities of automobile mortgage and obtain the vehicle registration certificate. 5. Bank loans.
It should be noted that at present, most car loans can only be mortgaged, not mortgaged.
How to borrow a car loan?
The process of car loan is:
1, fill in the loan qualification form;
2. Sign a bank loan guarantee contract;
3. A notarized application;
4. Sign the auto insurance application form and give it to the back office staff to ask the insurance company to issue an insurance policy;
5. Collect the deposit and related expenses according to the sales agreement;
6. Replace the card according to the customer's requirements, and get the card with the original invoice, voucher and customer ID card.
legal ground
Order No.2 of China People's Bank and China Banking Regulatory Commission [2065438+07]-Article 9 of the Measures for the Administration of Automobile Loans.
The borrower applying for personal auto loan shall meet the following conditions at the same time:
(1) People's Republic of China (PRC) citizens, or Hong Kong, Macao and Taiwan residents and foreigners who have lived in People's Republic of China (PRC) for more than one year (including one year);
(2) Having a valid identity document, a fixed detailed address and full capacity for civil conduct;
(3) Personal legal assets with stable legal income or sufficient to repay the loan principal and interest;
(4) Personal credit is good;
(5) Being able to pay the prescribed down payment;
(6) Other conditions required by the lender.