1. Generally, 18 to 60 years old is a natural person with full capacity for civil conduct;

2. Good credit status, good repayment intention, a fixed occupation and a predictable source of repayment, and the ability to repay on schedule;

3. It is required to use the purchased second-hand car as collateral and apply for vehicle insurance according to the requirements of the bank.

Detectives buy used cars at low interest rates.

Usually, as long as the used car you like is not very biased, you can find the same car with similar condition in the used car market.

If the car is in similar condition and the model is the same, then the price will be several thousand dollars. The trick is to compare these cars with similar conditions and the same model, and then find out the one with better condition and price.

Second, how to cancel the mortgage when the used car loan expires?

After the second-hand car loan expires, the loan has been repaid. Go to the bank to open a settlement certificate first, and then go through the formalities of canceling the mortgage.

Pay off the car loan.

Although the car loan has been paid off, this car doesn't belong to you yet! There are still a few things to do:

1. Contact the loan bank or financial institution and get the return certificate (vehicle registration certificate) and the loan settlement certificate;

2. Go to the vehicle management office to cancel the loan mortgage (it must be cancelled at the vehicle registration place, not in another place);

What do I need to bring to release the mortgage?

1. Owner's ID card;

2. Motor vehicle registration certificate;

3 loan settlement certificate issued by the loan company (or bank);

4. Original business license of the loan company (or bank);

5. If the loan company (or bank) does not send staff to help lift the mortgage, it also needs a power of attorney issued by the loan company (or bank) to the owner.

After paying off the loan, you must do the above, otherwise the car will not belong to you even if you buy it, so as to avoid endless troubles.

After everyone pays off the car loan, the procedures that need to be handled are relatively simple, mainly for mortgage cancellation. The main process is:

1. Go to the loan bank to get the vehicle registration certificate, get the organization code certificate (with official seal) provided by the loan bank and the power of attorney to entrust the owner to handle the mortgage cancellation business.

2. Take the above materials, as well as my ID card, loan settlement instructions, driving license, driving license purchase invoice, and go to the local vehicle management office to go through the car release procedures.

Matters needing attention

1. If the beneficiary of your auto insurance is a bank or a car loan company, you need to change the beneficiary after completing the mortgage cancellation procedures.

2. If the car you bought was installed with GPS by the lending institution before, you must remember to remove the GPS.

At present, the mortgage cancellation procedures need to be handled by the owners themselves, which everyone should know.

Everyone must prepare the information in advance before going through the formalities.

3. What are the second-hand car mortgage loan processes?

With the car purchase agreement, you can apply for a loan next. What is the process of second-hand car loan? The first thing is to apply for a loan. Before applying, you need to prepare all the materials: personal loan application, ID card, work income certificate of the unit, car purchase agreement, proof of guarantee and other necessary documents. After the documents are complete, they will be submitted to the bank for review. After the bank is approved, it will sign a loan contract and a guarantee contract with the borrower for used cars.