The conditions are as follows: First, the car buyer must hold People's Republic of China (PRC) nationality. 2. Buying a car requires personal identification (ID card, household registration book), personal (family) income certificate, personal property certificate, car purchase intention certificate, and loan car purchase down payment certificate. If the mortgage of car loan is applied by pledge, or the bank or insurance company provides joint liability guarantee, the down payment amount shall not be less than 20% of the car purchase amount, and the loan amount shall not exceed 80% of the car purchase amount. If the property is used as collateral, when the owner applies for a loan, the down payment needs to reach 30%, and the loan amount should not exceed 70% of the car payment. If the application has a third-party guarantee, the down payment needs to reach 40%, and the loan amount does not exceed 60% of the car loan. At the same time, if the enterprise or unit applies, the loan period shall not exceed 3 years.

Million car purchase subsidy