Credit card installment is a popular automobile installment method at present, but consumers can also choose bank auto loans and auto financing loans.

Compared with other car loans, the threshold for buying a car with a credit card is lower. As long as the applicant has a good personal credit record and can provide proof of work income or property recognized by the bank, the loan can be completed within 7 working days. Moreover, there is no interest on buying a car by credit card in installments, only a handling fee, which is cheaper than ordinary loans.

Handling loan and car purchase procedures:

1, pre-loan investigation, the loan applicant carefully fills in the Pre-loan Pre-examination Form and submits it to the bank for preliminary examination.

2. The bank initially completed the loan qualification examination of the applicant through the "Pre-loan Pre-examination Form". For applicants who meet the bank loan standards, the bank informs the loan applicants to prepare personal loan application materials.

Materials for handling loan car purchase procedures:

1, personal loan application;

2. Personal valid identity documents. Including identity cards, household registration books, military officers' cards, passports, and travel passes for compatriots from Hong Kong, Macao and Taiwan. If the borrower is married, the identity certificate of the spouse shall be provided;

3. Household registration certificate or long-term residence certificate;

4, personal income certificate, provide proof of family income or property when necessary;

5. Certificate of intention to buy a car issued by the car dealer;

6. Proof of down payment for car purchase;

7. If the purchased vehicle is secured by other means other than mortgage, the relevant materials of the guarantee shall be provided, including the pledge certificate, the ownership certificate and evaluation certificate of the mortgaged real estate, and the letter of intent for third-party guarantee, etc.

8. If the vehicle purchased by the loan is a commercial vehicle, it is also necessary to provide proof that the purchased vehicle can be legally used for operation, such as the vehicle's affiliation agreement and lease agreement with the transport fleet;

9. The vehicle purchased by the loan is a second-hand car, and it is also necessary to provide a car purchase intention certificate and a vehicle evaluation report issued by an evaluation agency recognized by the bank; Vehicle ownership certificate of vehicle seller, motor vehicle registration certificate of trading vehicle, annual inspection certificate of vehicle, etc.

Four details of handling loan and car purchase procedures

Detail 1: Interest-free car loans are subject to handling fees.

Detail 2: Read the relevant insurance clauses carefully before handling the loan and car purchase procedures.

Detail 3: There are many restrictions on buying a car with a zero-interest loan.

Detail 4: Carefully consider the floating car payment and loan interest rate before going through the formalities of loan car purchase.

The loan to buy a car needs to be handled in accordance with the above procedures. Different banks have slightly different requirements. Please consult the bank that wants to apply for a loan for details.