1. When taking a loan to buy a car, the individual should have stable economic income or assets and be able to repay the principal and interest of the loan on time;

2. Have enough funds to pay the down payment of the car purchased.

3. Provide an acceptable guarantee to the lending bank;

4. Be willing to accept other necessary conditions proposed by the bank.

Attachment: Benefits of buying a car with a loan:

1. Quick realization of car owners:

Currently, people who buy cars are basically young people, because young people The economic conditions are not very good, so the pressure to buy a car with full payment will be quite high. Buying a car with a loan can relieve financial pressure, and they can also become car owners, which is very convenient and gives them face.

2. Make money more valuable:

Cars are consumables and will depreciate when bought. Consumers can reduce their losses by taking out loans. Prices keep rising. Paying full price for a car will only make the price of the car lower and lower. Although you have to pay interest on a car loan, you can make more money with your money.

3. Higher expected income:

For business people, they will basically choose to buy a car in installments. The interest rate of a car loan is between 6.5-7. If you are doing business, the income will be between 30-50 or even higher. Judging from the data, the interest on loan to buy a car will not be worth mentioning. This is also one of the key reasons why many people choose to buy a car in installments.

One million car purchase subsidies