Under normal circumstances, the down payment of the second car loan is the same as that of the first car loan, that is, 30% of the total car price. However, the details should comprehensively consider the borrower's repayment ability, asset status, the provisions of the lending institution, the total value of the car, the loan time, repayment methods and other factors.
Buy a car by installment
The down payment for buying a car by installment can be based on your actual cash situation. Generally, you can choose the down payment range of 20%, 30%, 40%, 50%, and the highest 50% to the lowest 20%. In short, the higher the down payment ratio, the less conditions need to be reviewed.
For example, a down payment of 30% requires the valid identity certificate of the car buyer, the marriage certificate of the married person, the real estate license of the house buyer, and most importantly, the cash flow of the bank (1 to 2 years) to prove that there is a stable and legal source of income. If the down payment ratio exceeds 40% (including 40%), you only need to provide your ID card, and you don't need to provide proof of bank running water.
In addition to down payment, many car dealers have also introduced a "zero down payment" discount, which is a tailor-made car purchase plan for people with insufficient cash savings but stable income sources. Now "zero down payment" and "interest-free loan" are two mainstream car purchase schemes, and the two schemes can be combined to choose "zero down payment interest-free loan to buy a car".
In short, you can easily buy a car as long as you prove that you have a "stable source of income".