1. Can I use the car to get a loan for a car I bought in full?

Yes.

There are many types of loans now. You can go to the bank directly to ask what procedures are required for a loan. Generally, it is a process of application, collateral, approval, and loan.

Different loan procedures are also different. Generally speaking, you can refer to this for the procedures required for personal loans:

The loan applicant fills out the application form and submits the following information:

1. Valid identity document;

2. Proof of permanent residence or valid residence, and proof of fixed residence;

3. Proof of marital status;

4. Proof of income or personal asset status;

5. For collecting funds, you need to provide the property ownership certificate of the mortgaged house, the identity document and marriage certificate of the owner of the mortgaged house property (including the legal owner) Proof of condition and written proof of agreement to mortgage; and evaluate the value of the mortgaged property in accordance with regulations and provide an evaluation report; if the mortgaged house is exempt from evaluation, relevant certification materials that meet the conditions for exemption from evaluation should be provided, including the transaction contract or the last evaluation report etc.;

6. Loan usage plan or statement;

7. Other information required by the bank.

Finally, the bank designates a personal settlement account to the borrower by transfer

2. Can I get a bank loan for a fully paid car?

If you buy a car with full payment, you can go to the bank to apply for a mortgage loan. Of course, whether you can apply for a loan depends on whether the lender's qualifications and credit score meet the bank's requirements. In addition, how much loan you can apply for also depends on the market value of the vehicle, which will be evaluated by a specialized agency.

After mortgaging the vehicle to the bank and applying for a loan, the lender needs to repay the loan in full and on time in accordance with the requirements of the loan contract. Overdue repayment will definitely affect the personal credit report, and if there are too many overdue payments, The mortgaged vehicle may also be disposed of by the bank.

3. Can you use the car to get a loan if you buy the car in full?

Yes, but the interest rate is very high

4. Can you use the car to borrow money if you buy the car in full? Interest-free loan?

Yes.

Many 4S stores now offer interest-free loans, but there are other fees and repayment period restrictions.

For example, Geely Automobile previously launched a two-year interest-free policy, but the financial service fee required an additional 3,000 yuan, and some also needed to pay the cost of installing a GPS.

This is actually equivalent to disguised interest, but it is lower than the interest rate of direct loans.