Now, if you buy a car, you usually use a loan or pay in full. If you use a loan, the time of the loan is different from that of the house. So what conditions are needed first? Below, in order to help you better understand the relevant legal knowledge, Bian Xiao has compiled the following contents, hoping to help you.

One. loan

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them.

Second, what are the conditions for the down payment for buying a car?

Loan car buyers need to meet the following conditions:

1, with valid identification and full capacity for civil conduct; 2. Can provide a fixed and detailed address certificate; 3. Have a stable occupation and the ability to repay the loan principal and interest on schedule; 4. Personal social credit is good; 5. Holding a car purchase contract or agreement approved by the lender; 6. Other conditions stipulated by the Cooperation Organization.