2. In addition, in order to obtain a loan, the applicant should also meet the following conditions: residents with permanent residence in the local area have a fixed residence in the local area; At least eighteen years of age but under sixty years of age; Having the ability to stabilize income and repay loan principal and interest; A third-party natural person provides a guarantee to repay the principal and interest of the loan; During the loan period, the insurance company recognized by the bank must insure the motor vehicle consumption loan guarantee insurance at one time and continuously insure the motor vehicle insurance; Other conditions stipulated by the bank.
3. What are the procedures for buying a car by stages? The most critical part is the process, which includes the following steps: consulting with car dealers; Materials to be submitted to the dealer for preliminary examination; Pay a down payment, choose a car model and sign a car purchase contract; Acceptance and approval of banks; Handle insurance and other formalities; Handle the vehicle entrance formalities and deliver the vehicle.
Legal basis: Article 634 of the Civil Law of People's Republic of China (PRC) (hereinafter referred to as "Civil Law") stipulates that if the buyer who pays by installment fails to pay the due price according to one fifth of the total price and fails to pay the due price within a reasonable time after being urged, the seller may require the buyer to pay the full price or terminate the contract. If the seller terminates the contract, it may require the buyer to pay the fee for the use of the subject matter.