;? What is a relatively relaxing holiday every year that often turns into Valentine’s Day, making single people feel even more lonely? As a result, when it comes to taking out a loan to buy a car, sometimes single people are hurt a second time. They find that it is easier for married people to get loans. Do I need to be the same as the borrower to buy a car loan for a single person? Let’s find out together.

Does a single car loan require the same borrower? Under normal circumstances, single car loans do not require the same borrower, because car loans are also mortgage loans. The car the borrower wants to buy is the collateral for the loan. During the repayment period of the car loan, the owner only owns the car. The right to use and own the car is in the hands of the lending institution, which has the right to dispose of the car. If the borrower fails to repay the car loan, the lending institution can auction the car to pay off the debt in accordance with the law. However, if the borrower's qualifications are not good, such as having many overdue credit records, poor repayment ability, and a high debt ratio, it will be more difficult to apply for a car loan based on one's own strength. In this case, add ** *With the same borrower, the loan success rate can be improved. After all, two people have better repayment ability than one person. But not just anyone can be a co-borrower. Co-borrowers for car loans also need to meet credit requirements, have a stable job and source of income, and have the ability to repay principal and interest. In addition to getting the same borrower, if the borrower's qualifications are not good and the lending institution is unwilling to approve the loan, you can also choose to find a guarantor or a guarantee company, but the guarantee company will need to pay a certain handling fee. To sum up, regarding the question "Do you need to have the same borrower to buy a car loan for a single person?", it still depends on the borrower's own comprehensive qualifications. If you have good credit and strong repayment ability, you can successfully get the loan. There is no need to add new borrowers. After borrowing, remember to repay on time to protect your personal credit.