First of all, you have to go to the dealer to choose your favorite car, sign a car purchase agreement with the dealer, and make clear the model, quantity, color and so on.

To apply for a mortgage at a bank outlet, the necessary materials for application include: personal mortgage application, valid identity documents, occupation and income certificates, basic family information, car purchase agreement, required certification documents and other conditions stipulated by the mortgagor.

The bank will inform the car buyers of the audit results within fifteen working days after accepting the mortgage application. If the user does not meet the mortgage conditions, the bank will return the application materials to the applicant; If the applicant meets the mortgage conditions, the bank will sign an automobile consumption loan contract and related guarantee contract with him.

It should be noted here that the maximum mortgage amount for automobile consumption shall not exceed 60%-80% of the purchase price, and the longest mortgage period shall not exceed 3-5 years. The two banks will have different limits, but the difference will not be too big.

The special dealer shall submit the customer's car purchase invoice, payment receipt, driving license (copy) and vehicle registration certificate to the bank within 15 days after receiving the mortgage notice. Banks issue mortgages after customers have gone through the formalities of property insurance. Including: vehicle loss insurance, third party liability insurance, burglary insurance, spontaneous combustion insurance, etc. All insurance periods shall not be shorter than the mortgage period.

What should I pay attention to when buying a car loan?

After the bank issues the loan, the 4S shop will inform you to pick up the car, take the pick-up slip to the 4S shop to pay the down payment, and you can drive the car home.

1. Please read the contract carefully before signing.

If you meet a financial company that claims that the interest rate is low and the loan amount is large, it is actually very difficult. For example, if you tell the customer that the loan is 36 installments, it is actually 38 installments, and the extra 2 installments will be put in your pocket, and the customer will eventually pay back the money, so be sure to read the contract carefully before signing it.

2. Binding of loan term and auto insurance

Generally speaking, car insurance will be tied to 4S stores, because the car doesn't actually belong to you until the loan is paid off. In order to reduce their own risks, banks or financial companies will take some auto insurance that must be purchased as loan conditions (generally four main insurances+car damage insurance), and it is basically impossible to buy it outside.

3. The handling fee is actually earned by the 4S shop.

Except for credit card installment loans from banks, no financial company or bank will charge customer service fees for mortgage loans. So, you know, the handling fee charged is actually deducted by the 4S store.

4. About the down payment.

According to the Measures for the Administration of Automobile Loans promulgated by the People's Bank of China and the China Banking Regulatory Commission, the down payment ratio of new car loans shall not be less than 20%. In addition, you have heard of "zero down payment" and "10% down payment" car purchase methods, which are essentially routines and have considerable risks.

5. About the advance payment

Most car loans are in the form of equal principal and interest, that is, interest is paid first, then principal is paid. For example, if the loan lasts for three years and the repayment lasts for two years, the repayment of the principal is only 60%. If you want to terminate the loan in advance at this time, you may have to deduct 5% of the unpaid liquidated damages, which is not cost-effective. It is better to deposit the money directly and let it deduct the money slowly.

6. There is no charge for canceling mortgage loans.

For term mortgage loans, there is no charge when the mortgage is released. And some unreliable financial companies have to pay a handling fee if they want to cancel the mortgage after the customer's repayment period. If not, they won't get the registration certificate. Therefore, when choosing a wealth management company, you must inquire in advance and choose a reliable wealth management company.

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