Generally speaking, if you get a car loan, you can refund it if it is useless. This should be calculated according to prepayment, and there are two main payment methods for liquidated damages:

1. Repayment in full in advance: after the loan bank verifies that the relevant materials are correct, it will go through the formalities of prepayment in full.

2. Early repayment with the same loan term: the loan bank instructs the borrower to fill in the relevant agreement.

But the liquidated damages are actually a lot of money, so try not to refund them. I hope my answer can help you.

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.

Type of automobile loan

Personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan.

The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.

In addition to the above fees, personal auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits.

And credit cards, car loans. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records.

The specific steps of buying a car by credit card in installments are roughly as follows:

1. The cardholder (or applicant) calls the bank's credit card center or goes to the local bank to find out whether he can apply for a credit card car loan.

2. The cardholder holds his ID card to the dealer's site to fill in the installment order for car purchase and submit it to the bank for review.

3. After the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.

4. After the vehicle is licensed, the cardholder needs to go to the bank to go through the mortgage formalities and purchase the required auto insurance.

5. I can finally drive away smoothly.

loan limit

The maximum loan amount generally does not exceed 80% of the price of the purchased car.

Letter of credit clause

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.

Can I go back on my word when I get the car loan but I haven't paid the final payment?

There are two other situations for car loans:

1. If the loan has not been issued at the time of loan, the loan can be cancelled. If a contract is signed, but there is no loan, it will be regarded as early repayment and the liquidated damages will be paid according to the contract.

(1) This breach is recorded in personal credit record;

(2) The expenses incurred at the initial stage of the loan will not be refunded or supplemented;

(3) The bank needs to be informed of the reasons for refusing the loan;

(4) Signing an prepayment contract with the bank;

(5) Pay a certain penalty;

(6) It has a certain impact on future loan applications.

2. If the loan is approved and you don't want to use the money, you can cancel it before signing the contract, which is regarded as automatic abandonment of the loan.

(1) No penalty is required;

(2) Pretreatment fee will not be refunded or supplemented;

(3) affect the future application for bank loans;

(4) It is recommended to notify the bank in advance and explain the reasons for not using the loan.

Can I give up the loan before I pick up the car?

The car loan has been approved, and there is no down payment and no delivery, but if you have applied for a car loan, it cannot be cancelled.

If the loan has been paid in place, it will be more troublesome for the lender to apply for repayment. At this time, the lender can only repay in advance, but there will be a certain loan record, and it may also be reported to the credit bureau. Moreover, some lending institutions will also agree to cancel the loan, but there will be certain liquidated damages and handling fees.

In short, after the loan application is approved, it is not easy to cancel. Light will delay your precious time, pay liquidated damages and handling fees, and heavy will produce credit records. Bad records in credit records may affect future economic life. To put it simply, if you have a record of canceling the loan once, it is likely that the next loan repayment will not be easy.

Laws and regulations:

According to Article 23 of the Interpretation of the Supreme People's Court on Several Issues Concerning the Applicable Law in the Trial of Commercial Housing Sales Contract Cases, it is stipulated in the commercial housing sales contract that if the buyer fails to conclude a commercial housing secured loan contract due to one party's reasons, the other party may request to terminate the contract and compensate for the losses.

The loan for buying a car has come down. It's no use. Can I get a refund?

The loan for buying a car has come down. If it doesn't work, you can return it. According to the prepayment calculation, you need to pay liquidated damages.

(1) Repayment in full in advance: after the loan bank verifies that the relevant materials are correct, it will go through the formalities of prepayment in full.

(2) prepayment with the same loan term: the loan bank instructs the borrower to fill in relevant agreements. If the original loan guarantee method is mortgage insurance and mortgage registration has not been done, you need to go to the insurance company designated by the city center to go through the formalities of reducing the insured amount with the original policy, your ID card and relevant agreements, and the final agreement should be sent to the corresponding sub-center by the loan bank in time.

③ If the original loan guarantee method is mortgage insurance and the mortgage registration has been completed, the borrower who chooses non-mortgage insurance applies for partial repayment in advance and shortens the loan term: the loan bank instructs the borrower to fill in the relevant agreement, and the signed agreement is sent to the corresponding sub-center in time by the loan bank.

④ The mortgage insurance selected by the original loan guarantee method is still within the insurance period, and the mortgage registration has not been handled: the borrower can apply for partial repayment in advance and shorten the loan period, and can directly handle it at the guarantee center.