Is it necessary to install GPS in mortgage car purchase?

Not all installment cars will be equipped with GPS. Generally, vehicles equipped with GPS will be required to be mortgaged, that is, the vehicles themselves will be mortgaged to obtain car purchase loans and mortgage vehicle loans. In this case, the installment car purchase will be equipped with GPS.

Process of applying for a car loan

1. Prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to the bank, fill out an application form and a contract.

2. Wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If the loan is unsecured, there is no need to sign such a contract.

3. Banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.

4. The borrower pays the down payment to the car dealer, and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.

5. In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and other procedures.

Extended data:

First, the conditions for applying for a car loan

1. The buyer must be at least 18 years old, with valid identification and full capacity for civil conduct.

2. Can provide fixed and detailed proof of address.

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.

Second, apply for auto loan materials

1. Original ID card, household registration book or other valid proof of residence, and provide its copy.

2. Proof of occupation and economic income

3 car purchase agreement, contract or letter of intent signed with the dealer.

4. Other documents required by the Cooperation Organization.