Buying a car and writing a name, installment payment can't be someone else, because pledge is needed, and the property right that provides pledge can only be the lender. Car mortgage loan, that is, vehicle mortgage loan, refers to taking the vehicle as collateral to ensure the repayment of the loan. If the loan cannot be repaid at maturity, the bank may apply to the court for auction or sale of the vehicle, and the auction money will be repaid first.

What are the basic conditions for buying a car with a loan?

1, aged above 18 (inclusive), is a natural person with full capacity for civil conduct;

2, a stable and legitimate source of economic income, with the ability to repay the loan principal and interest on schedule;

3. Personal credit is good, and there are no bad records or serious negative information in the credit report (banks and auto consumption finance companies will mainly inquire about the credit information of customers in the past two years);

4. There is a certain amount of self-owned funds to pay the down payment of the car (not the funds from loans, nor the funds paid by credit cards), and the down payment ratio is generally around 20% or 30% of the total car price, usually not less than 20%.

Legal basis: Article 12 of the People's Bank of China Law of the People's Republic of China.

If the loan cannot be repaid on schedule within the loan extension period, the borrower shall apply to the lender for loan extension before the loan maturity date. Whether the extension is decided by the lender. When applying for extension of secured loan, mortgage loan or pledged loan, the guarantor, mortgagor and pledgor shall also issue a written consent certificate. If there is an agreement, it shall be implemented in accordance with the agreement.