2. Proof of repayment: To buy a car by stages, you must have a stable source of income and need to provide your own running bill for three to six months. Note: In general, the monthly contribution will not exceed 60% of the total disposable income of the family.
3. Personal data: household registration book, guarantor's ID card, housing certificate and personal income certificate. All documents must be originals and copies. You usually need to prepare two copies.
4. During the loan period, it must be insured by an insurance company recognized by the bank at one time.
5. The third-party natural person shall provide guarantee for repayment of loan principal and interest. Note: Husband and wife cannot guarantee each other.
6. Contract signing: notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures. Sign a vehicle loan mortgage contract, one for the bank and one for the buyer; You also need to sign a car sales contract, one for the car sales company, one for the car buyer and one for the bank.
7. Loan: The bank issues loans, which are directly transferred to the account of the car dealer.
8. Handling car pick-up procedures: the car buyer will pay the down payment to the car dealership, and handle the car pick-up procedures and licensing with the passbook and the car pick-up note issued by the bank. Then hand over the vehicle production certificate, invoice, insurance policy, driving license, ID card and household registration book to the bank. After the mortgage, the bank will return the driving license and ID card account book.
9. Precautions: Before handling installment payment, communicate with banks and distributors. Before buying a car, you must carefully check the signed contract, especially the key information such as interest, monthly payment, repayment period and additional conditions, so as not to fall into the scam.