Precautions for loan car purchase: 1, interest-free car loan ≠ no handling fee. At present, some dealers have introduced interest-free car loans to attract customers. The actual discount may not be as affordable as expected, because they will charge a certain handling fee while being interest-free. The cost of this procedure may be similar to the interest. When buying a car, you should carefully identify the actual situation. If the price of a new car is 200,000 yuan, the loan amount is half, and the handling fee is 5%, even if the interest is exempted, it needs to pay 5,000 yuan more than the full car purchase, which needs to be paid together with the down payment. If you buy an interest-free and fee-free model, it is relatively affordable. 2. Need to buy auto insurance Because the car owner does not belong to the individual consumer completely before the loan is settled, in order to reduce the risk, the dealer will generally put forward some auto insurance that must be purchased as the loan condition in the car loan contract. Generally speaking, when buying a car with a loan, the dealer will at least ask consumers to buy four main insurances in the store. For a car of 200,000 yuan, the insurance cost is about 1 10,000 yuan. Brother Che reminded us that when handling car loans, we must read the relevant insurance clauses carefully. 3, can not enjoy other benefits Many stores will not be able to enjoy other preferential policies in the store when launching interest-free car loans. If you buy a car at a preferential price, the preferential strength of the loan car purchase will generally not be as obvious as when you buy it in full. In order to make up for the labor cost of the store when handling the loan car purchase process, you can't enjoy other preferential policies after choosing the loan car purchase. 4. Negotiate the termination agreement before handling the mortgage. In the process of applying for a mortgage, car buyers may encounter the situation that the loan is rejected or the funds are put in slowly because of the unsuccessful audit. In the agreement signed by the dealer, it is generally indicated whether the deposit will be refunded. When signing a contract, you must pay attention to the refund method, date and amount. 5. Confirm the repayment time and amount. Consumers need to confirm the repayment time and minimum repayment amount after determining whether they are repaying with equal principal and interest or with average capital, so as to avoid increasing the repayment cost due to unsuccessful regular deduction. If the payment date exceeds three days, the corresponding financial institution will urge the owner to repay, and at this time, additional communication fees, interest and other funds will be generated. 6, the low monthly supply seems to be cost-effective, or pay more attention.
Second, what should I do after the mortgage car pays off the loan? What should I pay attention to?
Four things to do:
The first is the registration certificate. When your car loan is paid off, you must take your ID card and the certificate to prove that you have paid off the loan to get the registration certificate. If you handle it in a 4S store, please go to the 4S store. Please go to the bank to handle it. In fact, these are all handled by financial companies. We also need to see if there is a time limit under the insurance policy. If so, please follow the rules.
The second is to consult repayment. When reconfirming that the car loan has been repaid, you should go to a place where you can borrow by installments. If you can't get it, what you mortgaged becomes their thing. What should I do after paying off the car loan? These four things are indispensable, or you will buy a car. Nothing! When you pay back the car loan, you must make sure that there are still several installments. Don't give more. There are some disturbing people and it will be added to you. In this way, if you can't find it, you have to pay again.
The third is the release procedure. Do these four things well after paying off the car loan, especially the third thing. If you don't do this, you will buy someone else's car! That's all that matters. You have no right to control your car. If the mortgage is not released, the car is still someone else's. If you don't have a general understanding of this, you can learn more information and don't spend your own money to buy a car for others.
The fourth is the modification of the beneficiary. When you guarantee everything you have done before, you need to change the beneficiary at this time, because the beneficiary is a lending institution. If your loan is repaid, you must change the beneficiary to yourself. If you don't change yourself, the car under your name won't be yours.
Matters needing attention:
When the mortgage car has been repaid, the repayment should be reconfirmed in time to avoid the situation that the repayment has not yet arrived. It should be noted that after the vehicle is mortgaged, the owner can restore the vehicle registration form.
After repaying the car loan, the borrower needs to apply for the loan settlement certificate at the loan bank or lending institution and return the mortgage car registration certificate.
After recovering the vehicle registration certificate, you should also bring your personal ID card, loan settlement certificate, vehicle registration certificate and other materials to the local vehicle management office for release procedures. After all, if you don't cancel the mortgage, the car can't belong to you completely.
We should also note that before the car loan is repaid, the first beneficiary of the car is usually the lending bank or institution, not the borrower himself. Therefore, the owner needs to change the automatic first beneficiary to himself after paying off the car loan.
If the customer has any questions during the formalities, such as not knowing the specific process steps, what materials need to be prepared, etc., he can directly call customer service and consult the loan bank or lending institution and local staff. Vehicle management office The staff will also help when going through the formalities. "
Third, what are the risks of helping others borrow money to buy a car?
Helping others borrow money to buy a car will affect personal credit.
Nowadays, more and more people borrow money to buy cars. Some people may not be able to borrow money to buy a car because of personal credit problems, so they will ask friends to help them borrow money to buy a car, which will affect their personal credit. Because if you help others get a loan to buy a car, the loan is applied in your name, so if others don't repay the loan for the time being, the bank will not ask the other party for collection, but directly ask you for collection.
And if the repayment is not timely, your credit will be affected, and the overdue bad credit record will be recorded in your credit report.
Matters needing attention in helping others borrow money to buy a car:
Help others get a loan to buy a car. The car belongs to you in name. And when someone else drives a car bought with a loan in your name and has an accident, you will be jointly and severally liable. After all, if something goes wrong, the first person to find it is the owner.
It can be seen that the risk of helping others borrow money to buy a car is great, so if a friend asks you to help him borrow money to buy a car, you must carefully consider it and it is best to refuse his request. Even if you decide to find someone else to borrow money to buy a car, you should sign an agreement with the other party to clearly stipulate the rights and obligations of both parties.