Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require that buyers must pay a certain percentage of down payment and provide proof of repayment ability, and have no bad credit history, and must meet the requirements of financial institutions for loans to buy cars.
Loan method: 1. Apply. After you are optimistic about the vehicle you want to buy, fill out the Application Form for Automobile Consumption Loan and the Credit Status Questionnaire, and submit them to the loan bank together with the relevant certificates of your personal situation.
2. The bank conducts pre-loan investigation and approval. After accepting the loan application, the bank investigates the credit status of the borrower and guarantor. If the loan conditions are met, the bank will promptly notify the borrower to fill in various forms.
3 inform the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures.
4. Bank loan (directly transferred from the bank to the car dealer's account).
5. The borrower pays the down payment to the car dealer, and handles the car pick-up formalities with the passbook and car pick-up slip issued by the bank.
Million car purchase subsidy