Why can't I apply for a car mortgage? There are several reasons!

Cars can not only be used as a means of transportation, but also help users solve the financial problem. Now there are many institutions in the market that can provide mortgage services, and not everyone can apply for a loan successfully. Today, let's introduce why you can't apply for a car mortgage.

1, local car

Buying a car now is a very simple matter. Many foreigners work locally and drive cars with foreign license plates. For lending institutions, foreign cars are risky to mortgage, and even if they can, they only accept mortgage loans. Therefore, if a foreign license car owner applies for a loan, it is best to consult the relevant threshold first. If you don't meet the requirements, you can't apply successfully.

This car has been used for too long.

If the car is too old, it will affect the realized value of the car. After all, the newer the car, the shorter the driving time and the higher the discount value. At present, many car loan agencies only accept vehicles under 5 or 6 years old as collateral. If your car is used for too long, it is likely that you will not be able to apply for a car mortgage.

3. Subprime mortgage loan

If your car has been mortgaged, it will be difficult to mortgage it again, because collateral is easy to appear and the price of the car will change with the market and time. The amount of secondary mortgage is very low, and some of them are not enough for re-mortgage.

4. Lack of personal qualifications

Although automobile mortgage does not require high credit information, it will also refer to income, credit information and other assets of the work unit. If the qualifications are too poor, it is easy to cause the loan application to fail. Suggest another institution to try again.

By the way, I'll tell you how to apply for a car loan.

Buying a car with a loan is now the choice of many friends. Buying a car is good, but applying for a loan is worrying. Many people have hit by mistake and can't buy a car. So what are the reasons for the failure of loan to buy a car, and what are the solutions? Please continue reading.

Causes and countermeasures of failure in loan to buy a car

1. does not meet the requirements of lending institutions, resulting in loan failure.

Solution: Generally speaking, there will be more requirements for banks, but it will be much easier for loan companies or intermediaries. If this one doesn't work, change it.

2. Low income leads to loan failure.

Solution: The reason why the loan to buy a car fails is that the income is too low or unstable, so you need to find a local guarantee company or loan intermediary to handle it directly, which can improve the possibility of obtaining a loan. In addition, it is also a good idea to find an auto financing company.

3. Bad credit leads to loan failure.

Solution: This is troublesome, but you can go through some formalities in the middle through the loan intermediary, and the borrower may get a car loan. However, it should be noted that the worse the credit status, the less likely it is to get a loan and the higher the cost.

Why can't I apply for car loan? We can find the reasons from these aspects.

Buying a car with a loan can not only relieve the borrower's financial pressure, but also add icing on the cake to personal credit, which can be described as killing two birds with one stone. However, not everyone can apply for a car loan. After the application is rejected, many people will have such doubts: Why can't my car loan application come down? In fact, we can find the reasons from these aspects.

1, the borrower's qualification does not match.

When issuing loans, banks will focus on the qualifications of borrowers, such as age and loan term of no more than 65 years old, otherwise they will be refused loans. It is also more important for borrowers to maintain good personal credit. After all, the preservation time of bad behavior has been extended from two years to five years. Therefore, if the bank finds overdue or other dishonest behavior when inquiring about the borrower's credit report, then the probability of refusing to approve the loan is great.

2. The application materials are untrue.

In order to get a more comprehensive understanding of borrowers, banks generally require borrowers to submit some personal information when applying for loans, and take it as an important reference factor for approving loans. Therefore, many users will optimize their information in order to successfully apply for loans, but when the bank verifies, it will find that the information submitted by the borrower is inconsistent with the facts, thus refusing to approve loans for users to avoid lending risks.

3. Insufficient repayment ability

Repayment ability is an important condition for banks to decide whether to approve loans. If the borrower has strong repayment ability, the bank will agree to grant the loan more easily. On the contrary, if the borrower's repayment ability is weak, the bank will not agree to grant the loan. If you want to apply for a loan successfully, the borrower's monthly income must be at least twice the monthly repayment amount in order to successfully pass the loan approval. Of course, you can also improve your success rate by reducing the loan amount or extending the repayment period!

What if I can't pay the loan after paying the down payment on the car? Try this solution.

Many people want to buy a scooter, but they don't have enough money and have to borrow money. Loans with long term and large amount, such as car loans, require down payment before loans, but the question is whether the down payment can be approved. So what if I pay the car down payment and still can't pay the loan? Let's see how to solve it.

What if I can't pay the loan after paying the down payment on the car?

If the car loan can't come down, 4S stores will generally let other lending institutions re-apply for loans. Many 4S stores will cooperate with many banks and auto financing companies at the same time. Different lending institutions have different requirements, but before re-lending, we must clearly know what is wrong so that the loan will not be approved.

Usually, most of the reasons are that the qualifications of lenders are not up to standard. For example, many lenders have poor credit information, or insufficient repayment ability, or the information submitted is not very comprehensive, so there is no way to apply for car loans, which must be solved according to the situation.

For example, if the credit is not good, for example, if it is overdue at present, it is necessary to pay off the arrears. As long as it is not overdue for three consecutive times or six times in two years, there is still a chance; If the repayment ability is insufficient, the debt can be reduced by repayment or the income can be increased by the same loan; If the information is incomplete, it depends on what information is missing.

However, it does not rule out that the lender's credit conditions cannot be improved in a short time. No matter which lending institution handles the car loan, it will be rejected. If there is no way to solve this problem, the lender will find a 4S shop to get the arrears and the deposit paid before.

Note that it is the lender's fault that the loan is not approved, and the lender needs to bear certain liabilities for breach of contract, depending on the loan contract. If the loan contract stipulates that the lender unilaterally defaults to pay a certain percentage of liquidated damages, the money shall be deducted from the down payment and returned to the lender; If there is no agreement, you can generally refund all the down payment and deposit.

What should I do if I pay the down payment for a car and still can't pay the loan? I hope it will help everyone.

I wanted to apply for a car loan, but the bank refused to approve it. What is the reason?

1, Borrower's qualification does not match: When approving the loan, the bank will focus on the borrower's qualification conditions, such as age, loan term not exceeding 65 years old, etc. Otherwise, the loan will be refused. It is also more important for borrowers to maintain good personal credit. After all, the preservation time of bad behavior has been extended from two years to five years.

2. Unreal application materials: In order to have a more comprehensive understanding of borrowers, banks generally require borrowers to submit some personal information when applying for loans, and use it as an important reference factor for approving loans. Therefore, many users will optimize their information in order to successfully apply for loans, but when the bank verifies, it will find that the information submitted by the borrower is inconsistent with the facts, thus refusing to issue loans to users to avoid the risk of lending.

3. Insufficient repayment ability: repayment ability is an important condition for banks to decide whether to issue loans. If the borrower has strong repayment ability, it will be easier for the bank to agree to issue loans. On the contrary, if the borrower's repayment ability is weak, the bank will not agree to issue loans.

Extended data:

Precautions:

Generally speaking, to apply for a loan from a loan company, you need to bring the following documents: personal identity card, marriage certificate, work certificate, income certificate and other necessary supporting materials. I suggest you check these documents carefully before you go out. In order to avoid running back and forth because of backwardness, and then wasting time and energy.

Before signing a formal auto loan contract, the borrower must carefully check every clause in the loan contract. Because most loan companies now provide printed format contracts, their credit managers will not introduce the loans in detail one by one, but only focus on them, which may lead to the intentional neglect of some terms, so applicants must study them one by one and regret it until they formally sign the contract.