Buying a car by loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. 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 car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit records and need to meet the requirements of financial institutions before they can apply for loans to buy a car.

Choose the way of car loan

Mode 1: the customer directly applies for a loan to buy a car at a bank outlet. After the guarantee procedures are implemented, customers can choose dealers to buy cars they are satisfied with.

Mode 2: buy a car in a 4S shop that cooperates with the bank, sign a car purchase contract or agreement with the dealer, and then apply for a loan from the bank through the 4S shop.

Mode 3: apply for unsecured personal credit loan, and the bank directly lends full amount to the 4S shop to buy a car. Choosing a loan to buy a car carefully is the most important step in the process of buying a car with a loan.

Mode 4: The customer applies for a loan to buy a car through the financial outsourcing website, the financial institution handles the intermediate process, and the bank approves the loan, which is a direct car loan.

What are the common ways to buy a car with a loan? Mainly these kinds!

It is not difficult to own a car now. As long as you pay a certain down payment and repay it on time every month, you can easily get the car. So what are the common ways to buy a car by loan? Let's get to know each other.

I. Bank loans

This is the most traditional loan method. The advantage of bank car loan is low interest rate, but the disadvantage is complicated examination and approval procedures, high qualification requirements for lenders and complicated loan process.

Second, credit card loans.

Compared with bank loans, credit card loans do not need to mortgage vehicles, and vehicles can buy and sell their own transactions without loan restrictions.

Three. Automobile manufacturer finance company loan

Generally speaking, the finance companies of automobile manufacturers lend money to users through the finance companies established by automobile brands. Compared with traditional bank loans, the interest rate is slightly higher, but the approval speed is fast and the qualification requirements for lenders are not high. In addition, auto brand finance companies will do some activities from time to time, and the manufacturers will lend money after discounts. In this case, the interest rate will even be lower than that of traditional banks.

Fourth, Internet financial loans.

Internet finance is one of the popular loan methods in recent years. Compared with other channels, their credit process is the simplest and the approval speed is the fastest, but the disadvantage is also obvious, that is, the interest is higher.

Verb (abbreviation of verb) financial lease

Auto financing lease means that the user signs a lease contract with the financing leasing company, and the full amount of the car purchase is borne by the financing leasing company. Therefore, the ownership of the car belongs to the financing leasing company, and the user needs to pay the rent for the car used by the financing leasing company every month, and then transfer the vehicle to the user after the lease expires.

What are the methods of car loan? There are mainly these kinds!

Cars have become an important means of transportation for people to travel. Many people plan to buy their own cars. There are several different ways to borrow money to buy a car now. Today, I will take stock of several channels of car loan, hoping to help everyone.

1. What are the methods of auto loan?

1, bank car loan

Bank car loan is a common way to buy a car, because it has low cost, low interest and good safety, but its disadvantages are strict examination, difficult repayment and relatively fixed amount.

2, credit card installment car purchase

You can enjoy a certain interest-free period when buying a car with a credit card. Cardholders can comprehensively consider their own credit card issuing bank activities, car models and other factors. It should be noted that there is a certain installment fee for buying a car with a credit card.

3. Auto financing company loans

Auto financing companies have higher loan flexibility and faster lending time. But the disadvantage is that the loan interest and handling fee are much higher than the bank car loan, so everyone still needs to consider it carefully before handling it.

Second, the car loan matters needing attention

1, interest-free period

Many friends will be attracted after seeing the interest-free period. I don't know if there is a routine. Generally speaking, the interest-free period is fixed. The previous year is interest-free, and there will be high interest charges, not interest. In short, wool comes from sheep.

2. Bundle sales

Many times, car buyers will be asked to buy insurance, licenses and so on. In the shop, there is a certain profit difference between them. Therefore, before handling the car loan business, we must have a basic understanding of these, so as to minimize our borrowing costs.

What kinds of installment payment are there for buying a car?

There are four ways to buy a car by installment: 1 credit card installment, 2 bank installment, 3 auto financing company installment, 4 guarantee company installment and so on.

1. For the bank loan business with high threshold, car loan is not very popular with banks at present. If you need to apply, you need to provide collateral, but with the rapid depreciation of cars, the possibility of cars as collateral is getting smaller and smaller.

2. Credit card installment loan is not so complicated, but credit cards have higher credit requirements for customers, and not all models are suitable for credit card installment loan. First, the customer must have a bank credit card, and then choose a car that can be purchased by credit card. They still need to fill out some forms and submit the corresponding materials before they can get the car.

3. installment payment of auto financing company is a convenient way to handle it. In addition to submitting certification materials, it is also necessary to sign certain contracts with financial companies, and some financial companies will bundle insurance.

How many ways are there to buy a car with a loan?

The first type: bank car loan is actually a financial source. Com experts said that there are two main types of car loans that banks can provide: one is direct customers, that is, individuals take the initiative to apply for loans from banks, which are personal consumption loans; The other is guest-style, that is, car buyers choose banks that cooperate with 4S stores to apply for loans, which can generally be obtained through car loans or credit card car loans. This kind of loan is mainly suitable for borrowers with good personal credit, stable work and income, and guarantees and collateral. Experts say that car loans are made through banks. Usually, for new cars, the maximum loan amount does not exceed 80% of the car price. If it is a bank car loan or personal consumption loan, the borrower's income, collateral and other assets will be required to have certain proof. The longest loan period is 5 years. In addition to credit card car loans, banks usually have no requirements for loan models and support multi-model and multi-brand loans. \ The interest rate of buying a car through bank consumption loans is basically the same as that of special car loans, and most of them fluctuate on the basis of the benchmark interest rate of personal loans of the central bank, generally between 0 and 30%. Credit card car loan is pure credit, without guarantee, and the loan procedure is simple, but there are restrictions on cooperative models. Credit card car loans usually do not require loan interest, but they have to pay a considerable handling fee. The second type: auto financing company loan \ It is reported that auto financing company loan is a new way of auto loan in recent years, and auto financing companies are mostly established by cooperation between auto manufacturers and financial institutions. General auto dealers will provide customers with auto financing company loan services. Loans can often be handled in 4S stores, which is very convenient and the lending speed is relatively fast. Under normal circumstances, a loan of 80% of the car price can be provided. \ Auto financing companies have various repayment methods, which are suitable for different groups of people. At the same time, there are more flexible ways of credit granting and installment repayment. However, since auto financing companies are initiated by automobile manufacturers, most auto financing companies are limited to a single automobile brand. The third way: other ways of car loan \ In addition to the above two ways, there are other ways of loan, including companies, guarantee companies, pawn shops, P2P loans and so on. General car buyers will use it in the following three situations: (1) an auto financing company without a small brand car; Personal credit does not meet the application conditions of banks or auto financing companies; People who buy cars don't have enough down payment. However, these methods all have access fees, and the loan interest rate is higher than the above two main methods.

The introduction of the loan method for buying a car ends here.