Generally speaking, the car bought by loan cannot be transferred before the car loan is paid off, because the car is mortgaged to the lending institution. If the vehicle is to be transferred, the creditor's consent must be obtained.
Because because the vehicle is in the repayment cycle, it cannot be traded and purchased, and obviously it cannot be transferred. The only solution is to pay off the loan in advance, and then go to the relevant departments to handle the transfer formalities with the repayment list.
According to the regulations of the central bank, the benchmark interest rate is implemented for auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans and becomes an important factor in determining whether people lend.
How to calculate the car loan interest rate
Calculation formula of monthly car loan: a = p (1i) [(1i) n-1]/n 2/i.
A: Monthly contributions.
P: total donations
I: monthly interest rate (annual interest rate/12)
N: Total months of contribution (year × 12)
Can the loan car be transferred to others?
Pacific Auto Network does not allow it. You can't transfer the car during the mortgage period. The reason is very simple, because when handling car loans, car property rights have been transferred to lending institutions. In the future, there will only be the right to use the car, not the right to dispose of it. Only after paying off all the loans, including the principal and interest, will the property right of the car be returned to us again. Therefore, the car cannot be transferred when mortgaged, let alone bought or sold.
Automobile mortgage processing flow:
1. Apply for a loan: the borrower fills in the loan application form and provides relevant information.
2. Loan review: After receiving the borrower's application and the materials that meet the requirements, the bank will review the credit standing, repayment ability and authenticity of the materials of the borrower and guarantor according to the regulations, and make a reply after the review.
3. Signing: After the bank approves the loan, the borrower goes through the following procedures:
(1) Banks sign loan contracts and guarantee contracts with borrowers, and go through notarization, mortgage registration, insurance and other related procedures.
(2) Lending: After the borrower completes the relevant procedures, China Merchants Bank will pay the loan to the borrower's personal account according to the borrower's entrustment and transfer the loan to the relevant payee's account.
(Photo/Text/Photo: Pacific Auto Network Lin Ying 1)
Is it a gift to transfer the car to a friend for help?
This is not a gift. According to the relevant information, as long as you can repay the loan on time and then transfer the vehicle back, there is actually no problem. It is best to ask professionals to take notes on the spot when negotiating.
What does the vehicle transfer loan mean?
Vehicle transfer loan means that when a customer buys a car loan, he first transfers the car to the loan company, gets the loan, and then pays off the money on time, and then transfers the car back. In fact, it is a change of ownership. The car is not yours before the payment is made, so the customer should be careful when handling it and read the relevant agreement carefully.
Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio between the loan amount and the principal paid by the bank to consumers, that is, borrowers, for purchasing their own cars. The higher the interest rate, the greater the repayment amount of consumers.
Personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan. The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different. In addition to the above fees, personal auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits. And credit cards, car loans. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records.
How to transfer a car by loan:
First, we must ensure that the loan can be paid off. After the loan is paid off, it will take about 10 working days to go to the bank that handles the car installment payment to understand the mortgage procedures. If it is a credit card car installment, it is best to call the bank's customer service phone in advance to check whether it has been settled in full. The customer service phone number can be found on the back of the repayment card. For car loans handled by financial companies, you can call the customer service phone number of the financial company you belong to.
Second, to get the motor vehicle registration certificate, I must hold an ID card to get it. Other possible procedures include motor vehicle driving license, bank repayment details and so on.
Third, go to the local vehicle management office for cancellation of vehicle mortgage. The required materials include motor vehicle registration certificate, loan settlement certificate issued by the lending institution, lender's organization code certificate, motor vehicle mortgage registration/pledge filing application form, power of attorney, and motor vehicle owner's ID card.
How to transfer the mortgaged car to someone else's name to continue repayment?
You can contact the seller first, then negotiate with the seller to let the seller repay the remaining loan first, then get back the motor vehicle registration certificate, vehicle certificate and car purchase contract from the bank, and then drive to the vehicle management office for transfer. This way is the best way to ensure the rights and interests of buyers and sellers.
Extended data:
Loan means that banks, credit cooperatives and other institutions lend money to units or individuals who use money, and generally agree on interest and repayment date. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.
Car loan refers to the loan that the lender can grant to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.
The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct. The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.
According to the regulations of the central bank, the benchmark interest rate is implemented for auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans and becomes an important factor in determining whether people lend.
The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. Generally, customers with excellent conditions can enjoy the benchmark interest rate or float down 10%, while ordinary customers need to float up 10% on the basis of the benchmark interest rate.
This concludes the introduction of car transfer to others and car transfer to others. I wonder if you have found the information you need?