What are the risks of using your own name to lend money to others to buy a car?

The risks of using your own name to lend others a car to buy a car: The first risk is that if the other party does not repay the loan, you will be The debtor bears all debts incurred; the second risk is that if the other party's driver causes a traffic accident, you will bear all liabilities arising therefrom.

Generally speaking, if it is a very familiar relative or friend, there will be no problem. It means that the vehicle owner and the lender are not the same person. For example, if your father is a national civil servant, the loan approval process is fast, and the credit limit is high, he can buy a car with a loan, and the car owner will be written in your name. And during the loan period, the car is nominally yours, but it should actually be regarded as your mortgage to the bank. Just like many people ask whether you can buy a car without a driver's license, the owner of the vehicle does not have to have a driver's license, as long as the driver has one.

The risk of car loans arises faster and higher than that of home loans. The release of the risk content of car loans has revealed the default rate of banks. The ultimate victim of bad debts in car loans is the bank itself. Faced with the ruthless risks of car loans, Banks had no choice but to bear all the losses from bad debts. The emergence of a large number of car loan risks caused banks to raise the threshold for car loans to varying degrees and tighten the approval of car loans.

What are the risks of helping others borrow money to buy a car?

It may affect your personal credit. May be held liable for vehicle accidents. If you meet someone asking you to help him apply for a loan to buy a car in the name of a friend, you must carefully consider whether to agree. It's best to deny the request. If you really can't disgrace your friend and decide to help him apply for a loan to buy a car, you must first sign an agreement. Clearly define your and his rights and obligations.

1: Car loan refers to a loan granted by a lender to a borrower who applies to purchase a car. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loans refers to the ratio of the loan amount to the principal issued by banks to consumers, that is, borrowers, for the purchase of self-use cars (non-profit family cars or commercial vehicles with 7 seats or less (inclusive)).

Two: The term of automobile consumer loans is generally 1-3 years, with a maximum of no more than 5 years. Among them, the loan period (including extension) of second-hand car loans shall not exceed 3 years, and the loan period of dealer car loans shall not exceed 1 year. The borrower must be a permanent resident of the location where the lending bank is located and have full civil capacity.

Three: Personal loan car purchase business is divided into three types: direct customer type, indirect customer type, and credit card car loan. The direct customer type is generally a bank car loan where the customer meets directly for the loan, and the indirect customer type is generally a car finance company car loan where the auto finance company transfers the customer to the customer. For direct bank car loans, the fees collected are deposit, principal and interest, 3% guarantee fee, etc. The fees for high-quality bank customers will be discounted, but each bank's preferential policies are different.

Four: In addition to paying the above fees, the car loan of Jianke Auto Finance Company also needs to bear supervision fees, fleet management fees, and warranty renewal deposits. Another option is credit card car loans. Credit card installment car loans only Installment payment is not available under any conditions for bank credit card users. There is also an review process. It is difficult for credit card users with bad credit records to apply.

Five: Whether to get a loan to buy a car depends on the car owner’s financial situation. When asked about the pros and cons of buying a car loan, most car dealers are somewhat evasive. They believe that taking out a loan to buy a car will not only allow citizens with insufficient funds to buy a car of their choice in advance, but also allow some citizens who have sufficient funds but have other uses to free up some of the funds that would have been used in the car price for development. . However, the resulting interest and additional charges are ignored.

Six: When making a car loan, the most important thing is to shop around. Consumers should choose a formal car loan service company with certain qualifications and strength, which is not only standardized in terms of services and fees, but also No hidden dangers will be left for you.

If you help someone else get a loan to buy a car, is the 4S store responsible? What should I do?

You want to ask if you are helping someone else get a loan to buy a car, is the 4S store responsible? The 4S store has no responsibility for helping others get a loan to buy a car.

If you help someone else get a loan to buy a car, the lender is you and the car is registered in your name. No matter what, you cannot be completely exempted from liability. No matter how perfect the exemption clause is, it may not be recognized by the law. , buying a car with a loan has nothing to do with the 4S store.

Buying a car with a loan refers to a way to buy a car by borrowing a car consumer loan from a bank. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers.

What are the consequences of helping someone get a loan to buy a car? There will be these risks

Some people want to buy a car, but their comprehensive qualifications are not very good and cannot pass the review of banks or auto finance companies. At this time, some people will choose to find someone to help them get a loan to buy a car. So for the person who helps, what are the consequences of helping someone get a loan to buy a car? Is it really enough for me to just put my name on it? Let’s find out together.

What are the consequences of helping someone get a loan to buy a car?

1. The borrower’s personal credit report will be affected

It is said that it is a loan to help someone buy a car, but as long as your name is signed on the loan contract, the loan requires a signature. Even if someone else is driving the car, if the real owner fails to give the money to the borrower in time and the repayment is overdue, the bank will only look for the borrower who signed the contract and will not look for the real owner of the car if the payment is overdue. There will be a bad credit record on your credit report. If you don't repay your car loan for a long time, you will become a credit blacklist.

Obviously it is not your own car and you do not use it, but because you helped others get a loan, your credit report has deteriorated. If you want to apply for a car loan in the future, you may be directly rejected by the bank.

2. If a vehicle accident occurs, the borrower needs to bear the responsibility

Because you need to sign for a loan, and your name is also written on the vehicle registration certificate, so in name, this The car belongs to the borrower. Even if someone else is using the vehicle and an accident occurs, the borrower still needs to bear responsibility, because if someone else evades responsibility, the police will only check the owner on the vehicle registration certificate, and the borrower cannot prove his or her innocence.

If you want to reduce your responsibilities, you can sign a car rental contract with the real car owner, which is equivalent to leasing the car to the car owner, and he will pay the monthly payment to the borrower every month, just write It is obviously the rent. After an accident, the renter will bear the corresponding responsibility for the car. When the loan is settled, the vehicle will be released from the mortgage and the car will be transferred to the real owner.

I believe everyone has understood the consequences of helping others borrow money to buy a car. The risks are very high. If a person cannot be recognized by a bank or other lending institution, it means that there is a problem with his qualifications, he is a high-risk person, and he cannot meet the deadline. To repay the loan, rushing to help in this situation can easily cause harm to yourself.