In recent years, the car price has been decreasing by about 10% every year. Loan to buy a car, two years later, the car price is upside down, but the car loan is "higher" than the market price. In addition, the audit of loan to buy a car is strict, which requires certain necessary conditions and makes people flinch.

Loan to buy a car:

First of all, we need to book a car before the loan process, and negotiate with the sales staff of 4S stores about specific preferential policies, including car price concessions, giving or buying decorations, and other expenses. These must be determined first and a car purchase contract signed. Because there are some differences between buying a car by loan and buying a car in full, you should ask carefully during the negotiation stage.

Second, submit the loan procedures. At present, loan procedures are generally divided into two types. General loan needs: identification of husband and wife (ID card or temporary)

ID card), driver's license (I or my spouse, student ID card, driving school certificate, driving school invoice), marriage certificate (marriage certificate, divorce certificate, single certificate), real estate license (real estate license, purchase contract/invoice, village committee homestead certificate, etc. ), proof of income (individuals can provide business licenses or project contracting books, etc. ), bank running water (6 months, bank official seal required); It is relatively simple to make a high down payment or a quick loan from individual brand car companies, and generally only one ID card is needed. At present, if you borrow from a bank, it will generally be the first information requirement, and most car companies' own financial companies will generally adopt the latter simple model.

3. Waiting for approval. After the loan procedures are submitted, the bank, the manufacturer's finance or the third-party finance will generally examine and approve the qualifications of the loan applicant. Approval is generally divided into online approval and offline approval. If the online approval is passed, the loan applicant will generally be called to inquire about matters such as car purchase and personal work, and then decide whether to pass. However, if the applicant has good qualifications (such as civil servants, employees of public institutions and people with good personal credit records), it may pass directly and automatically without contacting customers. Offline approval is generally a home visit. The staff of some financial companies actually go to the home or workplace of the loan applicant, but they actually go to check the specific situation. This kind of off-line home visit is generally only taken when the loan applicant's qualification is not very good.

Fourth, pay the down payment. After the loan is approved, we need to pay the down payment to the 4S store first, then the 4S store will issue a down payment receipt, and finally give this down payment receipt to the bank or financial company to wait for the loan.

5. borrow money to pick up the car. After paying the down payment, the bank or financial company will lend to the 4S shop or the loan applicant himself, so that we can invoice the car for insurance normally.

What are the consequences of buying a car with a loan?

Consequences of buying a car with a loan: if you don't pay the mortgage for 3-6 months, you will be detained. There are two most common situations. First, if a month fails to repay on time, the owner still needs to pay a large amount of liquidated damages, which is unreasonable for the owner; Second, after several installments, the guarantee company directly found someone to stop the owner's car on the road and drive away. If the owner wants to get the car back, in addition to paying off the loan and liquidated damages, he has to pay all kinds of expenses incurred by the guarantee company in the process of finding someone to detain the car, which are generally tens of thousands. Different guarantee companies can tolerate different deadlines. Usually, if the 3-6 installments are not returned, the guarantee company will start to detain the car. Everyone wants to drive a high-end car, but even if the bank pays first, it should buy it according to its own economic ability. Because after buying a car with a loan, in addition to repaying the loan on a monthly basis, you have to pay parking fees, maintenance fees, gas fees, handling fees and other car maintenance fees. If a family has a mortgage, it is necessary to weigh income and expenditure.

Advantages and disadvantages of buying a car with a loan

Hello, car loans are very common nowadays. The way to buy a car by loan can be much more favorable, mainly reflected in the loan interest. The lower the interest, the less you pay and the more you save.

Share the knowledge of auto loan with you:

Object of loan: The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.

Loan conditions: the borrower has a stable job, the ability to repay the principal and interest of the loan, and good credit; Can provide recognized assets as collateral or pledge, or a third person with sufficient compensatory ability as a guarantor to repay the principal and interest of the loan and bear joint liability.

Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car.

Loan Term: The loan term for automobile consumption is generally 1-3 years, and the longest is no more than 5 years.

Loan interest rate: uniformly stipulated by the People's Bank of China.

Repayment method: you can choose one-time repayment method of principal and interest and installment repayment method (equal principal and interest, equal capital).

The above is the relevant knowledge about car loan. If you need money to buy a car urgently, I recommend you to use the big platform. For example, the money spent by Xiaoman Finance has a high loan amount, low interest rate and fast loan, which does not affect the car purchase process. Click on the link to test the quota, and you can get up to 200,000 yuan.

I would like to share with you the application conditions for consuming products with money: it is mainly divided into two parts: age requirements and information requirements.

1. Age requirement: 18-55 years old. Special note: if you have money to spend, you refuse to provide installment loans to students at school. If you are a student at school, please give up the application.

Information requirements: You need to provide your second-generation ID card and your debit card during the application process.

Note: the application only supports debit cards, and the application card is also your loan bank card. My identity information needs to be the second-generation ID card information, and cannot be processed with temporary id card, expired ID cards or first-generation ID cards.

This answer is provided by Youhuahua. Due to objective reasons such as the timeliness of the content, if the answer content is inconsistent with the actual interest rate calculation method of Youhuahua loan products, the display on Xiaoman Financial APP- Youhuahua Loan website shall prevail. I hope this answer is helpful to you.