After the down payment is paid, the creditor will go to the vehicle management office to mortgage the vehicle, and it will be fine to borrow the car, usually 2-3 days.

The down payment for a car loan should be paid before the car is picked up:

Usually, the down payment for a bank loan to buy a car is generally 40%

The outstanding loan condition can be 30%

The minimum down payment for auto financing company loans can reach 20%.

Handling process of automobile loan:

First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.

Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If the loan is unsecured, there is no need to sign such a contract.

Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.

Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.