First, the process of buying a car by mortgage

1. The lender submits detailed loan application materials to the bank;

2. The bank conducts a preliminary examination of the application materials submitted by the borrower;

3. The bank conducts credit investigation and customer evaluation on auto lenders;

4. If it passes the preliminary examination and credit investigation of the bank, the loan application is approved;

5. After the customer's qualification and information are approved, you can sign a contract, go through mortgage registration, insurance and other procedures, sign a vehicle loan mortgage contract, one for the bank and one for the customer, and also sign an automobile sales contract, one for the dealership, one for the customer and one for the bank; If it fails to pass the examination and approval, the bank will explain to the borrower;

6. After the loan contract comes into effect, the handling bank will issue the loan, and the whole approval process will take 3-5 working days. The bank adopts the method of earmarking, that is, according to the contract, the handling bank directly transfers the loan to the 4S shop account where the borrower buys the car.

7. Handling car pick-up procedures: the borrower pays the down payment to the car dealer, handles the car pick-up procedures with the car pick-up form issued by the bank, puts on the license, and submits the car license, invoice, insurance policy, driving license, ID card and household registration book to the bank. After the mortgage, the bank will return the driving license, ID card and household registration book.

2. What are the procedures for buying a car by mortgage?

When buying a car by mortgage, the bank requires customers to prepare personal information according to relevant regulations. Including: marriage certificate, identity card, real estate mortgage, mortgage to buy a car (with real estate license as collateral).

Generally, the mortgage loan for buying a car can last for up to 5 years. The down payment for both types of mortgages is above 30%. The interest rate is mainly determined according to your loan type and your personal qualification, as well as the preliminary examination and credit investigation of the bank.

Tip: What is the process of buying a car by mortgage? Buying a car by mortgage is to meet the conditions for buying a car by mortgage first. Therefore, it is necessary to submit loan application materials to the bank. The bank issues loans after preliminary examination and credit investigation, and then the borrower pays the down payment to the car dealer to buy a car. If you have any questions about buying a car by mortgage, please consult an expert.

Flowchart of 4s shop loan to buy a car

Go to the 4S shop to negotiate the car price. At this time, if you ask for a loan, the car price will generally be discounted by 5,000 yuan, but at the same time you need to pay a handling fee of about 5,000 yuan (generally 3% of the loan amount, not 3% of the car price). We must pay attention to this.

When the loan process is decided, it should be indicated in the car booking form that it is a loan to buy a car, and that the loan application failed and the deposit will be refunded.

The 4S shop will apply to the loan bank after your order takes effect and the deposit is credited. The loan bank will generally check with you on the second working day and ask you to provide some materials, such as ID card and income certificate. These can be sent to them in the form of pictures.

In about three working days, the application was passed, that is, the bank agreed to lend money.

After receiving the phone call from the bank agreeing to lend money, you take the materials (those you sent pictures to the bank) and go to the lending bank to apply for a savings card. This card has two functions. First of all, you have to invest money to repay the loan. Second, after the bank lends money, it will first transfer the money to your account and then transfer it to the 4S store immediately.

After completing the card, go to their credit department and sign a formal loan contract in duplicate. At the same time, they will give you a loan agreement and other bank information, which will be used when you go to the 4S store for payment.

Wait for the bus. After the bus arrives at the store, the 4S store will inform you that the bus has arrived. You can bring your identification and materials provided by the bank to the 4S shop for down payment, and check the car at the same time. After checking the car, you can't take it away. They will give you a copy of the certificate, and you should check it with the nameplate information on the car.

The 4S shop will give your car information and your down payment to the bank, and the bank will release the money in about 3 working days.

After the bank lends money, your mobile phone will receive a message: how much money will be transferred to your bank card, and then how much money will be transferred from your bank card immediately.

After receiving this information, you inform the salesperson of the 4S store and ask him to check whether the bank loan has arrived. Generally, it will arrive within half a day, and the fastest is immediately.

After receiving the loan, the 4S shop will inform you to pick up the car. Generally speaking, you can go to the 4S shop to pick up the car the next day.

Extended data:

Matters needing attention in buying a car with a loan:

Buying a car with a loan is all insurance. According to the 4S shop, the loan to buy a car is not yours, but the bank's. The bank needs you to keep the vehicle safe and intact before paying off the loan.

4S stores may install a GPS positioning device in your car in case you run away, which is uncertain.

The 4S shop will urge you to get the license within a time limit, and there will be problems after the time limit.

After obtaining the license, the copy of the vehicle registration certificate and commercial insurance will be handed over to the bank as collateral by the 4S shop.

Some stores will force you to buy insurance in 4S stores during the loan period.

Some informal shops are tricky about interest rates, so we must understand them clearly.

4s shop loan car purchase fee

When signing a car purchase contract with the 4S store, please specify the loan fee and the specific amount of service items with the 4S store.

If the 4S shop can't write this fee into the contract or issue the corresponding detailed invoice, the consumer has the right to refuse to pay the above fee, and can't rush to buy a car and pay this unclear "money".