According to the provisions in the Measures for the Administration of Automobile Loans, the loan amount of the lender shall not exceed 80% of the price of the car purchased by the borrower; The amount of second-hand car loan shall not exceed 70% of the price of the car purchased by the borrower, that is, the minimum down payment for buying a new car and a second-hand car is 20% and 30% of the price of the car purchased respectively.

At present, there are two main ways of handcart loan, one is ordinary bank loan, and the other is auto finance company loan. Both have their own advantages and disadvantages, and the down payment of used car loans is not uniform.

The down payment of auto financing companies is generally low, generally 20% can be settled, and even some loans have down payment of 0. Of course, there are many risks, and the pressure of repayment will increase a lot. The process for auto financing companies to apply for second-hand car loans is also very simple, and the handling is relatively loose, as long as they show their ID cards, household registration or permanent residence certificates issued by the property, real estate licenses, monthly income certificates, etc.