Mainly car loan bank fees and financial loan interest, as well as commercial insurance according to the loan term.

The cost of buying a car with a mortgage loan will definitely be higher than a one-time payment. In addition to interest and deposits, the cost of insurance will be higher. However, if half of the cash in the one-time payment is used for loan to buy a car and half for investment, it is also a more cost-effective behavior to have a car and realize asset appreciation.

Car loan operation process:

First, the customer submits a mortgage application to the car dealer, and then the guarantee company requires the customer to prepare personal data according to relevant regulations.

These materials include: ID card, income certificate, marriage certificate, and copy of residence certificate (household registration or temporary residence permit, etc.). ), house property certificate, driver's license. If the owner is an employee of a state-owned enterprise, a copy of the work permit is required. If the owner is an individual and private household, copies of business license, tax registration certificate, organization code certificate and other relevant documents are also required. Of course, you also need a guarantor with a local account.

After the information is fully prepared, the guarantee company will make a door-to-door investigation and report it to the bank after confirming the truth.

Finally, banks sign loan contracts with customers.