Is the mortgage risky?
The complementarity of risk and income is the eternal law of the loan industry. In the eyes of lending institutions, the sense of security is not very strong because the car is not in hand. Therefore, based on the traditional vehicle mortgage method, interest rates and prices are often raised to make up for the loss of safety.
Take car loan as an example. The monthly management rates of mortgaged vehicles and vehicles with non-stop mortgage procedures are 3.5% and 5% respectively, and the one-time charge is 2%. Suppose the loan is 50 thousand, and it will be paid back after half a year. The capital cost of the former is 1. 1.5 million yuan, while the latter is 2800 yuan more, which is 1.43 million yuan.
At present, banks don't accept automobile mortgage because cars wear out quickly and depreciate quickly. Therefore, the borrower who needs to apply for a car mortgage can only find a local formal loan company to operate, but when looking for a loan company to apply for a loan, the borrower must remember: don't pay any fees before getting the loan funds to avoid being cheated!
When applying for automobile mortgage, the borrower must have a clear understanding of the loan requirements in order to be seated properly. At present, the mortgage loans of general loan companies are only for private cars, and the procedures must be complete. The borrower must be able to repay the loan in full and on time and have a good credit record.
Million car purchase subsidy