Some people want to buy a car, but their comprehensive qualifications are not good enough to pass the audit of banks or auto financing companies. At this time, some people will choose to find someone to help them borrow money to buy a car. What will happen to those who help? Is it really just a name? Let's get to know each other.
What are the consequences of helping people borrow money to buy a car?
1. The borrower's personal credit information will be affected.
It is said that it helps people to borrow money to buy a car, but as long as the loan contract is signed in their own name, the loan needs to be repaid by the signatory. Even if someone else drives the car, if the real owner fails to give the money to the person who helps the borrower in time and the repayment is overdue, the bank will look for the signed borrower instead of the real owner. If the borrower fails to repay the car loan for a long time, it will become a credit black account.
Obviously, it's not my own car, and I've never used it myself. However, because I helped others with loans, my credit information deteriorated. If you want to apply for a car loan in the future, you may be directly rejected by the bank.
2. If the vehicle has an accident, the borrower needs to bear the responsibility.
Because people need to sign IOUs and their names are written on the vehicle registration certificate, the car belongs to the borrower in name. Even if someone else has an accident when using a vehicle, the borrower needs to bear the responsibility, because once someone evades the responsibility, the police always check the owner on the vehicle registration certificate, and the borrower can't prove his innocence.
If you want to reduce your responsibility, you can sign a car rental contract with the real owner, which is equivalent to renting the car to the owner. Every month, he will pay the borrower the monthly payment, which means the rent. After the accident, the renter should also bear the corresponding responsibilities. When the loan is settled, the car will be released and transferred to the real owner.
I believe everyone understands the consequences of helping people borrow money to buy a car, which is very risky. If a person is not recognized by banks or other lending institutions, it means that his qualifications are problematic and he is a high-risk group and cannot repay on time. In this case, it is easy to hurt yourself by rushing to help.
What are the risks of helping others borrow money to buy a car?
It may affect your personal credit. May be responsible for the accident of vehicles. If someone asks you to help him apply for a loan to buy a car in the name of a friend, you must carefully consider whether to agree or not. It's better to refuse this request. If you really can't erase your friend's face and decide to help him apply for a loan to buy a car, you must sign an agreement first. Clearly define your rights and obligations with him.
1. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats).
Second, the term of the automobile consumption loan is generally 1-3 years, and the longest is not more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year. The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
Three: Personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan. The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.
Four: In addition to paying the above fees, individual auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits. The other is credit card car loan. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records.
Five: whether buying a car is a loan depends on the economic situation of the owner. When asked about the advantages and disadvantages of car loans, most car dealers are somewhat evasive. They believe that buying a car with a loan can not only enable citizens with insufficient funds to buy their favorite cars in advance, but also allow some citizens with sufficient funds but other uses to free up some funds that would have been used for car prices for development. However, the resulting interest and extra costs have been ignored.
Six: The most important thing in car loan is to shop around. Consumers should choose a regular car loan service company with certain qualifications and strength, which will not only standardize services and charges, but also leave you with hidden dangers.
Can I ask my friend to help me buy a car by installment?
Legal analysis: it is not illegal to help a friend borrow money to buy a car. But it is risky to help others borrow money to buy a car.
The first problem is credit risk. If the lender fails to repay the loan or maliciously overdue, then it is responsible for paying off the loan. If loans overdue, his credit will also be affected. Secondly, if an accident happens, people who lend money to others will also be implicated. In the end, his loan will be affected. For example, if he wants to borrow money to buy a house, but you help others, the bank may take this loan into account when calculating the debt. Lighter will reduce your loan amount, heavier.
So I suggest you think about the consequences before giving others a loan, and don't give others a loan easily.
Legal basis: Article 3 of the General Principles of Loans: The issuance and use of loans shall comply with national laws, administrative regulations and management regulations issued by the People's Bank of China, and follow the principles of efficiency, safety and liquidity.
What are the risks of lending money to others to buy a car in one's own name?
The risk of lending money to others to buy a car in your own name: the first risk is that if the other party does not repay, you will bear all the debts arising from it as a debtor; The second risk is that if the other driver has a traffic accident, all the responsibilities arising therefrom will be borne by you.
Generally speaking, if you are familiar relatives and friends, there is no problem. It is equivalent to that the owner and the lender are not the same person. For example, your father is a national civil servant, with fast loan process and high credit line. You can borrow money to buy a car, and the owner writes your name. Moreover, during the loan period, the car is nominally yours, but it should actually be regarded as your mortgage to the bank. Just like many people ask about buying a car without a driver's license, the owner doesn't have to have a driver's license, as long as the driver has it.
The risk of car loan is faster and higher than that of mortgage. The release of the risk content of car loans makes the default rate of banks appear, and the ultimate victim of non-performing loans of car loans is the banks themselves. Faced with the ruthless risk of car loan, banks have to bear all the bad debt losses, and a large number of car loan risks appear, which makes banks raise the threshold of car loan to varying degrees and strictly approve car loans.