It's reliable, but 4s recommends a good relationship with them, even their own guarantee company, and the cost is relatively high!
In fact, if you buy a car through a bank mortgage loan, you don't need a guarantee as long as you have a house and a stable job.
There is a problem with the loan company that the 4s shop is looking for to lend money. Does the 4s shop have joint liability?
4S stores are not responsible. As a middleman, there is no responsibility. You should judge their qualifications for yourself. According to the situation, there is nothing wrong with your loan, but the salesman didn't deposit the first loan as agreed. You just need to provide evidence and hold the bank responsible.
Is the financial loan of 4s shop reliable?
Reliable. But the interest may be higher.
Loans from financial institutions are loans issued by commercial banks to various financial institutions. It mainly includes loans to correspondent banks, foreign banks, investment banks, savings and loan associations, credit cooperatives and finance companies. Although these financial institutions are lenders themselves, they partly rely on commercial banks in terms of funding sources and need commercial banks to provide financing, mainly short-term financing. Commercial banks generally stipulate a loan amount within which loans can be made. Because their loan demand is regular, they can borrow and pay back at any time. They use the interest income of the loan to pay the loan interest and make a profit from it.
main content
Loans to financial institutions mainly include loans to correspondent banks, foreign banks, investment banks, savings and loan associations, credit cooperatives and other financial companies. Although most financial institutions raise funds and issue loans by selling commercial paper, they still need to borrow short-term funds from other commercial banks. In order to ensure the short-term financing needs and the maturity of the commercial paper issued, these financial institutions often sign loan limit agreements with several large commercial banks, and repay within the loan limit, so that the interest income and expenditure of the loan can offset each other. Because of the guarantee of credit line agreement and short-term demand, this kind of loan is usually unsecured. Interest rates are also relatively low. For large financial institutions, the basic interest rate plus compensation or agreement commitment fee is usually used to determine.
Automobile loan related knowledge:
Object of loan: The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
Loan conditions: the borrower has a stable job, the ability to repay the principal and interest of the loan, and good credit; Can provide recognized assets as collateral or pledge, or a third person with sufficient compensatory ability as a guarantor to repay the principal and interest of the loan and bear joint liability.
Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car.
Loan Term: The loan term for automobile consumption is generally 1-3 years, and the longest is no more than 5 years.
Loan interest rate: uniformly stipulated by the People's Bank of China.
Repayment method: you can choose one-time repayment method of principal and interest and installment repayment method (equal principal and interest, equal capital).
Loan to buy a car, why do 4S shops recommend financial companies to get car loans instead of looking for banks, and provide the same amount of information? Moreover, the interest rate of financial companies is high,
There are generally two reasons why 4S stores recommend financial companies: ① It is beneficial to 4S, and these financial companies are generally related to manufacturers (for example, Toyota 4S pushes Toyota Finance), and 4S will also finance with these companies when taking cars from manufacturers, so these financial companies will give 4S some policies to require customers to buy cars. ② It is also beneficial to car buyers. The interest rates of these financial companies are generally higher than those of banks, but at the same time, their procedures will be relatively simple, the pass rate will be high, and the loan approval speed will be fast. Especially at the end of the year, major banks began to tighten monetary policy, and the loan pass rate was declining, so the advantages of financial companies were more prominent.
As for the interest rates of major banks, we should ask separately, because ordinary banks will launch some targeted car loan projects.
What is the name of the 4S shop's loan in the factory?
At present, there are two main loan models for buying a car: one is in-store loan,
As the name implies, it is to apply for a loan directly at the 4S shop where you buy a car.
The customer service staff who buys a car will recommend the loan method to you. These loan plans are loan products jointly operated by loan companies and 4S. Generally speaking, the cost is relatively high, and other fees will be charged in addition to interest. The other is an out-of-store loan. Out-of-store loan means that the customer directly contacts the loan company, and the loan company buys the car first, and then the customer repays the loan company in installments. This way can reduce the cost of a link, so the out-of-band loan is cheaper.
Is the 4s shop loan a financial company or a bank?
4S shop loans include auto finance company loans and bank auto loans. Before applying for a car loan, the staff of the 4S store will ask users if they have a credit card (debit card) from a cooperative bank. If the user has a credit card (debit card), priority will be given to the user's application for car purchase by installment. Users without credit cards (debit cards) from cooperative banks will be allowed to apply for auto financing loans. Auto finance loan and credit card (credit card) car purchase by installment are only different in the main body of loan service, and the loan interest rate, repayment method and repayment period are the same.
Compared with credit card (debit card) to buy a car by installment, the application threshold of auto financing loan is lower. Some users can't pass the examination of credit card (credit card) to buy a car by installment, so they can try to apply for auto financing loan again. Users can choose car financing loans or credit cards (debit cards) to buy cars by stages, and they can choose which car loans to apply for according to their own needs.
After the successful application of auto financing loan and credit card (credit card) for car purchase by installment, the loan records will be collected at the meeting. As long as the user repays on time, there will be no overdue records that affect personal collection.