This is a relatively normal situation. The reasons for this are: 1. Poor personal credit report. 2. The individual currently has a lot of debt. 3. The loan information provided is too little or there is fraud. The above situations will lead to failure in loan approval when buying a car.

Can I reapply if my S store loan is not approved?

If the S store does not pass the first loan approval when purchasing a vehicle, it can apply for a second loan. It should be noted that the probability of approval of the second loan is very low, because failure in the previous loan approval will leave a record. It is recommended that you do not apply for car loans continuously at 4S stores and apply again after a period of time. At the same time, you should actively solve the problem based on the reasons and reasons for the failure. In order to effectively improve the approval rate of later loans, vehicle purchase loans belong to credit loans and mortgage loans. Only when the repayment ability is clear can the application be successful.

The above 4S store said that my car loan was rejected. Hope it helps everyone. If you want to know more about cars, please continue to pay attention to Chacha.

One million car purchase subsidies