Second-hand car loan processing: Go to the second-hand car dealer and ask if there is a cooperative second-hand car loan institution. You can apply on the spot. If you don't need to find a lending institution yourself, you can reapply. The lending institution shall examine and approve the loan application submitted. Approved, signed a used car loan contract. The loan is recommended to Mo Long, and the audience is people over 25-55 who need large loans, as well as non-online loan groups, such as Bai Hua and Xiaoman. There are many product choices to meet diversified needs.
The application process of second-hand car loan is:
1. The borrower first goes to a second-hand car dealer to buy a car, and then applies for a loan in the bank after determining the model to be purchased;
2. Fill in the loan application form and submit relevant materials;
3. The bank conducts an audit;
4. After the approval, the borrower signs a second-hand car loan contract with the bank to handle insurance, mortgage and other handling fees;
After the formalities are completed, the bank will lend money to the second-hand car dealer. After the loan funds arrive, the borrower can pick up the car.
The materials needed to apply for a used car loan generally include ID card, work certificate, income certificate, car purchase invoice, driving license, car purchase contract, etc.
For more information about the loan, please consult Moore Long. Moerlong has the most professional internet finance platform in China, covering 37 1 city in China, with more than 2 million registered users, and providing tens of billions of yuan in loan services to various customers every year. 20 15 Softbank China capital becomes Morlon shareholder. Softbank China Capital is a leading venture capital institution in China, and has successfully invested in a series of outstanding enterprises such as Alibaba, Taobao, Focus Media and IWC. 20 16, Morlong brand upgrade, financial technology projects launched at the same time. Up to now, a complete technical system for loan assistance business and an intelligent risk control system for big data have been formed, and professionalism is worth choosing.
Is it reliable to join the melon seeds used car?
The vigorous development of consumer industry is the main driving force to accelerate the formation of a new development pattern with domestic big cycle as the main body and domestic and foreign double cycles promoting each other, while high-end consumption represented by automobiles can release the consumption potential of domestic demand market and promote the internal cycle of consumption. Therefore, it is necessary to ensure the standardized development of the automobile market and show the tension of automobile consumption.
As middlemen, many automobile trading platforms are facing great challenges in strategic vision and business operation ability. Whoever can seize the market opportunity in time and conform to the trend of the times will be able to follow the trend and become bigger and stronger.
Among them, Guazi used car, a well-known used car e-commerce platform in China, tried to achieve breakeven in the form of auto finance through the heavy asset model of opening offline stores and high-permeability financial products, and then embarked on a road of paying equal attention to scale and profit.
However, after the outbreak of the COVID-19 epidemic, the offline transaction volume dropped sharply, the online transaction was limited to non-standard used cars, and the user's trust was insufficient, all of which fully exposed the drawbacks of the asset-oriented model of melon seeds used cars. For example, the demand for capital investment is high, and the pressure on corporate cash flow is high. All of them have prompted them not only to "earn the difference" to varying degrees, but also to earn various service fees, insurance premiums, loan management fees and other profits, and improve operating cash flow. However, as buyers, consumers bear various forms of charging requirements. Unbearable, they chose to be positive and pushed the seller-melon seeds used car to the forefront.
How to reduce the environmental impact of the decline in automobile sales, combine the value of offline stores with the value of the Internet, match the user's automobile consumption logic, enhance the ability of sustainable hematopoiesis, and finally embark on a "new retail" road of automobile trading, which is placed in front of melon seeds used cars.
After all, in the case that the asset-oriented model constantly needs capital investment, it is impossible to build the advantages of user traffic and commercial transactions, and it is difficult to get rid of a single profit channel only by high financial charges.
The 0 1 asset-heavy model is challenged, and finance may not go far.
The second-hand car e-commerce platform has always been a dispute between the heavy asset model and the light asset model.
Dai Kun, the founder of Xinyou used car, believes that it is not feasible to set up a large-scale offline store and focus on asset operation. I never thought it was the right way to go. Pure online is the final answer of the industry.
However, Yang Haoyong, the founder of Cheduoduo Group, the parent company of melon seeds used cars, obviously doesn't think so. In his view, at present, there are a lot of cars with a team of nearly 20,000 people on the front line. Cars are heavy assets and need transfer and financial services. After the problem occurs, the platform also needs to deal with after-sales service, and the offline business is very heavy. A large number of service personnel are needed for the offline destinations of 200-300 cities.
It is no secret that melon seeds used cars choose to seize the offline. From September 2065438 to September 2008, the first direct store of YEATION melon seeds opened in Shenyang, Liaoning Province, and from June 2065438 to February 2008, the Wuhan branch of YEATION direct store opened. Guazi used car 108 YEATION Direct Store. "Most of them are large shopping malls with more than 10,000 square meters, with hundreds of cars inside."
Yang Haoyong is full of confidence in the opening and operation of YEATION Direct Store. "YEATION direct store has replaced the traditional dirty offline market and become a new landmark of used car consumption in various places. This is one of the most critical attempts we have made." Yeast is one of our most important sources of income. "
Considering that the used car industry is mainly offline, it is particularly important to avoid stepping on the quality pit. Second-hand car trading is a typical non-standardized market, where buyers and sellers are in a state of information asymmetry, the vehicle condition is unknown, and the buyer's rights and interests cannot be guaranteed. "Quality problems have become a major pain point that hinders the development of the used car industry, which will lead to the distrust of more than half of consumers in the whole industry."
Therefore, taking offline asset operation can ensure the control of quality and service during the circulation of used cars. In the express delivery industry, SF adopts a direct store model, which is invested and recruited by the headquarters. The advantage of distribution stability is obvious, but it faces the competition of "three links and one access" mode and bears greater profit pressure.
However, the asset-oriented model of melon seeds used cars is being questioned and challenged by capitalists and consumers, and melon seeds are also paying for crazy expansion. Up to now, the melon seed YEATION store has shrunk from more than 20 luxury stores in the peak period of/kloc-0, reducing the number of stores, moving out of the city center and returning to the parking lot. YEATION now has more than 80 stores. At the end of 20 18, Yang Haoyong predicted that it would launch 10 billion advertisements every year to attract users, and when the monthly transaction volume reached 40,000 units, it would break even. However, according to the media "Xinxiang Science and Technology News", the overwhelming advertising, the team with more than 10,000 people and the coverage of hundreds of cities add up to these costs. The annual expenditure of melon seeds used cars is nearly 4.3 billion, and the average monthly expenditure exceeds 350 million.
In the face of massive capital expenditure, melon seeds used cars need to build high-output business products, broaden income channels and increase total income, which is a more realistic "hematopoietic" ability.
On the issue of income, Yang Haoyong once mentioned on different occasions that "income is trading commission plus wealth management income", and "wealth management business has existed since its first year of establishment. So far this year, in our second-hand car income, finance is lower than trading income. Many people say that we make money by finance, but this is not the case. We mainly make money by trading. We do a lot of actions in YEATION to crowd out car dealers, encourage users to do finance, and stack the services behind cars to make the income higher. Zhang Xiaopei, CTO of Guazi.com, who just left his post, praised "Guazi platform is an excellent financial scene" on different occasions.
In 20 16, melon seeds began to enter self-operated finance. In 20 19, the financial penetration rate increased from 20% to 40%, but the bad debt rate of industry finance reached 30%. Finance is indeed a business means that grows rapidly in the short term, but financial products need a lot of capital to guarantee, and risk control is always an unavoidable topic.
The sudden epidemic this year has made the non-performing rate of finance, especially auto finance, rise significantly. Ping An Bank's first-quarter financial report shows that due to the epidemic, some customers' repayment ability declined, and the NPL ratio in the first quarter was 65,438+0.07%, up by 0.33 percentage points. The NPL ratio of Ping An Bank's credit cards increased in the first quarter, with 2.32%, up by 0.66 percentage points from the end of last year. The financial report released by Xinyou used car shows that the loss in the first quarter was 2 1 100 million yuan, mainly due to the credit provision in the first quarter. Peace and heart are still the same, and melon seed finance can be imagined in the first quarter.
In July 2020, the Interim Measures for the Management of Online Loans of Commercial Banks came into effect, which clearly stipulated the collection methods of commercial banks and resolutely rejected some unreasonable collection methods. Vehicles using financial installment car purchase or financial lease will be equipped with GPS. Once the borrower fails to repay the loan, the platform can directly tow the vehicle for recycling without notifying him. But with the improvement of national policy supervision, violent collection has become a thing of the past. If the borrower fails to recover the vehicle, the platform will pay the deposit to the bank. The epidemic situation and stricter supervision have brought the biggest challenge to the second-hand car finance. We don't know how long melon seeds can complete their hematopoiesis by finance.
02 "self-destruction 1000" aimed at the problem of accident car toll collection.
Laser finance believes that licking the wound, waiting for the opportunity, and recovering the vitality may not solve this problem. Relo, Deputy Secretary-General of china automobile dealers association, pointed out that both the business structure and business model of used car e-commerce have not entered a mature stage, and it is only a stopgap measure rather than a long-term solution to exchange market share by "burning money".
For ordinary consumers in a weak position, compared with new cars, there are more puddles in the used car market, and the quality problems of used cars as non-standard products bear the brunt. In the case of inconsistent platform statements, unpredictable consumers are forced to choose to fight against it.
Laser Finance found that the second-hand car with melon seeds was advertised as "259 full-vehicle inspections" in official website, which was known as "a complete inspection process and a professional appraiser team" to achieve "comfortable car condition and assured purchase". However, in actual operation, the quality of used cars on the platform has been criticized repeatedly, and accident cars have become an unavoidable topic.
In July this year, Mr. Zhou bought a Volkswagen Tiguan L used car on the melon seed used car platform. After paying 60% down payment, he took a third-party testing platform to check the car. However, the detection results given by the third-party platform are: engine overheating (the pot is boiling), lack of antifreeze, engine jitter, engine abnormality and so on. Due to the serious discrepancy between the physical car condition and the online information, Mr. Zhou issued a refund application for returning the car, and the melon seeds used car agreed to refund it after 12 days.
However, not every ordinary consumer can successfully complete the cart refund operation after buying a car with quality problems on the melon seeds used car. According to the new financial media report, in June 5438+February last year, Mr. Liu bought a 20 16 Kia K5 on a used car of melon seeds, but it was detected as an "accident car" by many third-party organizations, and even was identified as "having a big accident before" and "having been to the repair shop five times". Regarding Mr. Liu's request to return the car and refund the service fee, the melon seeds used car has not yet reached an agreement with him.
In fact, this problem of melon seeds used cars has long attracted media attention. According to CCTV's report on August 20 19, in a QQ group of nearly 500 people, many consumers have similar experiences, or the used car they bought has a record of major accidents, or the actual model they got does not match the label.
The accident problem is only the tip of the iceberg of trading chaos. The charging of second-hand car loans with different names is a "routine" that consumers can't prevent.
In fact, in the second-hand car transaction, due to the difficulty in evaluating its value, traditional institutions, including banks, have higher requirements for consumers as buyers, and push loan users to the auto finance platform in disguise. In the process of installment payment business transaction, the position of car dealers is very important. According to 20 19 survey report on used car users by stages, the way for used car users to understand the staging platform mainly depends on the introduction of car dealers, accounting for 53.8%. From this point of view, melon seeds used car, as a combination of used car trading and financial business, plays an important role in car loan and insurance purchase for users.
Many consumers find that there will always be unexpected expenses to be paid in the process of installment business or even insurance purchase on the melon seed used car platform. Take Mr. Liu mentioned above as an example. After enjoying the financial car purchase discount of 0.8 1.2 million yuan, I bought a used car at the price of/kloc-0.79 million yuan, and paid 35,000 yuan (later 3,000 yuan) including the down payment of 22,500 yuan, the car purchase deposit of/kloc-0.08 million yuan and the insurance of 0.46 million yuan.
However, Mr. Liu found that the car price of 10.79 million yuan was deducted from the down payment of 22,500 yuan, and the actual loan principal of the vehicle was 75,500 yuan, plus other personal consumption loans of10.43 million yuan, totaling 89,800 yuan. Personal consumption loan also includes 9800 yuan transaction service fee, 2600 yuan insurance fee and 2300 yuan GPS fee.
In fact, according to the total repayment amount 1 13400 yuan, Mr. Liu has to pay back 148400 yuan, which is almost the same as the new car price 1600 yuan, while the bare car price of this car is 107900 yuan. Whether consumers are satisfied with the transaction reached on the melon seed used car platform can be seen from Mr. Liu's request for returning the car and service fee.
As a domestic e-commerce platform for used cars in the head, the above-mentioned problems displayed by melon seeds used cars are not a case. When the sales of used cars are rising all the way, development will cover everything up. However, when the sales volume of the used car market generally declines and the platform days are generally "sad", the original problems will be more exposed. Hiding, ignoring and procrastinating are not long-term solutions. How to balance the company's profits and customer satisfaction, and position the income as the reward that users should get after helping them solve the complex problems of non-standardized products and reducing their understanding cost and information asymmetry, rather than the role of bonus hunter, is what melon seeds second-hand cars are worth doing.
Can I get a loan by installment when I buy a used car?
The second-hand car loan of China Bank refers to the loan granted by China Bank to natural persons to purchase second-hand cars for personal consumption (cars that can be used for non-business purposes such as family or enterprise use, and are licensed for non-profit use locally in Shenzhen). Repayment methods are divided into: 1, equal principal and interest repayment method 2, average capital repayment method (decreasing repayment method) 3, agreed repayment method 4. In order to prevent the risk of loan principal, in principle, only the repayment methods in the first and second paragraphs of this article are selected. If the loan amount is more than 6,543,800 yuan, the first and second repayment methods must be selected. Please consult the local institutions in detail when applying for a loan. If in doubt, please continue to consult the online customer service of Bank of China. Welcome to download China Bank Mobile Banking or pay attention to "China Bank Micro Banking" to handle business.
The above contents are for your reference. Please refer to the actual business regulations.
How to apply for installment payment for used cars?
Specifically, to apply for a second-hand car loan, you must have an ID card and a fixed house, which is a prerequisite. The second is the age requirement, generally a citizen aged 20 to 60, and you must have a stable job and a stable income, so as to ensure your ability to repay the principal and interest of the car on time.
Loans to buy used cars need to provide the following three types of information and certificates: the identity card, household registration book, residence certificate and income or labor certificate of the car buyer; Proof of the relationship between the loan purchaser and his spouse; Two recent one-inch photos.
The process of buying a used car with a loan is roughly as follows: go to the second-hand car distribution point for consultation; Submit the submitted materials to chain stores for preliminary examination; Pay down payment, choose car models, sign car purchase contracts with dealers, and handle insurance. Acceptance and approval of banks; Dealers handle vehicle-related procedures for customers and deliver vehicles.
Can used cars be phased in the bank? What conditions and processes are needed?
Hello! Of course.
First, meet the conditions:
1. The borrower has a stable economic source and a good credit record.
For a borrower who wants to apply for a second-hand car mortgage loan, the applicant must first have a stable income and good repayment ability. The applicant's credit must be good, and there is no bad record on his personal credit record.
2. The borrower is of an appropriate age and has a stable residence.
The person applying for a loan must be 18-65 years old, too young or too old to apply for a loan. Finally, the applicant should have a fixed residence at the location of the branch of the lending institution.
3. Appropriate requirements for vehicle age.
Second-hand cars should not be too old, because cars are worn out, so the newer second-hand cars, the greater the possibility of obtaining loans. Banks also stipulate that the loan period of used cars is generally 15 years.
4, the second-hand car mortgage vehicle valuation standards.
Used cars are not like new cars. New cars are easier to get loans, but used cars are not. Under normal circumstances, financial institutions stipulate that cars with a used car price of 700,000-500,000 yuan can apply for loans. If the car price is too high or too low, it is not easy to apply for a loan.
Two, the second-hand car installment program is:
1. Application Form: It is very important to fill out the application form for automobile consumption loan. Generally speaking, important information in the form, such as age and repayment ability, will be an important condition for your successful loan application.
2. Proof of repayment: To buy a car by stages, you must have a stable source of income and need to provide your own running bill for three to six months. Note: In general, the monthly contribution will not exceed 60% of the total disposable income of the family.
3. Personal data: household registration book, guarantor's ID card, housing certificate and personal income certificate. All documents must be originals and copies. You usually need to prepare two copies.
4. During the loan period, it must be insured by an insurance company recognized by the bank at one time.
5. The third-party natural person shall provide guarantee for repayment of loan principal and interest. Note: Husband and wife cannot guarantee each other.
6. Contract signing: notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures. Sign a vehicle loan mortgage contract, one for the bank and one for the buyer; You also need to sign a car sales contract, one for the car sales company, one for the car buyer and one for the bank.
7. Loan: The bank issues loans, which are directly transferred to the account of the car dealer.
8. Handling car pick-up procedures: the car buyer will pay the down payment to the car dealership, and handle the car pick-up procedures and licensing with the passbook and the car pick-up note issued by the bank. Then hand over the vehicle production certificate, invoice, insurance policy, driving license, ID card and household registration book to the bank. After the mortgage, the bank will return the driving license and ID card account book.
The introduction of installment loans for used cars and installment loans for two drivers has come to an end. I wonder if you have found the information you need?