1. If the car is not mortgaged, the car does not need to be pledged at the lending institution, and the lender's daily car use will not be affected. This is also the biggest advantage of car mortgage without taking a car. Of course, for private non-mortgage loans, the lender will also install GPS in the car to track the mortgaged vehicle at any time. In automobile mortgage, the lender will install a GPS on the mortgaged vehicle to monitor the whereabouts of the mortgaged vehicle at any time. Lenders need to pay the equipment fee and an installation fee for this GPS, which generally ranges from 1000 yuan to several thousand yuan. Because there is no mortgage procedure, once the borrower fails to repay the loan, it may cause bad debts. Therefore, the loan risk of not taking a car is much greater than that of taking a car, and the loan interest rate charged by lending institutions is correspondingly higher. For example, a car with Zhengzhou license plate can get 3% monthly interest if it is mortgaged, but it can get 6% monthly interest if it is only mortgaged. Of course, the charging standards of different lending institutions are different, and the specific situation of borrowers should also be based on the provisions of the lending institutions they choose.

Second, in terms of loan amount:

Automobile mortgage's quota is much higher, generally around 80%, and eligible customers can even borrow more than 90% of the appraised value. However, the non-stop loan can only be about 50% of the vehicle evaluation value.

Three. About the loan term:

Although they are all short-term revolving loans, the car mortgage can be used for 65,438+0-6 months, but there is no mortgage when signing the contract, and it can only be signed for three months at most, and it will be renewed when it expires.

Fourth, in terms of repayment methods:

Car mortgage can repay the interest on a monthly basis and the principal at maturity, while loans without parking must repay the same amount of principal and interest on a monthly basis.

V. Entry Procedures and Time:

Because it is necessary to install GPS, it is simpler and faster to apply for mortgage registration notarization than car loan.

Sixth, in addition, "no car loan" also chooses a car. Just as bank loans will pick people, you can't borrow everything without a car. Generally speaking, most people who can apply for non-parking loans are vehicles with certain intrinsic value, such as operating vehicles, trucks and engineering vehicles. Moreover, car loans accept applications from foreign cars, relatives and friends, and cars with incomplete procedures, but you can't apply for car loans in these cases.

7. Under normal circumstances, if the borrower's vehicle is a full vehicle with a local license and the procedures are complete, the lending institution will not force the lender to pledge the vehicle in the lending institution. Unless the lender's qualifications are not good enough, or the car is too old, or the procedures are incomplete.

Hope to adopt! ! !