Buy a car in your name, and then give you a loan in someone else's name. As long as others are willing, they can do it, otherwise it is equal to financial fraud.
1. Because the loan is made in its own name, if the other party fails to repay the loan within the time limit, it will be liable for repayment. If it is a serious breach of contract, the name recorded on the blacklist is the lender, and the nominal lender will bear the consequences.
2. After the car is bought, it is also registered in the name of the nominal lender. Because it is used by others, if there is a traffic accident, the owner will be found first, and he will bear legal responsibility and may be liable for compensation anyway.
Main advantages:
The direct consequence of buying a car under the pretext is that the owner (nominal owner) of the vehicle is inconsistent with the actual user of the vehicle. According to the binary judgment standard of "operation domination" and "operation benefit" of the responsible subject in traffic accident damage compensation, under the condition that the owner of the motor vehicle is separated from the actual user, the motor vehicle user can control the danger most effectively and directly enjoy the benefits generated by motor vehicle operation.
Is it okay to buy your own car and ask others to borrow money? What are the possible risks?
When many people buy a car, if they don't have enough money, they will first think of a loan, but their comprehensive qualifications are not good and they can't successfully borrow from banks or financial companies, so they think of asking others to help them with loans. If someone else helps with the loan, it will certainly be better for those who want to buy a car, but there may be some risks for those who help with the loan.
First, personal credit information will be affected. As the name implies, loan is a form of credit activity that loans funds to banks or other financial institutions at a certain interest rate and must be returned. If something goes wrong during the loan process, the first person to take responsibility is the person who helps with the loan. Although it is to help others borrow money to buy a car, as long as the name signed on the loan contract is their own, the loan needs to be repaid by the signatory.
If the owner fails to repay the loan in time, once it is overdue, the object of bank collection is also the person who signed the loan contract. As we all know, overdue will inevitably leave a bad record on the credit report. If you don't repay for a long time, you may report blackouts. Secondly, the safety of vehicles. If the owner unfortunately has a traffic accident while driving this car, then the lender also needs to bear certain responsibilities. When others help with loans, they need to sign not only a loan contract, but also a vehicle registration certificate.
So in this respect, although the car is driven by itself, it belongs to others in name. In the event of an accident, the lender will of course bear part of the responsibility. After all, if the owner shirks his responsibility, even if there is more evidence, the lender cannot be automatically innocent. Generally speaking, it is best not to ask others for loans when buying a car, nor to help others buy a car rashly. The risk is still great. Especially for some high-risk groups, if they can't repay their car loans on time every month, they will easily lose their own interests.
What are the risks of helping others borrow money to buy a car?
Helping others borrow money to buy a car is risky, so you must think it over before you act. Possible risks are:
(a) may affect their personal credit. Since you are helping others get a loan to buy a car, you should apply for a loan in your name. If others can't repay in time, it's not the other party, but yourself. At the same time, it also affects your personal credit. Don't say you need to ask someone else to help you borrow money. Whether it is to collect debts or record credit stains, banks are always looking for people to sign contracts.
(2) Vehicles that may be liable for accidents. Choosing to help others borrow money to buy a car means that the vehicle belongs to you in all kinds of documents. Because of this, someone else had an accident driving this car, and you need to bear all kinds of joint and several responsibilities. Even if you didn't have any logical causal relationship with the accident, who let this car be yours in name? You are the owner of this car. If the car had an accident, who else could be held responsible if the owner could not be found?
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. Make clear your rights and obligations with him (that is, if the other party fails to pay the money and there is a traffic accident, these things have nothing to do with you), and then apply for a loan.
What kind of loan mode does the loan to buy a house belong to? Is it okay to buy your own car and ask others to borrow money?
What kind of loan mode does the loan to buy a house belong to?
Whether it is provident fund loan or residential commercial service loan, the essence of housing loan includes the ownership of the house purchased by the buyer as collateral. The loan financial institution first pays the purchase price to the real estate agent, and then the buyer pays the loan principal interest to the online banking every month. Only after the buyer has settled all the principal interest of the house loan can he issue a loan settlement certificate through the bank, and then bring relevant certificates and materials to the Housing Authority to apply for understanding the mortgage process, so that the house can be completely owned by the buyer.
Classification of loans of financial institutions
1, direct loan, authorized loan and special loan. Direct loan refers to a loan that is independently issued by the lender through formal financing, and the risk is borne by the lender, and then the lender gets back the principal and interest. Authorized entrusted loans refer to loans provided by trustees such as government agencies, institutions and individuals, and entrusted by lenders (i.e. trustees) to issue, supervise the use and help recover loans according to the loan objectives, main purposes, amount, term and interest determined by trustees. Lenders (trustees) only charge service fees and do not bear loan risks.
2. Special loans refer to the loans that banks of wholly state-owned companies in the State Council are ordered to issue after allowing them to take corresponding preventive measures against the possible losses caused by their loans.
3. Short-term loans, loans or long-term loans. Short-term loans refer to loans with a term of less than one year (including one year). Mid-and late-stage loans refer to loans with a loan term of more than one year (not one year) to less than five years (including five years). Long-term loans refer to loans with a loan term of more than five years (no five years).
4. Personal credit loans, loan guarantee loans and discounts. Personal credit loan refers to the loan issued by the borrower's reputation. Loan-guaranteed loan refers to secured loan, mortgage loan and loan, in which secured loan refers to the loan issued by a third party in the form of guarantee stipulated in the Civil Code. When the borrower fails to repay the loan, he shall bear the general guarantee responsibility or legal responsibility according to the agreement.
5. It refers to the loan granted with the assets of the borrower or a third party as collateral according to the loan form stipulated in the Civil Code.
6. A loan refers to a loan issued in the manner stipulated in the Civil Code with the chattel mortgage or control right of the borrower or a third party as the pledge. Discount refers to the loan issued by the lender in the form of purchasing the commercial acceptance bill that the borrower has not yet expired.
Is it okay to buy your own car and ask others to borrow money?
For those who do not meet the requirements for applying for a car loan, it is no problem for other qualified people to apply for a car loan for their own use and then repay the loan themselves. But for each other, we all need to take responsibility.
1, at your own risk
Everyone should understand that letting others borrow money to buy a car for their own use will only give them the right to use the car, and the name of the green car is borrowed by whom, because it is not the specific owner of the car, even if the car loan belongs to their own repayment, it will inevitably lead to.
It is very likely that others will not admit it after paying off the car loan, so they have worked hard to pay off the car loan but made a wedding dress for others. Finally, the money is gone and the car is gone. In order to prevent this from happening, it is best to sign a contract with the other party and promise that after the loan is settled, the other party will lift the mortgage and then transfer the car to himself.
2. Others' risks
As a specific lender, others also have risks, such as whether they are qualified to buy a car. For example, to buy a car in a metropolis like Beishangguang, you have to pay social security and apply for a lottery. Lending your car to others is equivalent to giving away your qualifications. If you want to buy a car, you are really not qualified.
In addition, we must always worry about whether the other party has paid the car loan on time. After all, the lender is himself. Once the car loan is not repaid in time, loans overdue financial institutions can only find their own dunning, and their personal credit report will also bring bad credit records, which will affect their future loan business applications.
The above is "can I buy my own car and let others borrow money?" I hope I can help you.
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.
This is the end of the introduction about whether you can let others borrow money to buy a car and whether you can borrow money in the name of others. I wonder if you have found the information you need?