The amount of car loans is usually subject to strict financial supervision. The People's Bank of China stipulates that the down payment ratio of individual car loans should not be less than 20%, but this year, due to the tightening credit environment, some banks in Shanghai increased the down payment ratio to 30% to 40%. For example, if you plan to buy a BMW with a price of 654.38+100,000 yuan, according to the conventional down payment requirement of 20% to 50%, most banks will require a down payment of 40% to 50%, but some car dealers may cooperate with financing companies to allow the down payment to be reduced to 20% or even lower. Therefore, car buyers need to prepare a down payment according to the actual price of the car before buying a car. The minimum amount may be 200,000 to 500,000 yuan, or even lower.

For those who intend to apply for personal car loans through banks, they should know the market value of the purchased cars in advance and plan the down payment according to the bank's loan policy. Usually, the maximum loan amount guaranteed by personal credit or joint liability is 200,000 yuan; With the purchased vehicle or real estate as collateral, the maximum loan can be 70%; For loan applications guaranteed by third parties (not banks and insurance companies), the loan amount is usually 60%. Therefore, before applying, we must have a clear understanding of the loan amount to avoid getting into trouble because of insufficient preparation.