Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit record and must meet the requirements of financial institutions before they can apply for a loan to buy a car.

Auto loan application conditions:

1, the buyer must be at least 18 years old, with valid identification and full capacity for civil conduct.

2. Can provide fixed and detailed proof of address.

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule.

4. Personal social credit is good.

5. Holding a car purchase contract or agreement approved by the lender.