Advantages of automobile mortgage: First, the application threshold is low: only the borrower has a car with an estimated value of not less than 50,000 yuan and a car age of not more than 5 years can he apply for automobile mortgage. Second, the loan speed is fast: the process in automobile mortgage is simple, and the loan company's approval speed is fast. The borrower can complete the formalities as soon as possible and get the loan funds. For borrowers who are in urgent need of funds, automobile mortgage is undoubtedly a good way to get funds quickly. Automobile mortgage's shortcomings. Short loan term: Due to the rapid depreciation of the car, the loan term is not long, usually within one year, which is suitable for borrowers who need funds in the short term. If they need to use funds for a long time, it is not recommended to apply for a car mortgage. Second, the loan cost is high: to apply for car mortgage, you need to pay the car value assessment fee. If you don't pledge the car, you need to pay the GPS installation fee and rental fee, as well as the handling fee. 1. automobile mortgage, similar to housing mortgage loan, is a loan method to mortgage real estate. As the name implies, automobile mortgage is a way to mortgage vehicles and borrow money from financial lending institutions. Usually used to solve the current economic turnover or living consumption of individuals, families or companies. The main repayment methods are interest before principal and equal principal and interest. Automobile mortgage is a loan obtained from a financial institution or an automobile consumption loan company with the borrower's or a third party's car or self-purchased car as collateral. The purpose of a loan secured by a car is mainly to be quick. (Of course, cars depreciate rapidly, and traffic accidents have a high probability of affecting the value of vehicles. There are relatively few ways for financial institutions to issue loans with cars as a single mortgage, and the general loan evaluation price is 50-80%. Domestic banks generally do not provide auto mortgage services, so it is generally necessary to find private professional credit institutions to apply for such services. For example, automobile mortgage service is a short-term microfinance service for small enterprises, individual merchants and entrepreneurs. 2. "Car loan" is divided into two loan forms: parking and non-parking. Escort car: Give the car to the company for safekeeping. There is a parking lot dedicated to parking the car, and there is a special person to look after it 24 hours a day. Lights the car regularly to warm up.

2. What are the advantages of short-term mortgage of Qingshan Automobile?

Loan terms of mortgage loan

Have a legal status;

Have a stable economic income, have the ability to repay the loan principal and interest, and have no bad credit record;

There is a legal and effective purchase contract;

If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the age of the house is within 10 years, and the down payment of not less than 30% of the total price of the purchased house has been prepared or paid;

The mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the house used as mortgage has obtained the house ownership certificate.

Being able to provide effective guarantee recognized by the loan bank;

Other conditions stipulated by the lending bank.

Third, the difference between vehicle mortgage and mortgage-free?

The difference is whether collateral is needed. In automobile mortgage, the vehicle ownership certificate of a car is used as collateral to apply for a loan from a bank. After you repay the loan, you can only get your vehicle ownership certificate if you cancel the mortgage. If you don't mortgage a loan, the review is usually strict and the loan interest rate is relatively high. As the name implies, car loan without escort means that you don't need to mortgage the car to a bank or a lending institution, just need the relevant information of the car.

What are the advantages and disadvantages of parking and not parking?

Parking mode:

superiority

1, because there is a car, the risk of lending institutions is relatively low.

2. High loan amount: the maximum loan amount can reach 80% of the appraised price. For example, for a car with an appraisal price of100000, the maximum loan amount can reach 90000 under the condition of mortgage.

3. Low interest rate and low cost.

4. Long loan term

5. The repayment method is flexible.

disadvantaged

After handling the vehicle mortgage registration, it is necessary to put the vehicle in the room set by the lending institution, and the borrower can no longer use the vehicle.

No parking mode:

superiority

1, the procedure is simple, just the relevant formalities of mortgage car.

2. You can use the car after the loan is completed.

3. Good privacy protection.

disadvantaged

1. Compared with parking, the risk of lending institutions is relatively high.

2. Low loan amount: up to 80% of the appraised price. For example, a car with the same evaluation price1000000, the maximum loan amount can reach 800000, and no mortgage is needed.

3. The loan interest rate is high.

4. The loan term is generally short-term loan, and the time is short.

5.GPS needs to be installed in non-parking mode, and the installation cost needs to be borne by the loan applicant, so the cost of non-parking loan is also high.

How to choose between parking and not parking?

Applicable object: borrowers with short-term financing needs, good credit and no need to use vehicles every day.

Applicable object: borrowers who need cars every day, pay attention to privacy, have short-term financing needs and have good credit.

4. What are the advantages of automobile mortgage in the short term?

1, you can drive away.

2. The lending speed is fast.

3. Flexible loan use

4. The loan amount is high.