The second car loan requires the owner to be 18-65 years old. The Lender is a natural person with full civil capacity at the age of 18-65. Have a legal and stable job and income source, have the ability to repay the principal and interest of the loan on time, have a good credit status and have no bad records. You need to use the second-hand car you bought as collateral and apply for vehicle insurance according to the requirements of the bank. At the same time, vehicles with second-hand car mortgages should not be too old.

Problems needing attention in secondary mortgage of automobile

The secondary mortgage of vehicles often requires the intervention of non-bank financial institutions. Because such institutions charge high fees, you should think twice before you act. Not all cars can apply for a second mortgage, and cars with a second mortgage must have a loanable amount. If the mortgaged vehicle has only 1-20% loanable space.

Then I suggest you choose other ways to raise funds to fill the gap. The loan interest rate of the second mortgage is generally much higher than that of the first mortgage. It is basically impossible for the borrower to apply for a second mortgage if the repayment is overdue for many times or for a long time within two years; It is not easy to go through the bank directly for the second mortgage, so it is relatively easy to find a local loan company to handle it; The borrower's income should exceed 2 times of the total liabilities before he can apply for two mortgages.