Routine 1: It doesn’t matter if your credit report is not good. I will help you.
Xiao Zhang’s income has been unstable recently and he needs capital turnover. However, his credit report is not good and he cannot apply for a normal bank loan. Later, through a friend’s introduction, I met Manager Cai, who is engaged in the automobile business.
Manager Cai told Xiao Zhang that it doesn’t matter if his credit report is not good. He can buy a car with zero down payment and borrow Xiao Zhang’s money. Manager Cai’s company will be responsible for the down payment, loan processing, and loan repayment of the car. Xiao Zhang only needs to buy a car loan in his personal name, and then put the car in the company, and the company will lend it to Xiao Zhang.
After that, Xiao Zhang will repay the company on time, and the company will help Xiao Zhang repay the car loan on time. When Xiao Zhang repays the company's loan, the company will pay off Xiao Zhang's car loan and transfer the car from Xiao Zhang's name to the company's name.
Routine 2: Defraud banks and customers to earn loans and car loans.
Xiao Zhang listened to Manager Cai’s words and agreed to buy a car and get a loan with zero down payment. After that, Manager Cai helped Xiao Zhang create false bank records, fictitious workplaces, and income certificates, so that Xiao Zhang’s identity information in the auto finance company became a high-income earner, and he successfully applied for a car loan to buy a car.
Manager Cai and Xiao Zhang drove the car back to the company, and the company lent Xiao Zhang a small portion of the car's value. Soon after, Manager Cai used various excuses to ask Xiao Zhang to go to the vehicle management office to report the loss and get a replacement for the vehicle registration certificate that was originally mortgaged at the auto finance company. Manager Cai took the new vehicle registration certificate and mortgaged the car for a second time to another financial company in Xiao Zhang's name. Xiao Zhang neither knew nor received the loan.
When Manager Cai got the second mortgage loan, he sold Xiao Zhang's car at a low price to a second-hand car dealer who specializes in buying mortgage cars. Similarly, Xiao Zhang did not know and did not receive the car payment.
After some operations, Manager Cai got two pieces of money: car loan and car sale. But Xiao Zhang was burdened with multiple car loan debts and his car was gone. Apart from a small loan from the company, there is no benefit at all.
Routine 3: Pretend to be innocent, shirk responsibility, and leave a bad deal for the customer.
In the past few months, Manager Cai’s company would help Xiao Zhang repay his car loan on time, and Xiao Zhang would also repay the company on time, so Xiao Zhang didn’t think there was anything unusual. A few months later, the company stopped the car loan for Xiao Zhang. When Xiao Zhang received reminder messages from several auto finance companies, it was too late to discover the inside story.
Inexplicably, Xiao Zhang went to the company to ask Manager Cai for an explanation. Manager Cai prevaricates with Xiao Zhang on the grounds that he was deceived, the company boss absconded with the money, and Xiao Zhang will not pay back the money yet. He even closed the company, changed his mobile phone number, and went to other places to hide from Xiao Zhang.
Despaired, Xiao Zhang finally had to call the police for help. Because Manager Cai has squandered all the money he defrauded, the economic losses suffered by Xiao Zhang are irreparable.
Prosecutors’ legal education
On August 13 this year, the Zhenjiang District Procuratorate used the above-mentioned routine to conclude a loan fraud case involving 22 financial companies, 35 borrowers, and the amount involved was nearly 5 million yuan. Cai Moorong, Bao Moumin, and Xie Moucheng are now being prosecuted for suspected loan fraud. After trial, the court adopted the characterization and sentencing suggestions put forward by the Zhenjiang District Procuratorate, and sentenced Cai and three others to fixed-term imprisonment ranging from 11 to 2 years and six months for loan fraud, and were also fined. Currently, the judgment has taken effect.
The "zero down payment" car fraud method is very subtle. The parties involved can easily be deceived by the criminals' tricks, leaving huge hidden dangers when signing many contracts. Prosecutors remind: You must borrow money through legal and formal loan channels, and don’t be deceived by criminals just because of temporary needs! Related Q&A: Zero Down Payment Car Loans April 4, 2009. . . The only "zero down payment" car loan company in Changchun. "Pure zero down payment car loan: Related questions and answers: Do you think buying a car with a zero down payment loan is reliable?
Thank you for the invitation.
Generally speaking, it is reliable. However, the interest rate will be relatively high, and the tolerance for non-timely repayment of mortgage payments is very low. Failure to repay the mortgage on time will easily lead to towing.
Here. Let’s briefly talk about the current “zero down payment” and related car finance.
There are two main forms of “zero down payment”:
The first is “zero” in a literal sense. "Down payment" means that you only don't need to pay the first car purchase price on site, but you need to pay various amounts such as handling fees;
The second type is true "zero down payment", that is, even handling fees and so on There is no need to pay any amount on site, just sign various documents.
The survival status of "zero down payment":
Most 4S stores, major banks, and the direct channels of major financial companies have basically stopped the business of "zero down payment" car purchases.
So, most of the "zero down payment" car purchases on the market are handled by some small car dealers in conjunction with small financial companies.
It is not ruled out that a small number of 4S stores will also participate driven by economic interests.
Relationships among the parties involved in “zero down payment”:
“Zero down payment” generally involves four parties, namely the car buyer, the car seller, the finance company, and the bank.
Banks provide funding authorization to financial companies and connect with financial companies;
Financial companies rely on banks’ funding authorization or their own capital pools to launch “zero down payment” related financial products , connect with banks, car sellers, and car buyers.
The car seller provides the vehicles in the case and connects with the financial companies and car buyers;
The car buyer purchases the vehicles in the case and connects with the car sellers and financial companies;
To put it simply: banks provide funds to financial companies, and after the car buyer and the car seller reach a car purchase contract, the financial company provides funds for the transaction between the two parties and completes the transaction.
"Zero down payment" application process:
The car buyer takes the initiative to propose a "zero down payment" car purchase requirement, or the car seller actively guides the "zero down payment" car purchase method;
After the two parties agree on the car purchase fee and car loan method, they introduce a financial company to sign the relevant documents for the car loan;
The financial company guarantees its own rights and interests through a series of car loan documents, and then lends money to the car seller;< /p>
After the car seller receives the payment, it will hand over the vehicle to the car buyer;
The financial company urges the car buyer to repay the mortgage payment according to the agreement.
What you need to pay attention to with "zero down payment":
Just pay attention to one thing: repay on time, you must repay on time.
Repaying on time is no different from ordinary car loans, except that the upfront handling fees, interest and other fees are higher;
If you do not repay on time, the car in question will be urged by the financial company After 0-2 unsuccessful attempts, the financial company arranged for people to drag him away.
In other words, if you do not repay your loan on time, you may wake up one morning and find that your car is missing.
Once it is towed, liquidated damages, towing fees, parking fees, etc. will be involved.
Small companies that are more shady will look for opportunities to earn the fees after towing;
Even more shady companies will not only earn the fees after towing, but also sell the car directly after towing. You still have to add fees to settle the matter.
So, be sure to repay the loan on time and don’t give the other party an opportunity to take advantage of it.
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