Detailed process of second-hand car loan

The process of second-hand car loan is as follows; 1. The car buyer goes to the bank branch for consultation, and the branch recommends the user to have signed the "Second-hand Car Consumer Loan" with the bank. Cooperation Agreement" special dealer. 2. Go to the dealer to select the second-hand car you want to buy, sign a car purchase agreement with the dealer, and specify the model, quantity, color, etc. 3. Go to a bank outlet to apply for a loan. The necessary materials for applying for a loan at a bank outlet include: personal loan application, valid ID, proof of occupation and income, basic family situation, car purchase agreement, supporting documents required for guarantee, lender Other conditions specified. 4. The bank will review the user's credit standing. The bank will notify the car purchase borrower within fifteen working days after the loan application is accepted, and sign a "Second-hand Car Consumption Loan Contract" with the borrower who meets the loan conditions. The maximum amount of a second-hand car consumer loan shall not exceed 60 to 80 yuan of the purchase price (different among loan banks), and the maximum loan period shall not exceed three to five years (different among loan banks. Taking Beijing as an example, second-hand car loans A down payment of RMB 50 is required, and the loan term is up to three years). 5. Sign a loan and guarantee contract. If the applicant meets the loan conditions, the bank will sign a loan contract and related guarantee contracts with the applicant. Guarantee methods and corresponding procedures: (1) If the user provides a third-party joint liability guarantee (excluding banks and insurance companies), the guarantor signs a guarantee contract with the bank, or the insurance company can provide a joint liability performance guarantee or the bank can provide a letter of guarantee. (2) Users who guarantee by mortgage or pledge should sign a mortgage or pledge contract with the bank. If a house is used as a mortgage, it must be evaluated and confirmed by a designated appraisal agency. The bank, together with the mortgagor, will go to the district or county real estate registration office where the house is located to handle the mortgage registration. The contract will take effect after the warrant is obtained. If the guarantee is in the form of pledge, the contract will take effect after the pledge contract is handed over to the bank with the certificate of rights. (3) After the above procedures are completed, the bank shall promptly issue a loan notice to the special dealer. (4) If the purchased second-hand car is used as a mortgage, the bank should promptly issue a loan notice to the special dealer, and after the purchased second-hand car is registered, the bank will go to the vehicle management office to handle the mortgage registration. 6. The bank issues a loan, and the user applies for vehicle insurance and picks up the car. The special dealer will hand over the customer's car purchase invoice, payment receipt and driving license (copy) to the bank within 15 days after receiving the loan notice. Banks issue loans after customers complete property insurance procedures. Insurance types include: vehicle loss insurance, third party liability insurance, theft insurance and spontaneous combustion insurance, etc. The term of any type of insurance shall not be shorter than the term of the loan.

How to apply for a second-hand car loan

The second-hand car loan process: 1. Consumers who buy second-hand cars go to the bank to consult the second-hand car sales agency that sells the car. It is recommended to sign a "Second-hand Car Loan" with the bank. "Automobile Consumer Loan Cooperation Agreement"; 2. Sign a car purchase agreement, select the second-hand car to be purchased at the car sales office, sign a car purchase agreement with the dealer, specify the model, quantity, color, etc.; 3. Apply for a loan. The necessary materials for applying for a loan include: personal loan application, valid identity document, proof of occupation and income, basic family situation, car purchase agreement, supporting documents required for guarantee, and other conditions specified by the lender; 4. After the bank accepts the loan application, The car buyer will be notified and a second-hand car consumer loan contract will be signed with the borrower who meets the loan conditions; 5. Sign the contract. If the applicant meets the loan conditions, the bank will sign a loan contract and related guarantee contract with the applicant. During the second-hand car loan application process, customers must bring all the information. Including a copy of the vehicle registration certificate, a copy of the vehicle driving license, a copy of the original owner's ID card and contact information, a copy of the car purchase contract (with official seal), a second-hand car power of attorney and vehicle photos.

Can I get a loan to buy a second-hand car?

Is it possible to get a loan? A second-hand car mortgage loan refers to a loan granted by a commercial bank to an individual borrower for the purpose of purchasing a second-hand consumer car for personal use. A loan in which the purchase of a vehicle is used as collateral for the loan and is mortgaged. Now the commercial banks here include not only banks, but also major financial institutions.

Notes:

1. First of all, you must buy from formal channels. Second-hand cars have certain particularities. The vehicle condition, procedures, etc. must be complete.

2. When buying a second-hand car, try to choose a model with a large number of copies. Due to the low market share of niche models and the high subsequent maintenance and use costs, the cost of use is high.

The process of second-hand car loan is as follows:

1. Dealer consultation on loan matters

When you choose your favorite car, you first need to go to the car Consult the dealer about car purchase related matters and determine the car model and total purchase price. In this way, you will have a detailed understanding of the selected car model, whether it is in terms of price, performance, or after-sales service after buying the car. Through communication with the car salesperson, you will have a good idea.

2. Review the loan and car purchase information

Then, you need to submit the loan and car purchase information to the dealer for preliminary review, including filling in the car consumer loan application form, contract and other bank loans Information, and provide credit certificates such as personal and spouse ID cards, household registers, income certificates, real estate certificates, marriage certificates, etc., and the borrower and his spouse sign a loan contract and related documents. The purpose of this is to let banks, insurance companies and car dealers have an understanding of your situation. As long as the situation meets the loan conditions, you can successfully handle the loan business.

3. Pay the down payment and sign the car purchase contract

Pay the corresponding down payment according to the model you selected. Generally, it is 20% of the full car price (some dealers will There are models with zero down payment). After that, you sign a car purchase contract with the dealer and the insurance company handles the corresponding car insurance.

4. Bank acceptance and review

The dealer submits the customer information and car purchase contract to the bank, and the bank will conduct a pre-loan investigation. When these are completed, the bank will confirm Loan matters.

5. The dealer delivers the vehicle

After the bank lends money to the car dealer, the dealer will handle the intermediate procedures such as vehicle registration, registration and vehicle insurance, and deliver the vehicle at the agreed time. Delivered to the car buyer. At this point, the entire consumer loan car purchase process is completed.