Car-free mortgage is also one of the mainstream ways of car loan at present. If you go to a formal lending institution, it is still safer. For example, car owners can go directly to the bank for mortgage loan business without mortgage, so that they can get loan funds and have the right to use the car during the repayment period, and the risk of bank loans is small. However, the bank's audit will be stricter, the threshold will be higher, and the requirements for personal credit will be stricter. Therefore, before taking out a loan, the car owner should first know whether he meets the loan conditions and how much his car can borrow, and then decide whether to apply for a mortgage loan.
Although it is also one of the mainstream loan methods, there are also many routines. After all, the market is mixed, and it is inevitable that some people will take the opportunity to "exploit the loopholes". For example, many informal loan companies may use low interest rates as a publicity stunt to attract people to apply for loans in the past, and then charge high fees after the loans are completed. Or directly deduct all the interest at the time of loan, so that the amount actually obtained by the owner will be reduced, and even if the loan is paid off in advance in the later period, the deducted interest will not be refunded.
At the same time, there will also be bundled sales, that is, when the owner handles the loan business, the salesperson will force the owner to buy the auto insurance products of the insurance company with which he cooperates, otherwise the loan will not be granted.
In short, when handling the loan business, everyone must choose to go to a formal lending institution to know the situation of the loan company in advance, so as not to let people take the opportunity to "exploit the loopholes" and cause their own losses.