The service life of used car loan vehicles cannot exceed 5 years.

Used car loans need to meet the following conditions:

1, the service life of the vehicle is not more than 5 years, the total mileage is not more than 80,000 kilometers, and the vehicle evaluation value is between 800,000 yuan and 800,000 yuan;

2. Vehicle brands should all be imported brands and joint venture brands, and vehicles with independent brands cannot apply for second-hand car loans;

3. The down payment of second-hand car loans is not less than 50% of the total car price, the loan period is 1-3 years, and the total loan amount is between 400 million and 300 million;

4. Used cars applying for loans must be guaranteed by a guarantee company, and the insurance company designated by the bank should cover the specified types of insurance;

5. Be able to provide the original car purchase contract, formal invoice and other related procedures for purchasing used cars;

6. The borrower who applies for a loan should have a good reputation. In order to control the risk, the bank entrusts the second-hand car evaluation right to the second-hand car trading market. Once the loan cannot be recovered due to the evaluation deviation, the trading market will bear the responsibility.

7. Finally, the borrower must be a natural person with full capacity for civil conduct, have a stable occupation and the ability to repay the principal and interest on schedule, have not retired when the loan expires, and cannot be over 70 years old.

Because second-hand car loans are risky, the requirements of banks will be relatively strict. If you want to apply for a second-hand car loan, you need to know all the processes in advance and be prepared, so as to improve the success rate of the second-hand car loan.

2. What are the risk control aspects of second-hand car loans?

First of all, the bundled cooperation with the used car market has greatly reduced the risk of non-performing loans. Here, the guarantee companies in the market are basically stationed in the market and have fixed business premises. Vehicle evaluation and transaction audit are carried out by professional companies in the market, especially in view of the quality status and process of used cars, medieval evaluation company is appointed as the only partner, which eliminates the harm caused by "false evaluation" from the source, greatly improves the accuracy of evaluation and is very effective for bank risk control.

Secondly, the loan profit is low but the current scope is relatively narrow. According to the person in charge of a second-hand car business department, the current second-hand car loans are mainly for second-hand cars with a total value of 800,000-800,000 yuan, and they must be domestic cars. This defines the scope to a certain extent, and currently excludes some potential models with loan demand. There are certain reasons for this consideration in the early stage of development. In the market survey, many second-hand car companies expressed their understanding and hoped that with the business development and risk control, they would expand their scope.

Finally, the loan period is as long as three years, which controls the generation of non-performing loans to some extent. Because the total price of vehicles is relatively cheap, the repayment pressure of users is not great, and the interest rate borne by loans is relatively low. In addition, both companies indicated that they have effective non-performing loan control and management systems, but the approval time is 5-7 working days, which may affect the rapid development of their business.

3. What are the risk control aspects of second-hand car loans?

First of all, the bundled cooperation with the used car market has greatly reduced the risk of non-performing loans. Here, the guarantee companies in the market are basically stationed in the market and have fixed business premises. Professional companies in the market carry out continuous questions and appoint the medieval evaluation company as the only partner, which greatly improves the accuracy of the evaluation from the source of damage. At the same time,

Secondly, the loan profit is low, but the person in charge of the automobile business department introduced that the current second-hand car loan is mainly aimed at the total value of 800,000-800,000 yuan, and the scope has been delineated to some extent. At present, one model is excluded. For the initial stage of development, this consideration is also an investigation. Many second-hand car companies said that after the development risk is well controlled, the scope can be expanded.

Finally, the loan period is up to three years, the total price of car control is relatively cheap to some extent, and the user's repayment pressure is not great. At the same time, both companies indicated that they have effective systems to control and manage non-performing loans, but the approval time is 5-7 working days, which may affect the rapid development of their business.

4. What are the risk control aspects of second-hand car loans?

First of all, the bundled cooperation with the used car market has greatly reduced the risk of non-performing loans. Here, the guarantee companies in the market are basically stationed in the market and have fixed business premises. Vehicle evaluation and transaction audit are carried out by professional companies in the market, especially in view of the quality status and process of used cars, medieval evaluation company is appointed as the only partner, which eliminates the harm caused by "false evaluation" from the source, greatly improves the accuracy of evaluation and is very effective for bank risk control.

Secondly, the loan profit is low but the current scope is relatively narrow. According to the person in charge of a second-hand car business department, the current second-hand car loans are mainly for second-hand cars with a total value of 800,000-800,000 yuan, and they must be domestic cars. This defines the scope to a certain extent, and currently excludes some potential models with loan demand. There are certain reasons for this consideration in the early stage of development. In the market survey, many second-hand car companies expressed their understanding and hoped that with the business development and risk control, they would expand their scope.

Finally, the loan period is as long as three years, which controls the generation of non-performing loans to some extent. Because the total price of vehicles is relatively cheap, the repayment pressure of users is not great, and the interest rate borne by loans is relatively low. In addition, both companies indicated that they have effective non-performing loan control and management systems, but the approval time is 5-7 working days, which may affect the rapid development of their business.