Many people buy used cars through second-hand intermediaries or auto financing companies to handle loan business. Of course, many banks now also provide credit card installment service for used cars. So what is the most cost-effective way to make a second-hand car loan? What are the loan procedures for used cars? How much is the down payment for a used car loan? Introduction of second-hand car loan information.

Generally speaking, the minimum down payment for obtaining used car loans through auto financing companies is 50%, while the minimum down payment for some banks can be as low as 30%. The bank loan threshold is high and the approval time is long. When handling second-hand car mortgage loans, the interest rate of financial companies is much higher than that of banks; Buying a car by installment with a credit card is an unsecured credit loan. Applicants can apply as long as they have sufficient information to prove their repayment ability.

For the cooperation between China Bank and Shenzhen Aokangda Luxury Car Plaza, only those who meet the payment records of any one of Shenzhen real estate/Shenzhen hukou/Shenzhen social security for more than one year or qualified guarantors can apply for installment payment. There is no clear requirement for the age of the car, and the maximum loan amount can reach 6,543,800 yuan.

Whether it is a new car or a used car, the dual attributes of a car as a luxury and consumable will lead to the dual pressure of repayment and maintenance. Therefore, to buy a car by installment, we should follow the principle of installment payment and prudent lending, and make our own capital planning.

Million car purchase subsidy