The following lawyer Yu Jianghong will give you a detailed introduction, hoping to help you.
1. What is the minimum down payment for car loans?
The down payment ratio of personal loans and car loans shall not be less than 20%.
Different vehicles, different years, the down payment is different. If you choose a 4s shop to help with car loans, the down payment is generally 30%. General customers will pay in installments according to a three-year fixed loan, and the loan interest will fluctuate between 5% and 8%. Of course, if you have real estate or other collateral as a mortgage loan, a fixed job and a stable income, then the capital payment need not be as much as 30%, and you can reduce 10% to 20%.
Outside car dealers or car loan agencies have a lower down payment threshold, and can achieve "zero down payment" and "zero interest", but this does not mean free, mainly because the 20% down payment of loans is made by manufacturers and dealers first, and then earned from consumers through sales later, and the loan interest is higher than that of banks.
The down payment for car purchase also includes other charging items: auto insurance, purchase tax, license fee, etc. Take the car of about 6.5438+10,000 yuan as an example. Buying auto insurance in a 4s shop generally costs about 6000 yuan, the purchase tax is about 8500 yuan, and the license fee is 350 yuan, which adds up to nearly 15000 yuan. Therefore, when choosing car loan products, it is best to know the details of loan car purchase expenses to avoid unnecessary losses.
2. What are the requirements for applying for a car loan?
Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also known as auto mortgage.
Object of loan: The borrower must be a resident of the permanent residence where the loan bank is located and have full capacity for civil conduct.
Loan conditions: the borrower has a stable job, the ability to repay the principal and interest of the loan, and good credit; Can provide recognized assets as collateral or pledge, or a third party with sufficient compensation ability as a guarantor to repay the principal and interest of the loan and bear joint liability.
Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car.
Loan Term: The loan term for automobile consumption is generally 1-3 years, and the longest is no more than 5 years.
Loan interest rate: uniformly stipulated by the People's Bank of China.
Loan repayment method: One-time repayment method of principal and interest and installment repayment method (equal principal and interest, average capital) can be selected.
Third, what about second-hand car loans?
1. Customer application. Apply to the client bank, fill in the application form in writing, and submit relevant materials at the same time;
2. Sign the contract. After the application materials submitted by the bank borrower are examined and approved, the two parties sign a loan contract and a guarantee contract, and go through the relevant notarization and mortgage registration procedures as appropriate;
3. issue loans. After all formalities are completed, the loan approved by the bank will be directly transferred to the dealer's account by the bank according to the contract.
4. Repay on schedule. The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;
5. The loan is settled.
In the process of handling second-hand car loans, customers should carry complete information. Including a copy of the vehicle registration certificate, a copy of the vehicle driving license, the original owner's ID card and a copy of the contact information (if it is a company, a copy of the organization code certificate is required), a copy of the car purchase contract (with official seal), a power of attorney for used cars and seven photos of the vehicle.
Lawyer Yu Jianghong concluded: The above is the legal knowledge about "minimum down payment for auto loans" compiled and introduced by lawyer Yu Jianghong. To sum up, for general car loans, the down payment is 30%, and the minimum is not less than 20%. Different vehicles, different years, the down payment is different.
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