Generally, there are two options for the loan term: 3 years and 5 years, with the longest term not exceeding 5 years.

The application conditions for auto loan are as follows:

1. Car buyers must be at least 18 years old and be China citizens with full civil capacity.

2. Car buyers must have a relatively stable job, a relatively stable economic income or assets that are easy to realize, in order to repay the loan principal and interest on schedule.

3. During the loan application period, the car buyer will deposit the down payment for car purchase lower than that stipulated by the bank into the account of the bank savings counter.

4. Provide banks with bank-approved guarantees. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.

5. Car buyers are willing to accept other conditions deemed necessary by the bank.

Automobile loan processing flow:

1, customer application. Customers apply to the 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 borrower are approved by the bank, 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 the formalities are completed, the loan approved by the bank will be directly transferred to the car dealer 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. loan settlement.

Second, I want to buy a car, but the money is not enough. Is it worthwhile to borrow money to buy a car now? Is it okay to repay the loan? The main thing is to use the car urgently!

Nowadays, there are many cars with zero interest rate for many years, so it is very cost-effective to buy them with loans.

Third, how many years is the most cost-effective car staging?

The longest loan period for buying a car is 3 years, and some will have 5 years. Some people think that the longer the term, the more cost-effective, while others think that the shorter the term, the more cost-effective. In fact, it depends on whether the borrower wants to save interest or make his repayment pressure less. Please see the introduction below for details.

1. Look at the interest expense: whether it is three years or five years, it is a short-term loan 1~5 years, and an interest rate standard is implemented. In the case of the same loan amount and interest rate, it is natural that the shorter the term, the more interest will be saved. For this reason, if you choose the most cost-effective loan term for the purpose of saving interest, it is natural that the loan term of three years is slightly better.

2. Look at the repayment pressure: in the case of the same loan amount and interest rate, the longer the loan term, the less the monthly payment, and the less the repayment pressure. For this reason, if we choose the loan term with the highest cost performance for the purpose of low repayment pressure, it is naturally a long loan term. Speaking of inflation, there are high-yield wealth management products in hand, and it is not bad to invest less money every month.

4. What is the most cost-effective way to buy a car in a few years? How many years is the car loan?

Buying a car by stages is the mainstream way to buy a car at present. General manufacturers and distributors have a variety of schemes, including 1 year (12), 1.5 years (18), 2 years (24), 3 years (36) and 5 years (60). The more installments, the higher the interest.

However, it is not that the less you can say, the better. The most cost-effective way to buy a car in a few years depends on the specific financial plans of manufacturers and dealers. For example, Mazda 3 Angkeira's current financial plan is 36 periods with zero interest, so it is definitely the most cost-effective to buy Angkeira within three years. Interest is paid every 1 or two years.

Another example is the Accord. Now all agreements can enjoy 24 periods of zero interest rate, so you naturally won't choose 1 year and a half or three years.

It should be noted that the official financial plan has a time limit, so you must read it clearly before buying a car; In addition, these plans may be tied to some other consumption, such as returning to the store for maintenance during the installment period. You need to ask clearly when you talk about the price with sales. There are also 4S stores in different regions of the same brand, and the financial plans are basically the same, but the incentives for naked cars may be different. It's best to ask prices in multiple regions. If you are lucky, you may meet a 4S shop, and you are willing to give a bigger discount if you want to meet the manufacturer's indicators!