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Can the car bought by parents with a loan hit the children?
I can't. The owner and the lender must be the same person. During the loan period, the title certificate of the car is in the bank and no transaction can be made. According to the relevant laws and regulations of our country, the interest rate of auto loans shall be subject to the loan interest rate regulations published by the People's Bank of China, and the method of interest calculation and settlement shall be determined by both borrowers and borrowers through consultation.

Measures for the administration of automobile loans

Article 4 The term "self-use vehicles" as mentioned in these Measures refers to non-operating commercial vehicles purchased by borrowers through auto loans, used cars purchased by borrowers through auto loans for profit, new energy vehicles that have gone through the transfer procedures according to law during the period from the completion of registration procedures to the national compulsory scrapping standards, and vehicles that are completely or mainly driven by new energy, including plug-in hybrid vehicles (including extended range vehicles), pure electric vehicles and fuel cell vehicles.

Article 5 The interest rate of auto loans shall be implemented in accordance with the loan interest rate regulations published by the People's Bank of China, and the methods of interest calculation and settlement shall be determined by both borrowers and borrowers through consultation.