It depends on where you go on stage. For example, if you are in the store of your 4 th son, it is usually a credit loan, because although you are in stages, the owner of the vehicle is you; If you buy a car on some car buying platforms, it is basically a mortgage loan, because during your loan period, the vehicle
Second, is car installment a mortgage loan?
Buying a car in a 4S store is a credit loan, and buying a car on some online car platforms is a mortgage loan.
3. Can the installment car be mortgaged?
First of all, answer directly.
In principle, an installment car cannot be mortgaged.
Second, the specific analysis
Because the installment car has been mortgaged once at the time of purchase, the vehicle registration certificate will also be detained by the lending institution. The owner only has the right to use the installment car, but has no right to dispose of it. After paying off the loan, he can get back the vehicle registration certificate and dispose of the vehicle freely.
However, there are also banks that can provide secondary mortgage for vehicles. That is to say, after the bank has applied for installment loans for vehicles, it can use the mortgaged vehicles to apply for secondary mortgage on the premise that the installment vehicles have room for refinancing.
In addition, users can also buy cars by stages and apply for credit loans in the bank, which requires the user's mortgage contract, ID card, driving license, driver's license, vehicle insurance policy, etc.
It should be noted that the original loan amount for car purchase must be equal to or greater than 654.38+ 10,000 for the bank credit loan for car purchase by installment again.
The repayment period is greater than or equal to 12 months or less than 6 months.
The borrower's credit requirement cannot be overdue for more than two times in the last two years, and it is not overdue at present.
But don't take it lightly when online loans are overdue. In addition to being collected, personal credit will also be affected, especially online loans with credit information. Once there is such an overdue record, it will seriously affect the handling of bank loans and credit cards in the future. Even if the processed online loan cannot be credited, you can access big data. Search: Xiaoqi Credit Information can inquire about your online loan history, overdue details of online loans, liabilities, untrustworthy information and online loan blacklist.
3. What is the maximum number of installments for spending money?
Money can be divided into 36 installments at most.
Different users have different credit qualifications, and the optional loan period provided by the system will be different. The specific loan term is subject to the page display.
If you want to apply for a 36-term loan, users can try to apply for a privileged loan with money. As for whether it can pass the audit, the audit result shall prevail.
The longer the loan term, the more interest users need to repay, but the monthly repayment pressure is relatively small, which can be said to have advantages and disadvantages.
4. Why does buying a car by installment show mortgage?
Belong to the mortgage! First of all, the ownership of buying a car by installment is not the owner's, but the ownership of the vehicle belongs to the lender. This is one of the common problems of buying a car by loan, so it is normal to show that the mortgage is only the owner's when the ownership of the loan vehicle is paid off.