Already a guarantor, you can also borrow money to buy a car. As long as you have the repayment ability, you can still borrow money to buy a car without weakening your original protection ability. Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also called auto mortgage. Object of loan: The borrower must be a permanent resident of the place 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 person with sufficient compensatory 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. Repayment method: you can choose one-time repayment method of principal and interest and installment repayment method (equal principal and interest, equal capital). An auto financing or guarantee company, as a guarantor who repays the principal and interest of the loan and assumes joint liability, is a third party with sufficient compensation capacity.

What is the detailed process of buying a car through a loan from a guarantee company?

Operation process of guarantee company buying a car by installment

How to get to the operation process of buying a car by stages by a guarantee company? If personal conditions do not allow, you can apply for the installment business of the guarantee company, as long as your income is stable and your credit record is good. The specific process is as follows:

1, the owner goes to the garage to see the car first and negotiate the price.

2. Contact the personnel of the guarantee company, accept the inquiry of the guarantee company, and present the relevant required documents (mentioned below).

3. The guarantee company examines whether it has repayment conditions.

4. After approving the loan, you can pick up the car. Just repay the designated bank card every month in the future.

Matters needing attention in choosing a guarantee company when buying a car with a loan

Matters needing attention in buying a car through a loan from a guarantee company are as follows:

(1) You can choose your own insurance company to handle auto insurance, but the general guarantee company will not let you handle it yourself. You need to choose an insurance company and handle it through them.

(2) After the vehicle enters the venue, the car purchase invoice, motor vehicle registration certificate and insurance documents are all owned by the bank, and the bank will only return them to you after you have completed the loan.

(3) The guarantee company shall repay the loan in accordance with the agreed repayment method every month after the formalities for buying a car are completed. However, some guarantee companies often have financing difficulties in the course of operation. As a result, the car loan cannot be paid off on time.

The specific process is as follows:

1. The customer asks the guarantee company for information;

2. The customer applies for guarantee, fills in the guarantee application materials and signs the insurance undertaking. Then the insurance company collects the guarantee fee, and the two parties sign the guarantee mortgage contract;

3. The credit department of the guarantee company conducts a preliminary examination of the customers;

4. The risk control department of the guarantee company sends personnel to the door for review to verify the authenticity of the materials provided by customers;

5. The guarantee company submits the customer's loan application materials to the bank; At present, the credit investigation of loan applicants is mainly through income certificates and home visits. The guarantee amount is generally 65438+ 0% of the loan amount to the higher the car price. Generally speaking, the amount of protection is relatively higher.