Under normal circumstances, you can't pick up the car on the day of loan purchase. Different from other commodities, cars need to go through insurance, certification, car inspection, licensing and other procedures. It is complicated, and it usually takes 7 working days to complete the application. Loan to buy a car means that the borrower who applies for buying a car pays part of the down payment in advance, and the lender pays the rest to the buyer in installments. Under normal circumstances, banks will review the application materials provided by consumers before they can go through the formalities of car loan. Bank car loans are usually 7- 15 days, and some are as long as one month. Please consult your local bank or company for details. Million car purchase subsidy