Conditions for handling automobile mortgage without stopping:
1, aged between 18 and 60 years old, with full capacity for civil conduct;
2. The applicant owns a class I motor vehicle in the local vehicle management office, and the ownership of the vehicle belongs to the borrower;
3. Have a loan account and permanent residence in the local area;
4. The income is stable and the loan principal and interest can be repaid on schedule;
5. Other conditions that meet the requirements of the lending institution.
Materials required for handling automobile mortgage without stopping:
1. Applicants need to prepare personal ID card, personal bank card, personal credit report, motor vehicle registration certificate and motor vehicle driver's license;
2. Vehicle Commercial Insurance All Risks Policy: specifically divided into compulsory insurance and commercial insurance. Commercial insurance includes: burglary insurance, car damage insurance, third party liability insurance and deductible insurance;
3. Personal work income certificate;
4. Other materials required by the lending institution.
Automobile mortgage's uninterrupted processing flow;
1. Prepare the relevant information of automobile mortgage in person. For example, personal identity card, household registration book, work certificate, income certificate, bank card flow, marriage certificate, automobile driving license, motor vehicle registration certificate, etc.
2. Apply to the local loan company. After preparing the information, find a company that can handle automobile mortgage without driving.
3. The loan company shall review the materials submitted by the applicant.
After the approval, you should sign a loan contract with the lending institution, go to the vehicle management office to register the vehicle mortgage and install GPS.
5. Repay on time. After the car-free mortgage is successfully handled, the applicant records the repayment on time. However, the door-to-door loan should remind everyone that applying for car mortgage without parking is actually the relevant procedures for parking, and it can be handled by installing GPS. However, in automobile mortgage, the loan amount that can be handled without stopping is only 6-70% of the car's appraised value.
Matters needing attention in automobile mortgage:
1. Consider the burden of capital cost.
The complementarity of risk and income is the eternal law of the loan industry. In the eyes of lending institutions, the sense of security is not very strong because the car is not in hand. Therefore, based on the traditional vehicle mortgage method, interest rates and prices are often raised to make up for the loss of safety.
Take CreditEase's electric car loan as an example. The monthly management rates of mortgaged vehicles and free vehicles are 3.5% and 5% respectively, and the one-time charge is 2%. Suppose the loan is 50 thousand, and it will be paid back after half a year. The total capital cost of the former is 1. 1.50 million yuan, while the latter is 2800 yuan more than 1.43 million yuan. It can be seen that we should not only use the car, but also consider whether we can bear the high capital cost.
2. Choose the appropriate repayment method.
Continue to pay attention to the cost of capital, and let's get down to business. Throughout the automobile mortgage market, the charging standards of various institutions vary greatly. As far as the monthly management fee is concerned, Xinyi, Taihe Fortune and Wansheng Bank have given three rates from high to low, which are 5%, 4% and 2.5% respectively. Careful friends may find that a "black-hearted" guy is twice as expensive as Wansheng Bank. However, this is not the case. The difference in prices stems from the different repayment methods adopted by each other.
The survey found that both Xinyi and Taihe Fortune paid interest first, and then repaid the principal. Because the principal, which occupies the most important position, is scheduled to be paid off in the last month, and the funds need a long time, the price naturally tends to go higher. Wansheng, on the other hand, adopts the method of equal principal and interest repayment, which requires fixed principal and interest repayment every month, and the principal takes up a relatively short time, so it has a price advantage. Therefore, while browsing, we should not only pay attention to the price, but also pay attention to the repayment method, and try our best to make all information transparent.
Not all vehicles can be mortgaged
Due to the weak liquidity of mortgaged vehicles, they are basically reduced to the "blacklist" of vehicles by various institutions, and it is difficult to appear in the market. Fortunately, success is also mortgaged, and so is failure. Because of the status of car slaves, there is a huge force pushing them to the other side with lower prices-unsecured loan market.
Non-parking fee for automobile mortgage:
The fees charged by different institutions are different for handling car mortgage without parking spaces. Through the investigation of different institutions as an example, it shows that you can go through the formalities only by installing GPS without parking on their platforms, which is about 1000 yuan. After the loan is completed, half of the fee can be refunded, and the other half will be collected separately by the third-party platform as the use fee.
The difference between not taking the car and taking it in car mortgage;
1. Automobile mortgage: After the vehicle mortgage registration, the vehicle needs to be parked in the garage set up by the lending institution and cannot be used any more. The loan amount is higher than the non-stop car, the interest rate is lower than the non-stop car, and the loan period is longer than the non-stop car.
2. Non-stop car mortgage: You can still use the car after the loan as long as you go through the relevant procedures of mortgage. It is necessary to install GPS in the car, and the installation fee shall be borne by the borrower. Accordingly, the loan amount is not as good as the former, and there is no advantage in interest rate. The loan term is generally short-term loans.
Million car purchase subsidy