According to the relevant regulations of the mortgage bank, the purchased vehicles are self-use vehicles, and the longest loan period does not exceed 5 years; The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years. Generally, the purchased vehicles are for personal use, and the longest loan period is no more than 5 years; The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years. Please consult your local dealer for details.

Where a loan is applied by pledge or a bank or insurance company provides joint liability guarantee, the down payment shall not be less than 20% of the purchase price, and the maximum loan amount shall not exceed 80% of the purchase price.

Extended data:

Precautions:

1, no loan, non-refundable deposit.

When a car buyer chooses a car, the dealer usually asks for a part of the deposit first. At this time, we must pay attention to it. When paying the deposit, we must make an agreement with the dealer. If you can't get a loan, how to refund the deposit.

2. Pay attention to the length of the loan term.

The longest loan period of credit card car loan is 2 years, which is a little less than the longest loan period of 5 years for auto financing companies and commercial banks. For consumers with less income, the pressure of monthly repayment will be great.

3. Loan to buy a car. During the loan period, the borrower's real estate license, car purchase invoice and all-insurance policy should be placed in the bank, and the mortgage will be released after the borrower pays off the loan.

People's Network-Shocked! There are so many ways to borrow money to buy a car.