Personal credit loans do not need mortgages and guarantees to buy a car. This pays more attention to personal credit, can't have a bad record, and has a stable job.

Personal credit loans can generally be used to buy a car for five years, with a down payment of more than 30%, but the interest rate of personal credit loans is relatively high.

2. Real estate mortgage loan car purchase

As the name implies, buying a car with a real estate mortgage means that you can only get a loan if you own a house. Generally speaking, you can get a loan for up to five years, but generally speaking, 4S stores now have a loan term of three years and a down payment of more than 30%. The interest rate is mainly determined by your loan type and your personal qualifications.

3. Buy a car by installment with a credit card

Credit card installment is suitable for consumers who lack a small amount of car purchase funds, because the amount and repayment interest rate are greatly limited. Some banks with stable income can complete the examination and approval within a few hours at the earliest, and generally have no household registration and property restrictions.

4. Bank personal car loan

The interest rates of China's four major banks (China, agriculture, construction and industry) are relatively high, but they fluctuate slightly on the basis of the central bank's benchmark interest rate, and the audit procedures require lenders' professional income and credit.

However, the interest rates of some joint-stock banks (China Merchants Bank) and local banks are relatively low. The disadvantage is that the application procedure is complicated, and the lender needs to provide a series of proof materials, effective rights pledge recognized by the bank or a third-party guarantee with compensatory ability.

5. Loans from auto financing companies

Auto finance pays more attention to the lender's personal credit, education and income. The loan conditions are relatively loose, but the interest rate is relatively high and the approval time is relatively long. Flexible repayment, simple procedures and faster lending.

Extended data:

What are the conditions for applying for a loan?

1.？ First of all, you are a normal China person, and you must be 18 years old.

2.？ You must have an ID card, and it is the second generation.

3.？ Work normally and earn a stable and reliable income, otherwise you can't pay back the money and interest.

4. Generally, the monthly income is not less than 5,000 yuan, and proof of running water for half a year is provided.

5.？ If you have a job, of course it depends on your social security payment record.

6.？ You must also have a local residence permit (some 4S stores don't need it).

7. Your credit should be good.

8.？ Other loan conditions stipulated by the lending bank.

Reference link: mortgage to buy a car-Baidu Encyclopedia