Now the application for installment payment of used cars is simpler than in the past. As long as the buyer has a good reputation, there is no need to provide real estate mortgage, just pay the full down payment, and the rest can apply for a car loan.

By means of "installment payment", it not only lowers the consumption threshold of the used car market, but also makes the used car market more and more prosperous.

Extended data:

Bank's installment repayment is an installment repayment business launched to avoid penalty interest according to the total consumption limit when customers can't repay the overdraft amount of credit cards at one time.

Compared with installment payment, installment payment is different in application procedure and application scope.

Reference: installment payment Baidu Encyclopedia