This is a precautionary measure taken by banks to reduce risks. No need to find a guarantee company. Your relatives and friends can be your own guarantors or use your own property as collateral. Guarantee companies generally cooperate with banks, which can improve the speed of examination and approval and house payment. Therefore, there is no need to find a guarantee company for car loans.
What role does the car loan guarantee company play?
Insurance Bian Xiao helps you answer, and more questions can be answered online.
In China, the automobile consumption credit and guarantee industry is a new thing. After the reform and opening up, with the increase of people's income and the change of consumption psychology, people began to accept and practice the consumption mode of "spending tomorrow's money and driving today's car" and improve their quality of life with reasonable financial management methods. In addition, the increasingly mature automobile market and the frequent listing of new cars have also triggered people's desire to buy and change cars.
In reality, many consumers are unable to pay the full amount in one lump sum when buying a car, and need to borrow money from the bank. Moreover, a car is an object that can move at will, which is different from a house, and the security of bank funds is challenged. At present, China's personal credit system is not perfect, and the risks that banks bear in automobile consumption loans are much higher than those in housing consumption loans. Third-party professional institutions need to cooperate with banks to complete the risk control and management of loan customers. In this case, guarantee companies came into being, and gradually intervened in the automobile consumption market, providing full guarantees for consumers and decomposing risks for banks. What do you mean by "full guarantee"? That is to say, from the first day of the consumer loan to the last day of settlement, if the consumer fails to repay one day during this period, the bank will deduct the guarantee company's deposit in the bank. With the guarantee of the guarantee company, consumers can borrow money from the bank and get on the bus as soon as possible.
Automobile consumption credit guarantee is a relatively new industry in China, which has been 10 years since its birth. After rectification and standardization in 2003 and 2004, China's automobile consumption loan guarantee industry has made great progress and become an indispensable force in the automobile circulation field.
By providing guarantee, the guarantee company not only meets the demand of consumers to buy cars by stages, but also greatly promotes the sales of cars and makes great contributions in the field of automobile circulation. Take Beijing as an example. Last year, the sales volume of new cars reached 700,000, and the installment payment accounted for about 65,438+05%. More than 60% of the installment business is completed through the operation of the guarantee company. Founded in 2004, Zhongshuo guarantee company, which has been engaged in personal automobile consumption loan guarantee business, is a typical representative. In recent years, Zhongshuo Guarantee Company has provided car purchase guarantee services to tens of thousands of car buyers. On the one hand, it satisfies customers' dream of buying a car through guarantee service, which promotes the development of automobile consumption credit market; on the other hand, it ensures the safety of bank lending funds through effective risk control means, which is not only supported and recognized by banks, but also supported by automobile dealers.
However, it cannot be ignored that the development of this industry is still very difficult at present, and the guarantee companies are still facing great difficulties and helplessness. The main reason for this dilemma and helplessness is that the public does not know much about the risks undertaken by guarantee companies and the specific operation mode of automobile consumption loans, which leads to many misunderstandings and negative comments on many guarantee companies and even the whole automobile consumption loan guarantee industry. When reporting on the guarantee industry, some media do not understand the risks and business operation procedures of the guarantee industry, which leads to the impersonality and incompleteness of the reporting content, misleading consumers, and is not conducive to the healthy development of the automobile circulation industry. The aforementioned Zhongshuo Investment Guarantee Co., Ltd. has encountered such a situation. This requires guarantee companies to increase publicity means to let consumers know about the guarantee business and related processes, especially the risks undertaken by guarantee companies.
The charging problem of automobile loan guarantee company
The handling fee of loan1.20,9400 is a bit high. The general guarantee fee is 3% of the loan amount. Did you know in advance that 4S stores let you borrow money from banks through loan guarantee companies? If you don't know how the 4S shop tricked you into going in, you should have proof. Tell him there is no problem with infringement. You should have the right to know about the car and loan you bought. You should have proof. If you can't swallow this tone, consult a lawyer. However, if you don't want to make things big and cause trouble, you should write an agreement with 4S stores and guarantee companies to ensure that they will not accept any form of money in the future. This is reasonable. After the loan is approved, the loan guarantee company can no longer charge any fees. After you pay back the money, there is still some money to be returned to you, such as guarantee deposit and listing deposit. Remember, if there is an agreement. Just consider the extra money and oil gone and be happy. Your purpose is to buy a car and drive to the car you bought, not to argue with those bastards. When signing an agreement, not only the other party should sign it, but also the official seal should be affixed. Stamps are much more useful than signatures. In fact, it depends on your own choice, discuss with your family and consider it from all aspects.
How do guarantee companies apply for auto loans? What should guarantee companies pay attention to when making car loans?
We usually buy a car, and the loan is also from buying a car or applying for it. Then do you know that guarantee companies can also apply for car loans? bank
Let's see how to apply together.
The specific process is as follows:
1. The customer asks the guarantee company for information;
2. The customer applies for guarantee, fills in the guarantee application materials and signs the insurance undertaking. Then the insurance company collects the guarantee fee, and the two parties sign the guarantee mortgage contract;
3. The credit department of the guarantee company conducts a preliminary examination of the customers;
4. The risk control department of the guarantee company sends personnel to the door for review to verify the authenticity of the materials provided by customers;
5. The guarantee company submits the customer's loan application materials to the bank; At present, the credit investigation of loan applicants is mainly through income certificates and home visits. The guarantee amount is generally 1% to 1.5% of the loan amount. Generally speaking, the higher the price, the higher the amount of protection.
Matters needing attention in buying a car through a loan from a guarantee company are as follows:
(1) You can choose your own insurance company to handle auto insurance, but the general guarantee company will not let you handle it yourself. You need to choose an insurance company and handle it through them.
(2) After the vehicle enters the venue, the car purchase invoice, motor vehicle registration certificate and insurance documents are all owned by the bank, and the bank will only return them to you after you have completed the loan.
(3) The guarantee company shall repay the loan in accordance with the agreed repayment method every month after the formalities for buying a car are completed. However, some guarantee companies often have financing difficulties in the course of operation. As a result, the car loan cannot be paid off on time.