The process of buying a car with mortgage loan is as follows:
1, book a car first
2. Handling the loan procedures in the 4S shop includes providing information and signing the loan details.
3. The loan applicant prepares the relevant application materials, then goes to the loan bank to apply for a loan and submits the details of the loan application materials.
4, the loan bank according to the application materials, pre loan review and investigation.
5. The loan applicant can sign a loan-related contract with the loan bank after passing the bank audit.
6. After the loan contract comes into effect, the loan will be issued by the loan bank, and the general loan amount will be directly transferred to the 4S store account.
7. The borrower pays the down payment for the vehicle to the 4S shop, and then goes through the formalities of car pick-up with the car pick-up slip issued by the bank. After the vehicle is licensed, the relevant information will be submitted to the bank for mortgage.
Extended data:
Personal car loan conditions:
(1) People's Republic of China (PRC) citizens, or Hong Kong, Macao and Taiwan residents and foreigners who have lived in People's Republic of China (PRC) for more than one year (including one year) (Hong Kong, Macao and Taiwan residents and foreigners should also designate a local resident with certain economic strength and good reputation as a contact person);
(2) Age 18 (inclusive) to 60 (inclusive), having full capacity for civil conduct and holding valid identity documents;
(3) Having the household registration certificate or valid residence certificate of the place where the handling bank is located;
(four) the credit record and income level are in line with the relevant provisions of the "Measures for the Administration of Personal Credit Business of Agricultural Bank of China" and have the ability to repay loans on schedule;
(five) the car purchase behavior is true, and it can pay a down payment of not less than the prescribed proportion; For the replacement of personal car loans, all the car purchase money must be paid;
(6) Providing qualified guarantees;
(seven) before the implementation of credit business, open a current deposit settlement account or bank card account in China Agricultural Bank, and be willing to accept the credit supervision and settlement supervision of China Agricultural Bank;
(8) If only the purchased vehicle is used as collateral, the personal credit rating shall be above Grade A (general grade) (inclusive); If portfolio guarantee is adopted, the first-tier branch shall determine the credit rating access standard;
(nine) the replacement of personal car loans must be applied to the bank within six months after the registration of new cars;
(10) Other conditions required by the handling bank.
At present, only some models on the market are free of interest and handling fees. Although many credit cards buy cars in installments at zero interest rate, customers have to pay a certain handling fee, which is usually paid in one lump sum at the first monthly payment.
Although interest-free car loans can save a lot of interest, consumers who often buy cars through interest-free car loans can no longer enjoy car purchase discounts.
In addition, because the car is still owned by the bank before the consumer pays off the loan, the bank will put forward measures to prevent risks and let the consumer buy a lot of insurance.
Low down payment is lower, and new cars can enjoy preferential prices. But the down payment is low, the repayment period is long, and there is no preferential interest rate.
Low-interest car loans are often car loans that car manufacturers and banks cooperate with. Manufacturers provide discounts and handling fees, banking approval and loan procedures. At present, such loans are relatively rare.
What is the loan process for buying a car?
Generally speaking, buying a car with a loan has two advantages. First, the saved funds can be used in other places, such as investment, and the money invested may be more than the loan interest; Second, you can accumulate credit, borrow money to buy a car, and as long as you repay on time, you can accumulate good personal credit, which will help you apply for loans and credit cards in the future.
The process of buying a car with a loan is as follows:
First, book a car. Book the car first, then take the loan process, and negotiate with the 4S shop for specific preferential policies.
Second, submit the loan procedures. Usually need: husband and wife identity certificate, driver's license, marriage certificate, real estate license, income certificate, bank running water and other information.
Third, waiting for approval. After the loan procedures are submitted, the bank/vendor finance/third-party finance company will examine and approve the loan applicants' qualifications, which are usually divided into online examination and approval and offline examination and approval. Online approval generally calls the loan applicant; Offline approval is generally a home visit, and it will only be taken if the loan applicant's qualification is not very good.
Fourth, pay the down payment. After the loan is approved, it is necessary to pay the down payment to the 4S store first, and then the 4S store will issue a receipt for the down payment and give it to the bank/finance company for loan.
5. borrow money to pick up the car. Banks/financial companies will lend money to 4S shops or loan applicants, so that they can issue insurance invoices to pick up their cars normally.
If you need to borrow money, you can also choose to spend money under Xiaoman Finance. Qianhua is a credit brand owned by Xiaoman Finance, which provides users with safe, convenient, unsecured and unsecured credit services and borrows money to Xiaoman Financial APP.
Xiaoman Finance will earnestly implement the call of the state to support small and micro enterprises to tide over the difficulties. Its credit service brand has the money to fully support small and micro production and operation, and Xiaoman Finance is the first choice for most small and micro owners. It is reported that 70% of credit users of Xiaoman Finance are small and micro business owners. Up to now, Du Xiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of loans to small and micro business owners.
This answer is provided by Kangbo Finance, focusing on the interpretation of financial hot events, the popularization of financial knowledge, the pursuit of professionalism and interest, so that the financial content that the people can understand can convey financial value in vivid and diverse ways. I hope this answer is helpful to you.
Flowchart of 4s shop loan to buy a car
Go to the 4S shop to negotiate the car price. At this time, if you ask for a loan, the car price will generally be discounted by 5,000 yuan, but at the same time you need to pay a handling fee of about 5,000 yuan (generally 3% of the loan amount, not 3% of the car price). We must pay attention to this.
When the loan process is decided, it should be indicated in the car booking form that it is a loan to buy a car, and that the loan application failed and the deposit will be refunded.
The 4S shop will apply to the loan bank after your order takes effect and the deposit is credited. The loan bank will generally check with you on the second working day and ask you to provide some materials, such as ID card and income certificate. These can be sent to them in the form of pictures.
In about three working days, the application was passed, that is, the bank agreed to lend money.
After receiving the phone call from the bank agreeing to lend money, you take the materials (those you sent pictures to the bank) and go to the lending bank to apply for a savings card. This card has two functions. First of all, you have to invest money to repay the loan. Second, after the bank lends money, it will first transfer the money to your account and then transfer it to the 4S store immediately.
After completing the card, go to their credit department and sign a formal loan contract in duplicate. At the same time, they will give you a loan agreement and other bank information, which will be used when you go to the 4S store for payment.
Wait for the bus. After the bus arrives at the store, the 4S store will inform you that the bus has arrived. You can bring your identification and materials provided by the bank to the 4S shop for down payment, and check the car at the same time. After checking the car, you can't take it away. They will give you a copy of the certificate, and you should check it with the nameplate information on the car.
The 4S shop will give your car information and your down payment to the bank, and the bank will release the money in about 3 working days.
After the bank lends money, your mobile phone will receive a message: how much money will be transferred to your bank card, and then how much money will be transferred from your bank card immediately.
After receiving this information, you inform the salesperson of the 4S store and ask him to check whether the bank loan has arrived. Generally, it will arrive within half a day, and the fastest is immediately.
After receiving the loan, the 4S shop will inform you to pick up the car. Generally speaking, you can go to the 4S shop to pick up the car the next day.
Extended data:
Matters needing attention in buying a car with a loan:
Buying a car with a loan is all insurance. According to the 4S shop, the loan to buy a car is not yours, but the bank's. The bank needs you to keep the vehicle safe and intact before paying off the loan.
4S stores may install a GPS positioning device in your car in case you run away, which is uncertain.
The 4S shop will urge you to get the license within a time limit, and there will be problems after the time limit.
After obtaining the license, the copy of the vehicle registration certificate and commercial insurance will be handed over to the bank as collateral by the 4S shop.
Some stores will force you to buy insurance in 4S stores during the loan period.
Some informal shops are tricky about interest rates, so we must understand them clearly.
4s shop loan car purchase fee
When signing a car purchase contract with the 4S store, please specify the loan fee and the specific amount of service items with the 4S store.
If the 4S shop can't write this fee into the contract or issue the corresponding detailed invoice, the consumer has the right to refuse to pay the above fee, and can't rush to buy a car and pay this unclear "money".