Used car loans can last up to three years.
Borrowers applying for second-hand car loans can apply for a loan period of up to three years, and the shortest period is several months, depending on their financial ability. Generally, the down payment for second-hand car loans cannot be less than 50% of the total car purchase price, and the total loan amount is between 40,000 and 3 million yuan.
In addition, used cars applying for loans are also limited in service life. Generally, the service life of a used car can't exceed 5 years, and then you can't apply for a used car loan.
Second-hand car loan, that is, second-hand car mortgage loan, refers to the loan issued by commercial banks to individual borrowers to buy second-hand cars for consumption and use the purchased cars as collateral for loans. Second-hand cars have great development potential in China. Many people need second-hand cars very much because of their limited economic ability or just for practicing or transitional use.
Since 2008, China automobile market has entered the fast lane of development. In just five years, China automobile market has changed from a big automobile consumption country to the largest automobile production and sales country in the world. According to the time for changing cars after five years' use, the car market in China will gradually enter the car changing tide in the next few years.
The used car market will also change from building consumer confidence to serving consumers. A second-hand car trading market in Zhongshan, together with six banks, officially launched the installment payment business for second-hand car consumption to the public. This means that citizens can buy used cars through car loans. The second-hand car loan business finally broke the ice.
The most common thing is to apply for a loan from a bank. However, banks have requirements on the price and age of used cars, and the procedures are complicated. Banks applying for loans also have its advantages. The interest rate of bank loans is lower than that of general financial institutions, which is its greatest advantage.
Secondly, you can apply for loans from local financial lending institutions that specialize in loans. Generally speaking, the loan speed and quality of existing customers of financial institutions will definitely be many times higher than that of banks. The advantage is that applicants don't have to wait too long to apply for second-hand car loans, and the amount they can generally apply for will be more satisfactory. Another method is private lending agreement. The relationship between the buyer and the seller is good, and the buyer can't raise that much money for a while, so he can agree with the seller to pay back the money on a monthly basis.
First of all, the bundled cooperation with the used car market has greatly reduced the risk of non-performing loans. The guarantee company enters the market and has a fixed business place. Vehicle evaluation and transaction audit are carried out for professional companies that have passed the market, especially for the quality status and process of used cars, and medieval evaluation company is designated as the only partner, which eliminates the damage caused by "false evaluation" from the source, greatly improves the accuracy of evaluation, and is very effective for bank risk control.
Secondly, the loan profit is low but the scope is relatively narrow. According to the money search. Com, used car loans are mainly for used cars with a total value of 800,000-800,000, and they must be domestic cars. This delimits the scope to a certain extent, and excludes some potential models with loan demand. There are certain reasons for this consideration in the early stage of development. In the market survey, many used car companies expressed their understanding and hoped that with the business development, the risks would be well controlled and the scope would be expanded.
Finally, the loan period is as long as three years, which controls the generation of non-performing loans to some extent. Because the total price of vehicles is relatively cheap, the repayment pressure of users is not great, and the interest rate borne by loans is relatively low. In addition, both companies indicated that they have effective non-performing loan control and management systems, but the approval time is 5-7 working days, which may affect the rapid development of their business.
Can I get a loan to buy a used car? How many years at most? What's the procedure?
You can also get a loan to buy a used car. The valuation of this car is between 800,000 and 800,000. There are requirements for buying a used car loan. The longest loan period for a used car is three years, and the car is not more than seven years. Moreover, the borrower must pay more than 50% down payment.
Material formalities: ID card, household registration book, housing certificate, income certificate (monthly income must be twice the monthly repayment amount), two one-inch recent photos, marriage certificate and spouse certificate if the car buyer is married. You can go directly to the bank.
Extended data:
Five transfer points:
First, the production certificate should have the stamp number, engine number and registration date on the legal production certificate, which are all points that need special attention. In addition to verification, we should also pay attention to whether there are traces of alteration, which can basically be equated with a trading trap.
Second, the vehicle purchase tax must check the original vehicle tax bill. Some cars have not paid the purchase tax before. After the transfer, these unpaid and tax-free vehicles will be required to pay the purchase tax. This is a huge expenditure, so it is necessary to determine who will pay for it.
Third, there is basically no loophole in the content of road maintenance fees. As long as you pay attention to the payment voucher, the period of road maintenance fees is clearly recorded and can be avoided. (Now the road maintenance fee has been cancelled)
Four, insurance transfer procedures should be cleaned up in time to avoid unnecessary trouble when making claims.
Five, the vehicle itself is mortgaged, and the supervised vehicle is prohibited from trading. Vehicle information can be inquired through the vehicle management office.
Reference link: Baidu Encyclopedia-Used Car
How many years can second-hand car loans last?
Used car loans can last up to three years.
Borrowers applying for second-hand car loans can apply for a loan period of up to three years, and the shortest period is several months, depending on their financial ability. Generally, the down payment for second-hand car loans cannot be less than 50% of the total car purchase price, and the total loan amount is between 40,000 and 3 million yuan. In addition, used cars applying for loans are also limited in service life. Generally, the service life of a used car can't exceed 5 years, and then you can't apply for a used car loan.
Used car loan requirements:
1. The owner of a motor vehicle shall be a natural person under the age of 60 with full capacity for civil conduct. 2. Good credit.
3. Have a fixed job or a stable income. 4. The owner of the motor vehicle shall be the same as the lender himself. You can only apply for a second-hand car loan if you are fully qualified.
Problems existing in automobile loan
After the motor vehicle completes the loan, the missing procedure is the motor vehicle registration certificate, which is kept by the lending institution and returned after the motor vehicle owner pays off the loan. After the return, the motor vehicle officially belongs to the owner of the motor vehicle.
After all the motor vehicle loans are paid off, you need to bring the motor vehicle registration certificate to the local vehicle management office or the traffic management department of the public security organ for mortgage cancellation. After the formalities are completed, the ownership of the motor vehicle will be owned by the owner and can be sold.
The People's Bank of China and the China Banking Regulatory Commission stipulate that the maximum loan ratio for self-use traditional power vehicles is 80%, and the maximum loan ratio for commercial traditional power vehicles is 70%. The maximum loan ratio for self-use new energy vehicles is 85%, and the maximum loan ratio for commercial new energy vehicles is 75%; The proportion of second-hand car loans is up to 70%.
The application process of second-hand car loan is:
1. The borrower first goes to a second-hand car dealer to buy a car, and then applies for a loan in the bank after determining the model to be purchased;
2. Fill in the loan application form and submit relevant materials;
3. The bank conducts an audit;
4. After the approval, the borrower signs a second-hand car loan contract with the bank to handle insurance, mortgage and other handling fees;
After the formalities are completed, the bank will lend money to the second-hand car dealer. After the loan funds arrive, the borrower can pick up the car.
The materials needed to apply for a used car loan generally include ID card, work certificate, income certificate, car purchase invoice, driving license, car purchase contract, etc.
How long does it take to get a second-hand car loan?
Generally, it takes about 15 to 20 days to apply for a second-hand car loan, and the specific time may be different. I suggest that when you apply for a loan, try to ensure that your personal information is complete and the materials provided are complete, which can reduce the time for applying for a loan. The faster the loan institution reviews, the shorter the time it takes. You can consult the lending institution for specific time.
In the process of handling the loan, if the loan has made new progress, the lending institution will inform you by SMS or telephone, or directly go to the lending institution to inquire about the loan progress, know the progress in time, and estimate the estimated time according to the progress.
Second-hand car refers to a motor vehicle registered by the public security traffic management organ, which can still be used before reaching the scrapping standard stipulated by the state or within the economical and practical service life.
UsedCar, translated as "SecondHandVehicle" or "used car" in English, means "used car" or "used car", which is called "used motor vehicle" in China. "Medieval car" is a Japanese name, but it is also called "Medieval car" in Taiwan Province province.
North America is the most developed market for used cars, because ordinary people may not buy used cars, and most of them are cars and family jeeps, so there is a very popular name "used cars" in North America.
The government work report proposes to extend the preferential purchase tax policy for new energy vehicles for another three years and completely cancel the policy of restricting the movement of used cars. Experts said that this will promote the further release of the potential of the used car consumer market.
2065438+In May 2009, the Ministry of Commerce, the Ministry of Public Security and the General Administration of Customs held a special conference on the export of used cars, which officially started the export of used cars. The first batch of used cars are exported to Beijing, Tianjin, Shanghai, Zhejiang (Taizhou), Shandong (Jining), Guangdong, Sichuan (Chengdu), Shaanxi (xi 'an), Qingdao, Xiamen and other provinces and cities.
How long does it take to handle the second-hand car loan process?
The second-hand car loan process takes 15 to 20 days, and the second-hand car loan process is as follows: 1. Apply for a loan. When consumers decide to buy a car, they first need to consult the bank outlets and the special dealers recommended by the consulting outlets, fill in the materials for applying for a loan to buy a car, and submit them to the dealers for preliminary examination, including bank loan materials and loan contracts. 2. Pay the down payment and sign a car purchase contract. The bank will notify the car buyers who meet the loan conditions to sign the second-hand car consumption loan contract within 15 working days after accepting the loan application. After the borrower pays the down payment, he signs a car purchase contract with the dealer, and the insurance company handles the corresponding auto insurance; 3. The bank will issue the loan after review, and the special dealer will hand over the customer's car purchase invoice, payment document and driving license (copy) to the bank within 15 days after receiving the loan notice. After the customer completes the property insurance formalities, the bank issues loans to the borrower; 4. After the dealer delivers the vehicle and the bank lends money to the car dealer, the dealer goes through the intermediate procedures such as vehicle entering the factory, licensing and vehicle insurance, and delivers the vehicle to the car buyer at the agreed time.
Used car loan for several years
Second-hand car loans can be loaned for up to 3 years. The specific loan term depends on the borrower's situation, and different borrowers will be different, so other factors should be considered in the specific year.
Lending institutions will review the borrower's personal qualifications, and the loan life of used cars will be approved by reviewing the qualifications, but the longest approved life will not exceed 3 years.
Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.
Type of automobile loan
Personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan.
The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.
In addition to the above fees, personal auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits.
And credit cards, car loans. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records.
The specific steps of buying a car by credit card in installments are roughly as follows:
1. The cardholder (or applicant) calls the bank's credit card center or goes to the local bank to find out whether he can apply for a credit card car loan.
2. The cardholder will fill in the installment order of car purchase at the dealer with his ID card, and the bank background will review it.
3. After the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.
4. After the vehicle is licensed, the cardholder needs to go to the bank to go through the mortgage formalities and purchase the required auto insurance.
Finally, I can drive the car away smoothly.
loan limit
The maximum loan amount generally does not exceed 80% of the price of the purchased car.
Treatment process
First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.
Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If so, there is no need to sign such a contract.
Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.
Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.
Automobile loan channel
1. auto financing company: the biggest advantage lies in convenience and low threshold. Companies are generally founded by car companies. Its "convenience" is not only reflected in the direct application through 4S stores, but also in the fact that there are no requirements for hard conditions such as hukou and real estate.
2. Buying a car with a credit card: The most obvious advantage lies in the loan interest rate, which is half lower than the traditional bank car loan interest rate. Ordinary credit cards can be applied, and the models are also cross-brand, with a wide range of choices. The premise is that you need a higher credit line to enjoy it.
3. Bank car loans, banks are facing the pressure of tightening credit scale, consumer loans such as car loans have shrunk sharply, and the loan doors of some middle and low-end cars have been temporarily closed. The biggest advantage is a wide range of choices. Car buyers can go directly to the bank to apply for personal car consumption loans after they take a fancy to the models.