Where is the second-hand car loan?

Second-hand car loans can be handled through formal institutions, such as commercial banks, auto finance companies and formal lending institutions. These institutions not only provide new car loans, but also provide used car loans. Users can consult dealers who sell used cars, understand the relevant situation of lending institutions, and choose the lending institutions that suit them to make loans.

Can I repay the used car loan in advance?

Used car loans can be repaid in advance. The specific steps and precautions for prepayment are as follows:

1. Make an appointment in advance: If the repayment person wants to make an appointment in advance, he needs to call the bank to make an appointment in advance, instead of making an appointment as soon as he arrives at the bank. Usually, if users want to prepay used cars, they need to make an appointment one month or 15 days in advance.

2. Liquidated damages: Usually, banks that repay less than one year in advance will charge liquidated damages, and the specific expenses will be clearly indicated in the loan contract.

3. Time limit: The advance payment of the second-hand car loan can be paid in one lump sum or in several installments, with no limit on the number of times.