Loan to buy a car is divided into two modes, bank loan and dealer loan. At present, loans to buy cars mostly come from banks, and the bank loan process is summarized as follows:
1. Apply to the bank.
After the car dealership is optimistic about the car it likes, it should fill in the Application Form for Automobile Consumption Loan and the Questionnaire on Credit Status, attach relevant certificates of personal situation, and submit them to the bank together with the price and parameters of the car.
2. Bank investigation and approval.
After receiving the loan application, the bank will investigate the credit status of the borrower and the guarantor, and notify the borrower to fill in the corresponding loan application form in time if it meets the loan conditions.
3. Signing a contract: After approval, the bank will notify the borrower to sign a loan contract.
4. Lending: After signing the contract, the bank will lend money.
5. Handling car pick-up procedures: the borrower submits the down payment, handles the car pick-up procedures with the passbook and the car pick-up note issued by the bank, and gives the car a license.
The above is the process of buying a car with a loan. When a car buyer borrows money to buy a car, it is best for the lending bank or lending institution to choose a safe, reliable and honest one.
What is the process of handling car loans?
Loan to buy a car loan process:
1, customer application. Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time;
2. Sign the contract. After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract, and go through the relevant notarization and mortgage registration procedures as appropriate;
3. issue loans. After all the formalities are completed, the loan approved by the bank will be directly transferred to the car dealer account by the bank according to the contract;
4. Repay on schedule. The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;
5. loan settlement.
deadline
Usually the shortest is 6 months and the longest is 5 years. Shanghai Industrial and Commercial Bank can extend the automobile consumption loan under the official car reform to 8 years at the longest. The longest loan period of Shanghai Agricultural Bank for self-use vehicles is 5 years, and the longest loan period for operating vehicles is 3 years.
The loan interest rate is 4.2% for six months, 4.425% for 1 year, 4.575% for three years, 4.65% for five years and 4.8% for eight years (Shanghai Industrial and Commercial Bank).
5.04% in 6 months, 5.3 1 year, 5.49% in 3 years and 5.58% in 5 years (Shanghai Pudong Development Bank and China Construction Bank).
Repayment method
For loans with a term of less than 1 year, the principal and interest are generally repaid in one lump sum on the maturity date of the loan, and the interest is paid off together with the principal. There are two main repayment methods for loans over one year, and the calculation formula of monthly repayment interest is as follows:
Matching repayment method of principal and interest: total loan amount × monthly interest rate × monthly interest rate ÷[( 1 interest rate) Total repayment months-1].
Average repayment method: loan principal ÷ total repayment months (loan principal-accumulated repaid principal) × monthly interest rate.
According to statistics, many consumers prefer to borrow money to buy a car. Before buying a car with a loan, you need to fully understand relevant knowledge.
Pay attention to the black tricks of lending to buy a car.
The first black trick: make excuses in the process of car loan and charge more.
This is also the most commonly used trick of many car loan guarantee companies and car dealers, and it is also the best one, because friends who handle car loans are often eager to get a car, and there are few friends who know these expenses carefully in private. In addition, the current car loan industry is not very standardized, and there is no exact charging standard for car loans. Therefore, many car dealers have opened their mouths and added unwarranted fees everywhere. Even a project has several names and repeated charges. Cracking this trick is actually very simple. There is a lot of information on the internet now. Spend more time, shop around, and go to the jar to see the experiences of friends who used to apply for car loans. Basically, you can see through those fares. The trouble of remarriage, car loans have to be reissued.
The second trick is black trick: not handling car loans according to the agreed standards.
At present, there are many automobile loan guarantee companies. Many guarantee companies blow their services like flowers in order to win customers. Even many car loan companies often give many promises when consumers go through the formalities, but in fact these promises are mostly empty talk. After the auto loan contract was signed, many original promises could not be handled smoothly. At this time, if you go to them again, the loan company will often stick to it. Loan to buy a car, car loan or mortgage loan?
The third black trick: use the car purchase contract or agreement to deceive consumers.
When signing a car loan contract, some consumers indicate in the contract that the repayment method is "equal principal and interest repayment method", but consumers print the details of personal car loans in the bank as "increasing principal and decreasing interest". Obviously, the dealer (intermediary company) must have done something wrong.
Although the car loan policies of major banks are basically the same, they have their own characteristics, so individuals can learn about bank loans and make choices.
The whole process of loan car purchase process
The process steps of buying a car by loan are: 1. Customers choose and order cars, sign a car purchase agreement with car dealers and pay a deposit. 2. Prepare personal ID card, bank account, car purchase agreement and other materials to apply for car loan at the bank (auto consumption finance company) business outlets, collect the application form at the counter to fill it out, and then hand the completed form together with the materials to the staff.
3. After the bank (auto consumption finance company) accepts the application, it starts to sort out the information, carries out the examination and approval, and informs the customer as soon as the examination and approval result comes out. 4. After receiving the notice, the approved customer will sign the loan contract at the outlet within the agreed time, handle the vehicle mortgage and other related procedures, pay the down payment at the 4S shop, and then wait for the loan.
5. The loan funds are paid to the account. After the 4S shop receives the final payment, the customer can take the personal ID card to pick up the car and give the car a license. Then, remember to repay the car loan in installments on time according to the repayment plan agreed in the loan contract. After the car loan is settled, the customer can apply for the loan settlement certificate, get back the vehicle registration certificate, and then go to the vehicle management office to understand the mortgage procedures.
This is the introduction of Shenyang car loan process and the end of Shenyang car loan process and procedure. I wonder if you have found the information you need?