First of all, traditional bank loans
Traditional bank loan is the most traditional way of car loan. The advantage of bank car loan is that the expected annualized interest rate is low, but the disadvantage is that the examination and approval procedures are complicated, the qualifications of lenders are high, and the loan process is complicated.
Second, credit card loans.
Compared with bank loans, credit card loans do not need to mortgage vehicles, that is, there is no "vehicle mortgage" information in the Great Green Paper, so you can buy and sell without loan restrictions.
Three. Automobile manufacturer finance company loan
Generally speaking, the loans of finance companies of automobile manufacturers are loans from finance companies established by automobile brands to users. Compared with traditional bank loans, the expected annualized interest rate is slightly higher, but the approval speed is fast and the qualification requirements for lenders are not high. In addition, auto brand finance companies will do some activities from time to time, and the manufacturers will lend money after discounts. In this case, it is expected that the annualized interest rate will even be lower than that of traditional banks.
Fourth, Internet financial loans.
Internet finance is one of the popular loan methods in recent years. Compared with other channels, their credit process is the simplest and the approval speed is the fastest, but the disadvantage is also obvious, that is, the interest is higher.
Verb (abbreviation of verb) financial lease
Auto financing lease means that the user signs a lease contract with the financing leasing company, and the full amount of the car purchase is borne by the financing leasing company. Therefore, the ownership of the car belongs to the financing leasing company, and the user needs to pay the rent for the car used by the financing leasing company every month, and then transfer the vehicle to the user after the lease expires. The advantages of financial leasing are lower threshold, faster approval speed, no need to pay a large down payment, just bear the monthly rent on a monthly basis.
Six, a variety of repayment methods
After talking about the main channels of loans, let's talk about the mainstream repayment methods, most of which are equal principal and interest, average capital, 5050 scheme and so on.
There are several ways to get a car loan.
Loans to buy a car include bank car loans, credit card installment loans, unsecured credit loans and auto finance company loans.
What kind of loan does car loan belong to?
What kind of loan does car loan belong to? Car loan is a kind of consumer loan. Based on consumer credit, commercial banks and financial institutions provide loans to individual consumers to buy durable consumer goods or pay various fees, which is called consumer loans, also known as "consumer loans". Consumer loans are divided into different types according to different standards. For example, from the perspective of repayment period, it can be divided into one-time repayment loans and multiple repayment loans; Judging from the lending relationship between banks and consumers, it can be divided into direct loans and indirect loans; According to the purpose of the loan, it is divided into automobile loan, housing loan, housing improvement or repair loan, education and study loan, small living loan, holiday and tourism loan, etc. Introduction of car loan: car loan refers to the loan issued by the lender to the borrower who applies for buying a car, also known as car mortgage. There are generally three ways of car loan: 1. Auto financing company: The biggest advantage lies in convenience and low threshold. Companies are generally founded by car companies. 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. The premise is that you need a higher credit line to enjoy it. 3. Bank car loan: The biggest advantage is a wide range of choices. After seeing the car models, car buyers can apply for personal car consumption loans directly to the bank.
What are the types of automobile mortgage? Be sure to read it before lending!
There are many people who own cars now, and the trading market is in a hot state. Many car owners will choose to mortgage their cars when they are in urgent need of money in order to obtain large amounts of money. In fact, there are many kinds of automobile mortgage. Today I will introduce several types. You can choose freely according to your own needs.
1, semi-mortgage mode
Suitable for mortgage vehicles. The notable feature is that you can't go to the vehicle management office for mortgage registration, and the risk control process is strictly reviewed. In the data review, you will focus on the borrower's qualifications and personal credit information. For platforms, this model is extremely risky, so few platforms are willing to make mortgage loans.
2. Mortgage mode
If the borrower needs to use the vehicle as collateral, the platform will evaluate the vehicle and review the borrower's information. After confirmation, I will go to the vehicle management office to register the mortgage, and then install a GPS tracking system to handle the business for the borrower. Generally speaking, the borrower can get a loan of 50-70% of the vehicle appraisal price, and the interest is relatively high.
3. Pledge mode
Contrary to the mortgage mode, the borrower provides the vehicle to the platform for safekeeping, and the platform owns the vehicle. Once the borrower defaults, the platform can dispose of the vehicle by itself, giving priority to compensation. Because the pledge mode is convenient for asset disposal, the borrower can get a loan amount as high as 80% of the vehicle evaluation price, and the loan interest is relatively low.
In a word, the three methods have their own advantages and disadvantages. When choosing a car loan platform, you must keep your eyes open and don't fall into the trap of gangs. It is best to investigate for a period of time before dealing with it, and it is best to give priority to banking financial institutions.
What are the types of public financial loans? See which one suits you!
Volkswagen has always been a favorite brand with excellent quality and many styles, so many people only choose Volkswagen when buying a car. In addition to bank loans, public finance also provides users with many loan schemes. Let's briefly introduce the specific types today, and everyone can choose freely according to their own needs.
1, standard credit
A more general loan scheme, like ordinary car loans, is that as long as the down payment is paid, the repayment can be made in the form of equal monthly principal and interest. The loan period is from 20% down payment (12~60 months). If there is no special demand, this scheme will basically be chosen.
2. Flexible credit
Different from standard credit, flexible credit has a final payment setting, and the final payment is up to 25% of the loan amount. You can choose to pay off, extend or replace the used car at one time. Either way, the repayment pressure can be reduced, and the longest period is 48.
3. Ladder credit
A brand-new scheme for young people is characterized by equal repayment in each installment, with a down payment of 20% and a term of no more than 36 months. The initial repayment pressure is relatively small, and the later repayment amount will gradually increase.
4. Portfolio loan
Friends who have bought a car know that in addition to the price of the car, there are some decorations, insurance and other prices that are not cheap. This plan is to include all these contents in the loan scope to further reduce the loan pressure, with a maximum term of 60 installments.
5. Linglong Easy Loan
It is characterized by low down payment and low monthly payment. Suitable for young people who change a new car for 3 to 4 years, and support the replacement of used cars. The balance can be paid in one lump sum or extended for one year.
6. Enjoy a balanced loan.
The fixed loan term is 12 or 13 months, with the down payment not less than 50% of the car price and the final payment not higher than 50% of the car price. Suitable for users with insufficient funds and relatively low monthly payment in a short period of time.
This concludes the introduction of car loan classification and car loan classification. I wonder if you found the information you need from it?