The handling channels of automobile mortgage are mainly loan companies, which generally do not charge interest. Of course, it is impossible for a loan company to make a profit without charging. It is understood that the main cost of the loan company's business in automobile mortgage is the handling fee. Due to the short term of car mortgage, the handling fee is charged on a monthly basis, taking a certain proportion of the loan amount. Different regions and different loan companies charge different fees.
In Beijing, for example, the car owner loan fee of Xin 'an Easy Loan Company is about 5% for the car mortgage loan of Changheng Huicheng Company and 2%-5% for the fast car mortgage loan of Ganyuan Investment Company.
As the saying goes, people eat vegetables. The loan company's fees are also charged on a per capita basis. The same car mortgage is handled by different borrowers, and the fees charged are different. Borrowers with better qualifications often pay lower fees than borrowers with average qualifications. This is the same as the expected annualized interest rate of the loan determined by the bank.
1. Vehicle requirements: vehicles under the names of individuals and public accounts, full-size vehicles, phased vehicles, foreign vehicles and other vehicles that meet legal requirements.
2. Suitable for the crowd: the registered permanent residence is not limited, and those in urgent need.
3. Loan process: vehicle inspection-vehicle mortgage-loan signing procedures-lending.
note:
First, there is no limit on the amount of personal car mortgage. No matter how much the car is worth, you can mortgage it, but how much you can borrow should be evaluated according to the car's own situation.
Second, when borrowers and investors apply for personal car mortgage, they should go to the vehicle management department for vehicle mortgage procedures. One of them is to add the name of the investor to the motor vehicle registration certificate, which protects the rights and interests of both parties and cannot buy or sell vehicles at will. After completing the formalities, the investor and the borrower will also sign an entrusted sales contract with the intermediary agency respectively. As stipulated in the contract, if the borrower is unable to repay, the intermediary agency may sell the vehicle and repay the proceeds to the investor.
Third, some loan companies now handle personal car mortgages without putting the car in the hands of the lender, and the car can still be used.
What is the loan fee for buying a car?
It is reported that at present, the handling fee of bank auto loans is 3%, while the handling fee standard of auto financing institutions and 4S shops with convenient approval is relatively high.
Generally speaking, the loan to buy a car requires vehicle mortgage, insurance and other procedures, so the handling fees included in the loan to buy a car are mainly compulsory insurance, vehicle and vessel use tax, commercial insurance, licensing fees and so on. In terms of commercial insurance, there are no relevant mandatory regulations, but 4S stores often require car buyers to buy them.
If you want to know how appropriate this handling fee is, you can inquire about some different brands of cars when you buy a car and see how their handling fees are charged, so that you can know the local market. Next, according to experience, if you use a car with a loan of about 654.38+10,000 yuan, the handling fee is about 300-5,000 yuan, and if you use a car with a loan of 20.3 million yuan, the loan amount is also more than 1.5 million yuan, generally speaking, it is about 60-8,000 yuan (the above is the average level, which fluctuates according to the actual situation of local car purchase);
For the question of cost, you must inquire in advance, not only to ask the staff of 4s shop, but also to know more about relatives and friends. Don't trust 4s stores too much. Some expenses are actually collected by themselves. Some 4s stores provide both interest and handling fees, some only provide interest without handling fees, and some only provide handling fees without interest. We must distinguish between them.
How to calculate the interest and handling fee of car loan?
If you apply for a personal loan at China Merchants Bank, "interest" is calculated according to the total loan amount, loan term, execution interest rate, repayment method and other factors.
The biggest loan cost for banks in automobile mortgage is loan interest. Different banks and loans with different maturities have different interest rates. The benchmark interest rate for three-year loans is 6. 15%, and the actual loan interest rate is usually higher than the benchmark interest rate, and the benchmark rises by 30% to 40%. Is there any other charge for mortgage loan besides loan interest? This also depends on the specific situation of the loan.
For example, some car loans need to be guaranteed. If it is guaranteed by a guarantee company, it is generally necessary to pay a certain deposit, which generally costs several thousand yuan. If the borrower repays the loan on time, the guarantee company can refund a certain amount of deposit as agreed. If you use real estate as a mortgage loan, there will be real estate assessment fees, mortgage registration fees and other fees.
Extended data:
General car loan expenses include insurance premium, notarization fee, performance guarantee fee and mortgage fee. The charge is about 3000 yuan, 800 yuan, 3% of the loan amount, 3% of the loan amount.
Car loan interest = loan amount, loan interest rate and loan time. The specific interest is calculated according to these three parameters.
No matter what kind of car loan you make, 4S stores will charge different amounts of mortgage fees (also called financial service fees). This fee has nothing to do with manufacturers and banks, and it is one of the important sources of profit for dealers. For example, the above 3S shop charges 3,000 yuan; The starting price of financial mortgage fee for Audi 4S shop is 3,000 yuan; BMW charges 3% of the loan amount.