In fact, the owner and the loan applicant may not be the same person, but if they are not immediate family members, they will basically not be approved and must be mortgaged.
The owner and the loan applicant are not necessarily the same person, but if they are not immediate family members, they will basically not grant loans and must be mortgaged. The guarantee between friends is very risky, so we can only find a financial company and bear high interest.
Applicants should apply for a car loan. After you are optimistic about the vehicle you want to buy, you need to fill out the Application Form for Automobile Consumption Loan and the Credit Survey Form, and submit them to the loan bank together with the relevant certificates of your personal situation.
After receiving the application, the bank will investigate and approve the applicant before lending. After approval, the bank will inform the borrower to fill in various forms, as well as loan contract, guarantee contract and mortgage contract, and go through mortgage registration and insurance procedures. Finally, the bank issues loans.
The borrower pays the down payment to the car dealer, and goes through the formalities of car pick-up with the passbook and the car pick-up note issued by the bank.
Must the car loan and the owner be the same person?
The car loan and the owner must be one person, which means that the owner needs to go to the bank to handle the corresponding loan procedures. If the lender and the owner are not the same person, the risk will be great and the law will not allow it.
The car loan and the owner are not the same person, which is prone to the risk of default in the repayment process and the mortgage of the car by others. In order to avoid risks, lending institutions will not approve such loans. If the payer fails to repay the loan on time, the bank or other financial institution will treat it as a breach of contract.
Procedures required for handling auto loans:
1. First choose your favorite vehicle online, and then call the 4s shop to make an appointment to see the car. There is no problem without making an appointment, but after making an appointment, sales can better arrange the test drive of the vehicle and avoid the embarrassment of not being able to test drive at that time.
2. Discuss relevant configurations, offers, gifts, etc. with the sales staff. , let the sales staff calculate the price. After no problem, the relevant information of the car buyer will be provided to the dealer for preliminary examination. After approval, you will be given a letter of intent to buy a car.
Take this letter of intent to apply for a loan from the bank.
4. It usually takes about 7 working days to wait for bank review. If you want to be quick, the lending institution can choose factory finance, which can generally be completed within one day.
5. Pay the down payment at the 4s shop, and then you can drive a new car.
Finally, I would like to remind you that in the face of the dealer's "0 down payment" car purchase policy, we must first make it clear that there may be some routines or traps.
Must the loan contract and the car purchase contract be the same person?
In principle, it cannot be the same person, because the counterpart of the loan contract is a credit institution such as a bank, and the counterpart of the car purchase contract is a vehicle dealer. However, in practice, credit institutions such as banks that issue loans will not lend for no reason. Since it is because of car loans, car buyers are generally required to borrow money themselves, but if others have enough credit or collateral, they will also lend money (sign a loan contract).
Legal analysis
Car purchase contract is a formal sales contract signed by the buyer and the seller, and it is a basis to ensure the rights and interests of both dealers and consumers. A loan contract refers to an agreement that a financial institution, as a lender, accepts the borrower's application, provides loans to the borrower, and the borrower repays the loan principal and pays the loan interest at maturity. The loan contract of financial institutions is a kind of loan contract, which has the following characteristics: (1) paid financial institutions issue loans with the intention of obtaining corresponding operating profits. Therefore, when the borrower obtains the loan provided by the financial institution, it should not only undertake the obligation to repay the principal on time, but also pay the interest to the lender as agreed. The obligation to pay interest is the consideration for the borrower to use the loan from a financial institution, so the loan contract from a financial institution is a paid contract. At this point, this contract is different from the loan contract between natural persons. The latter is a free contract. If the parties have no agreement or unclear agreement on the payment of interest, it shall be regarded as not paying interest. (2) The loan contract of a financial institution shall be in written form. The contract is not in written form, and if both parties dispute the existence of the contract, the contractual relationship shall be deemed invalid. If there is no dispute between the two parties or one party has fulfilled its main obligations and the other party accepts it, the contract is still established. In form, the contract is also different from the loan contract between natural persons. For a loan contract between natural persons, the parties may agree not to use a written form. (3) A loan contract of a non-profit financial institution may be established after both parties to the contract reach an agreement through consultation. If it is established according to law, it will take effect immediately. In the absence of special agreement between the two parties, the establishment and effectiveness of the contract need not be based on the loan delivery of the lender, so the loan contract of a financial institution is a commitment contract. The loan contract between natural persons is different, and the contract takes effect when the lender provides the loan.
legal ground
Article 490 of the Civil Code of People's Republic of China (PRC): If the parties conclude a contract in the form of a contract, the contract is concluded when the parties sign, seal or fingerprint it. Before signing, sealing or fingerprinting, one party has fulfilled its main obligations, and the contract is established when the other party accepts it. A contract shall be concluded in written form as stipulated by laws, administrative regulations or agreed by the parties. If the parties do not do this in writing, but one party has fulfilled its main obligations and the other party accepts it, the contract is established.
Can the lender who borrows money to buy a car be different from the owner?
No, the loan must be made by the owner.
If you are a husband and wife, you can apply for the same repayment at the bank.
1, apply for car loan. After the applicant is optimistic about the vehicle to be purchased, he/she needs to fill in the Application Form for Automobile Consumption Loan and the Investigation Form for Credit Information, and submit them to the loan bank together with relevant certificates of personal situation.
2. After receiving the application, the bank will conduct pre-loan investigation and approval.
3. The bank shall notify the borrower to fill in various forms, as well as loan contract, guarantee contract and mortgage contract, and go through the formalities of mortgage registration and insurance.
4. Banks issue loans
5. The borrower pays the down payment to the car dealer, and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
6. 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 other procedures.
This concludes the introduction of the differences between car buyers and lenders and the differences between car buyers and lenders. I wonder if you have found the information you need?