in recent years, there are more and more vehicles on the road. Moreover, more than 40% of the people who buy second-hand cars need loans in recent years. Then, what procedures are needed for loan to buy second-hand cars? Let's take a look at the procedures of loan and car purchase.
1. Apply for loan
When consumers decide to purchase vehicles, they first need to go to the bank's business outlets for consultation. They need to consult the special dealers recommended by the outlets for the purchase model and total amount of vehicles, fill in the materials of applying for loans to purchase vehicles and submit them to the dealers for preliminary examination, including the bank loan materials such as the application form of automobile consumption loans and loan contracts.
2. Pay the down payment and sign the car purchase contract
Within 15 working days after the acceptance of the loan application, the bank shall notify the qualified car buyers to sign the second-hand car consumption loan contract. The borrower shall sign a vehicle purchase contract with the dealer after the down payment, and the insurance company shall handle the corresponding vehicle insurance.
3. Loan issued after Bank review
Within 15 days after receiving the loan notice, the franchised dealer shall transfer the customer's purchase invoice, payment document and driving license (copy) to the bank. The bank issues loans to the borrower after the customer completes the property insurance procedures.
4. Vehicle delivered by dealer
After the bank lends money to the auto dealer, the dealer will go through the intermediate procedures such as vehicle entry, licensing and vehicle insurance, and deliver the vehicle to the buyer according to the agreed time.
Extended data:
The second-hand car loan, that is, the second-hand car mortgage loan, refers to a loan issued by a commercial bank to an individual borrower, which is used to purchase a consumer used second-hand car and uses the purchased vehicle as the loan collateral and mortgage. At present, the development potential of second-hand cars in China is very large. Many people need second-hand cars because of limited economic capacity, or only for car training or transitional use.
Since 2008, China's automobile market has entered the fast lane of development. In just five years, China's automobile market has changed from a big country of automobile consumption to the world's No. 1 in automobile production and marketing. According to the period of changing cars after five years of use, then in the next few years, China's car market will gradually enter the trend of changing cars. The second-hand car market will also change from building consumer confidence to serving consumers. A second-hand car market in Zhongshan, together with six banks, officially launched the second-hand car consumption installment business to the public. This means that people can buy used cars through car loans. The second-hand car loan business finally broke the ice.