How to borrow a used car loan?

With the increasing popularity of cars, many people want to buy cars, but because of lack of funds, they can only choose loans to buy used cars. So how do you borrow a used car loan?

How to borrow a used car loan?

Second-hand car loans need to provide personal valid documents, proof of intention to buy a car issued by the car dealer, and personal income proof, and submit a loan application to the bank. In fact, car buyers need to have the same second-hand car loan conditions as buying a new car, but the down payment is generally around 50%. Only vehicles that have been transferred once, the mileage of the vehicle is within 6,543.8+0.2 million kilometers, the vehicle has been used for less than 5 years, and the production date of the vehicle is within 6 years.

How long does it take to get a used car loan?

Applying for a car loan in an auto financing company usually takes two to three days to lend money. Generally, it takes a long time to apply for a car loan or a credit card to buy a car at a bank, and it usually takes about 5 to 7 days to lend money. Because it will involve evaluation, mortgage registration and other links, you can consult the loan bank at the specific time.

In addition, the second-hand car loan amount is determined according to the applicant's economic situation and personal credit. So much for second-hand car loans, I hope it will help you.