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Can the provident fund be able to buy a car?

Time: 2013-10-08         Source: Rong 360 original         Author: bamboo


Many people who have not bought a house want to buy a car, and their friends who have a provident fund often ask: "Can the provident fund be used to buy a car?"

This question is actually a very good answer. No, the provident fund is a public accumulation fund for housing that is paid by the state on a pay-as-you-go basis. It is mandatory, welfare, supportive and mutually supportive. The employees of the accumulated metal workers are personally owned, and no one else has the right to use them. The main purpose of the provident fund is to purchase, construct, renovate, overhaul the self-occupied housing, repay the principal and interest of the home loan, and subsidize the rent that exceeds the family's wage income.

If you are not sure enough to buy a car, you can get a loan through the following channels:

(1)Credit card stagingCar purchase: The most significant advantage of credit card car loans is that the approval is quick and the procedures are relatively simple. If the consumer usesCredit card loanTo purchase a car, you only need to use a credit card with a good credit history and a good credit history. After you provide your ID card, you can apply for a car in installments. Even if you don't have a credit card, you can apply for a credit card purchase at a car dealership. It can be completed within 3-7 working days. Compared with other methods,Credit card limitNot high, it is suitable for buying a family car.

(2) Loan from auto finance company: The procedure for applying for auto loan through auto finance company is relatively simple. Under normal circumstances, it takes only two or three days for the whole process to get the car, which is convenient and quick. The main disadvantage of this method is that the automobile brand is single and the interest rate is relatively high.

(3) Bank car loans: The traditional bank car loan period can be up to five years, the amount is higher, and the repayment pressure is small. But the more unfavorable thing is that the bank car loan interest rate needs to rise by 20% or more, and many banks basically do not carry out. In addition, strict approval and long processing time are also hugely inadequate.

(4) Unsecured loans: Unsecured loans can be used to purchase cars, but most unsecured loan products will have an interest rate of more than 10%, and the loan period will be concentrated in a year or so, which will put a lot of pressure on the borrowers. The advantage of unsecured loans is that approval is fast and consumers can choose car brands at will.

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