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Can provide loans to buy a car?

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

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

This question is in fact a very good answer. No, the provident fund is a public accumulation fund for housing that is set by the state and is paid by employees on a pro rata basis. It is mandatory, welfare, supportive, and mutual assistance. The metallurgy employees who pay are personally owned by the company and no one else has the right to use it. The main uses of the provident fund are: to purchase, build, renovate, overhaul self-occupied houses, repay the principal and interest of home loans, and to subsidize rents that exceed the rent of the family's wages.

If you do not have enough funds 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 rapid approval and relatively simple procedures. If consumers useCredit card loanTo purchase a car, you only need to use a credit card that has a valid term and a good credit record. After you provide an ID card, you can apply to the card bank to purchase the car by installment. Even if you do not have a credit card, you can apply for a credit card purchase procedure at the car dealership, which is usually completed within 3-7 working days. Compared with other methods,Credit card limitNot high is suitable for buying a family car.

(2) Loans for auto finance companies: The procedures for applying for auto loans through auto finance companies are relatively simple. Under normal circumstances, it takes only two or three days for customers to get a car, which is convenient and quick. The main drawback of this approach is that the car brand is single and the interest rate is relatively high.

(3) Bank car loans: The longest period for traditional bank car loans is up to five years, the amount is relatively high, and the repayment pressure is relatively small. However, what is more unfavorable is that the interest rate of bank car loans needs to go up by 20% or more, and many banks do not basically carry out. In addition, strict examination and approval and long processing time are also huge.

(4) Unsecured loans: Unsecured loans can be used to purchase cars. However, most unsecured loan products will have interest rates of more than 10%. The term of the loans will be concentrated in about one year, which will put pressure on the cost of the borrowers. The advantage of unsecured loans is that approvals are fast and consumers can pick car brands at will.

Urgent money? We have reviewed hundreds of micro loan products! Concerned about the WeChat public account number "ID: chuqiankuai", responding to "emergency money", in 2017 no longer afraid to borrow money.

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