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What are the used car loan requirements

used car loan requests are there? in General, not just requirements on borrowers, and on the choice of the vehicle also has some restrictions, for Beijing, not all used car loan application, specific requirements are as follows:

1, used car value between 80,000-800,000 yuan;

2, the vehicle shall be less than seven years;

3, the borrower's down payment not less than the appraised value of 50%;

4, the loan term not exceeding three years;

5, must be guaranteed by the guarantee Corporation;

6, to insurance companies to buy insurance specified by lending institutions;

7, no adverse credit history of the borrower;

8, the lending institution to satisfy the other conditions



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