In the purchase of cars, many would opt for loans. However, for some of the people who applied for loans, lack of water from the bank constituted an obstacle to loans. So, without a bank, can we get a loan to buy a car? In fact, the issue is not simple and needs to be analysed from different angles。

No bank loans for cars

First, the flow of water from the bank is a record given by the bank, which records the entry and exit of the individual ' s wages, expenses, deposits, etc. Generally, banks need to assess their repayment capacity and credit by providing water to the applicant, both for house and car purchases. If the applicant does not have or the bank is in short supply, it is difficult for the bank to make the relevant assessment and, naturally, to lend. As a result, the lack of a bank flow has become a major difficulty for applicants to apply for loans。

Secondly, even in the absence of a bank, the applicant is not necessarily unable to make a loan. Some car lending companies conduct field visits to applicants to learn about their personal assets, family background and credit records, and may obtain loans if they have better financial and credit records. In addition, a number of banks or financial institutions accept mortgages for the purpose of mortgaging vehicles to the bank and obtaining loans. Such an approach would require the purchaser to provide other assets as security and, once overdue, the bank would have the right to dispose of the assets it encumbers。

Finally, some applicants may seek security services on their behalf. That is to say, if their trusted relatives and friends have a good credit record and a stable source of income, they can act as guarantors and jointly guarantee the purchasers. Such an approach would be more practical, but would also require better economic capacity and credit records on the part of the guarantor and corresponding legal risks。

In the light of the above, it is possible for the applicant to make a loan for the purchase of a car even if there is no bank. However, this requires the applicant to have a better credit record, financial capacity and assets and to take some risk. Therefore, in purchasing cars, care must be taken to take into account their economic and lending capacities and to avoid unnecessary risks。