Challenge: You tried to apply for a car purchase loan, but the bank refused? Don't worry, it's not the end of the world. Let us explore solutions together。

What if you don't come after a car bank loan

First, check the accuracy of your loan information, such as letters of credit reports, income certificates and income flows. The error or omission may have been the reason for the failure of the loan. If a problem is identified, amend it in a timely manner。

Secondly, consideration should be given to the main applicant. If you apply with your spouse, but one of you has poor qualifications, try to change to a better qualified one as the main applicant, which increases the chances of passing through the loan。

BESIDES, WATCH YOUR PERSONAL DEBT RATIO. IT WOULD BE PREFERABLE TO KEEP IT BELOW 50% SO THAT THE BANK IS NOT TOO WORRIED ABOUT YOUR REPAYMENT PRESSURE AND THAT THE PROCESSING OF LOAN APPLICATIONS WILL ACCELERATE。

Finally, if your credit record is defective, you may need time to “repair” it. Timely payment of arrears and avoidance of loan defects。

AS FOR THE WAY IN WHICH THE CAR IS PURCHASED, THERE ARE TWO MAIN OPTIONS: CREDIT CARD LOANS AND BANK LOANS. THE ADVANTAGES OF CREDIT CARD LENDING INCLUDE FAST, SIMPLE, LOW-THRESHOLD, SOME CREDIT CARDS ALSO PROVIDE INTEREST-FREE PERIODS AND DOWN PAYMENT IS TYPICALLY 30-40%. BANK LOANS ALLOW THE MINIMUM DOWN PAYMENT FOR CARS TO BE REDUCED TO 20%. BANK LOANS HAVE THE ADVANTAGE OF LARGE AMOUNTS, LOW INTEREST RATES AND LONG-TERM REPAYMENT, WHILE YOU CAN CHOOSE YOUR OWN TYPE AND DISTRIBUTOR。