Can Individuals Get a Mortgage to Buy a Car?

[FranciscoRose]

Individuals can apply for a car loan. The down payment for a vehicle is generally 30% of the total car price, plus insurance, vehicle registration, vehicle purchase tax, and fees required for the bank loan. You need to bring the ID cards of both spouses and the guarantor, household register (main page, household head page, personal page), marriage certificate, residence certificate, proof of income, and a copy of the property ownership certificate. Confirm Purchasing Power: Determine your purchasing power to ensure that buying a car does not affect the overall quality of life for your family. Generally, based on the average income of the family over the past three years, it is advisable to allocate no more than 20% of the family's income over three years, but not exceeding 10% of the family's fixed asset value. Carefully Inspect the Car Condition: For the exterior, check the paint, the front hood, vehicle accessories, the chassis, and the engine compartment. For the interior, ensure the door windows can be raised and lowered freely, all instruments on the dashboard are complete and functional, the steering wheel is stable when shaken, and the seat surfaces are clean and in good condition.