Can You Drive Away the Car on the Same Day When Buying It on Installment?

[CameronLynn]

Generally, you cannot drive away the car on the same day when buying it on installment. It usually takes three to five days to pick up the car. Here is an extended introduction: 1. The essential conditions for buying a car on installment are as follows: be at least 18 years old and under 60 years old; have a permanent residence in the local area and a fixed residence in the local area; have the ability to repay the loan principal and interest, a stable income, and the monthly payment does not exceed 60% of the family's disposable income; a third-party natural person must provide a guarantee, but spouses cannot guarantee each other; during the loan period, you must purchase "Motor Vehicle Consumer Loan Guarantee Insurance" in one lump sum at an insurance company recognized by the bank and continuously purchase "Motor Vehicle Insurance"; 2. The required documents for buying a car on installment: ID card, household register; loan application form; proof of residence; personal income proof; guarantor's ID card and household register (all documents must be originals and two sets of copies).