Do Financed Vehicles Come with Purchase Invoices?
4 Answers
Financed vehicles do come with purchase invoices, which are required for purchasing vehicle purchase tax and other procedures. Below are the detailed explanations: Upon full loan repayment: When taking delivery of a financed vehicle and completing license plate registration, you'll need to submit the vehicle title certificate, invoice, insurance policy, registration certificate, ID card, and household registration booklet to the bank. After the mortgage process, the bank will return your registration certificate, ID card, and household registration booklet. All invoices will be returned to you once the loan is fully repaid. General steps for vehicle financing: 1. Place an order for the vehicle first; 2. Complete loan procedures at the 4S dealership: including providing documentation and signing loan agreement details; 3. Wait for the bank to issue the loan approval letter to the 4S store; 4. After receiving approval, the 4S store will typically notify the customer to make the down payment; 5. The customer takes delivery of the vehicle and completes license plate registration; 6. Submit post-registration documents to the bank for mortgage; 7. The bank will transfer funds to the 4S store within several days after mortgage (timing depends on bank review).
When purchasing a car on installment, you will definitely receive a purchase invoice, as it is a fundamental document in the car-buying process. I have personally experienced this when buying a car—whether paying in full or opting for a loan installment, the dealer will provide an invoice. The invoice displays the vehicle's price, taxes, and buyer-seller information, serving as proof of your purchase. It is essential for subsequent processes like registration and insurance. If you choose financing, the bank may hold the vehicle title as collateral, but a copy of the invoice is usually given to you, so there's no need to worry. Keep it safe for future needs, such as selling the car or claiming warranty services. Remember, legitimate dealers will not omit this document—if you have any concerns, simply ask them directly; it’s quite straightforward.
From a financial perspective, the vehicle purchase invoice is the core of the transaction, and of course, it must be provided for financed vehicles. Having run a small business for many years, I understand that invoices serve not only as payment receipts but also for tax deductions and depreciation records. After installment payments, the bank takes ownership as collateral, but the purchase invoice is generally held by the consumer for daily use, such as license plate registration or ownership transfer. If you're concerned about not receiving it, request a copy from the dealer promptly—they are usually cooperative. This document is crucial for safeguarding your legal rights, so don't overlook its safekeeping.
The vehicle is purchased on installment, and the invoice is still essential. The dealer issues the invoice upon vehicle delivery, detailing the transaction specifics such as the car price and model. Having gone through the car buying process myself, the invoice was handed to me even after financing, serving as proof of ownership and for subsequent services. Simply put, it's difficult to hit the road without the invoice.
