What are the requirements and documents needed for installment car purchase?

[LeZane]

Installment car purchase requires conditions and documents such as an application form, personal identification, repayment proof, guarantee proof, etc. The following are detailed introductions: Application form: Filling out the auto consumer loan application form is crucial. Generally speaking, important information in the form, such as age and repayment ability, will be key conditions for the success of the loan application. Personal information: Household register, guarantor's ID card, housing proof, personal income proof. All documents must be original and photocopied, and generally two sets of photocopies need to be prepared. Repayment proof: Installment car purchase requires a stable income source. You need to provide your bank statements for the last three to six months. Note: Generally, the monthly installment should not exceed 60% of the family's disposable income. Providing a guarantee: A third-party natural person must provide a guarantee for the repayment of the loan principal and interest. Note: Spouses cannot guarantee each other.