What are the requirements for installment car purchase?
1 Answers
Here are the specific requirements for installment car purchase: 1. Age: The borrower must be 18 years old or above and have full civil capacity. 2. Ability to pay the down payment: Have signed a car purchase contract and have the ability to pay the down payment. 3. Good credit: The car loan applicant should have no overdue records or negative credit information in the credit system. 4. Stable income: The car loan applicant must have a stable job and income source to ensure timely repayment. 5. Legal identification: Possess legal identification documents, and some regions or institutions may also require property certificates or collateral.