Is Tengming Car Loan a regular loan company? Teng Ming's car loan is in the news. What's going on here?

Tengming car loan is a formal loan company. Tengming car loan company has strong strength and wide business coverage. Tengming car loan has received credit information, so you can apply according to the normal process. The process of buying a car with a loan is as follows:

1. Select the car at the special dealer of the bank and sign the car purchase contract;

2. The borrower applies for an auto loan from Tengming Auto Loan Company;

3. After the car loan company investigated and audited, it signed the contract without asking;

4. Handle relevant formalities such as automobile notarization and mortgage;

5. Tengming car loan;

6. After the loan is paid off, follow a series of steps to cancel the mortgage certificate and apply for the loan.

Although Tengming car loan company is relatively strong, with wide business coverage and credit information, because Tengming's service fee is high, it uses routine loans, and many car owners are routines, so the evaluation of Tengming car loan is not very good.

For example, in June 2020, 5438+065438+ 10, some netizens pointed out that when buying a car with a Tengming loan, Tengming's salesman told her that the three-year interest on a loan of1400,000 only needed more than 30,000 points, but when signing the contract, she saw that the total repayment amount was187,000 yuan. When she asked about the salesman, the salesman said it was ok, and she only needed to repay 65438. However, in 2020, due to economic reasons, the loan could not be repaid, and it was planned to sell the vehicle. I called the bank to ask how much it would cost to pay off in advance. Only after consulting the bank did it find that the loan has been repaid for one and a half years, and the interest is 4 18 10000, which is equivalent to 18 10000. I went to see Tengming's salesman, but she just shirked and said that she didn't know she had been cheated to find Tengming's headquarters until the repayment amount was too much. They asked me to find a salesman and shirk each other. Although the loan was paid off and the vehicle was sold, it was beaten by Teng Ming and lost tens of thousands of dollars.

How to avoid "routine loan"

1, see zero down payment, monthly payment of 30, low down payment, etc. Note: We often see slogans such as zero down payment, monthly payment of 30 yuan and low down payment. Although these concessions exist, the cost will not be reduced. The dealer will allocate these expenses to the actual monthly fee and charge an extra handling fee.

2. Be cautious when renting and buying a car: At present, there are two ways to buy a car with loans, online and offline. These ways can provide services for consumers to buy and sell cars, but many times consumers are not the owners of vehicles, but businesses give them to consumers in the form of renting and selling.

3, disguised charges should pay attention: sometimes after taking a fancy to a certain model, you need to pay a deposit. In many cases, after paying the deposit, the salesperson will increase the price in disguise, because this car is very popular and the manufacturer's quota is small. Therefore, we must make clear the various terms before paying the money.

4. Miscellaneous fees: The amount of loan to buy a car will be more than the cost of buying a car in full. As long as it is related to the discount, it will be forced to charge various fees, and the final landing price of the vehicle is much higher than the price of buying a car in full.

5. Repayment on time does not violate the contract: when choosing a loan to buy a car, you must pay attention to repayment on time to prevent overdue repayment, damage your credit and be labeled as lack of credit.