1. The bank's traditional car loan, its car loan interest rate is quite low. You can go through the car purchase agreement, loan procedures and then buy a car at the billing sales company. In some areas, the car was mortgaged first, bypassing the car dealers. Bank car loans can cover all mainstream brands and models.
2. To buy a used car in the used car market, you can get a loan from a bank or an auto financing company. Buying a second-hand car with a loan will have various high fees, such as loan fee, evaluation fee, GPS fee and higher interest. After paying off the loan in this way, the total cost will be much more than the actual amount, and some even stipulate that if the monthly payment is not paid on time, a penalty will be paid.
3. In terms of cost, the down payment of bank car loan is basically 30% of the car price, and the loan period is generally three years, which can be extended to five years for a few high-quality customers. The benchmark interest rate is 6.56% for one year, 6.65% for two years, 6.65% for three years, 6.9% for four years and 6.9% for five years. You see, 2003 is the same as 405. What is more special is that the interest rate is not fixed, and the bank car loan interest rate will fluctuate on the basis of the central bank's personal loan benchmark interest rate. Usually it is between negative 10% and positive 30%, depending on whether the customer belongs to the bank's quality customers. However, compared with other car loan channels, bank car loan is basically the lowest and most stable way of loan interest rate.
1. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers.
2. The interest rate of automobile consumption loan refers to the ratio between the loan amount and the principal paid by the bank to consumers, that is, borrowers, for purchasing self-use cars (non-profit family cars or commercial cars with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.
3. Generally, the loan period for automobile consumption is 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.