How much is the interest on buying a car by installment?

1. What's the interest on buying a car in installments?

1, bank car loan: the interest rate of bank car loan is usually between 5% and12%, and the interest rate of loan for one year is between 3% and 6%, which means that the loan is 50,000 yuan, and the interest for one year is about1500-3,000 yuan;

2. Loans from auto finance companies: Loans from finance companies usually have some regular interest-free activities, but a certain handling fee will be charged in auto 4s shops. On the premise of collecting interest, the interest rate is about 8%- 12%. If the loan is 50,000 yuan, the annual interest will be about 4,000-6,000 yuan.

3. The interest rate of credit card installment loan is directly related to the installment number, loan amount and installment interest rate.

Second, it is illegal to exceed the interest on car loans.

Legal analysis: car loan is a financial loan, and the interest rate of financial loan exceeds 36%, which is illegal. When the car loan interest rate is less than or equal to 24%, this interest rate is a judicial protection zone. The range of 24%-36% belongs to the natural debt area. For example, if the parties request to protect the interest within the scope according to the loan contract, they will not be protected by law. The loan interest rate exceeds 36%, and the excess is invalid.

Legal basis: Provisions of the Supreme People on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases Article 27 After the principal and interest of the previous loan are settled, the borrower and the lender will include the interest in the principal of the latter loan and issue a new certificate of creditor's rights. If the interest rate in the early stage does not exceed four times the market quotation of the one-year loan when the contract is established, the amount specified in the reissued creditor's rights certificate can be confirmed as the loan principal in the later stage. The overcharged interest shall not be used as the loan principal in the future.

According to the calculation in the preceding paragraph, if the sum of the principal and interest payable by the borrower after the expiration of the loan term exceeds the sum of the interest of the whole loan term based on the initial loan principal and calculated at four times the quoted interest rate of one-year loan at the time of the establishment of the contract, the people will not support it.

Third, how much is the interest on buying a car in installments?

Interest-free for two years, after four o'clock in two years.

4. What's the interest on buying a car by installment?

Car price down payment = cash purchase price × (down payment ratio is 30%-80%)

Total down payment = down payment insurance premium

Loan amount = cash purchase price-down payment

The average monthly payment is five years.

The calculation formula is: repayment amount per installment = loan principal/number of repayment installments.

Interest payable in each installment = remaining principal of last month × monthly interest rate of loan.

1. Bank loan benchmark interest rate: 0-year 65438+6.666% and 2-3-year 6.7 1%.

2. Total down payment = down payment requires commercial insurance.

3. Purchase tax = purchase price /( 1 17%) × purchase tax rate (10%).

4. Licensing fee: Usually, the one-stop service fee provided by merchants is around 500 yuan, and the personal handling fee is about 373 yuan, including industrial and commercial verification, exit 150 yuan, moving to 40 yuan, and driving license photo in 20 yuan.

5. Vehicle and vessel use tax: the provinces are not uniform. Take Beijing as an example, there are 9 or less buses in 480 yuan and 9 or more buses in 540 yuan.

6. Compulsory traffic insurance: 6 households and less than 950 yuan/year.

The average discount for general insurance is 77%.

8. vehicles.

9. Whole vehicle theft rescue: new car purchase price ×

10, separate glass breakage risk: the purchase price of imported new cars × 0.25%, and the purchase price of domestic new cars × 0. 15%.

1 1, spontaneous combustion loss insurance: purchase price of new car × 0. 15%.

12, excluding the special risk of deductible: (vehicle loss insurance third party liability insurance) × 20%.

13 liability insurance premium × 20%.

14. Vehicle personnel liability insurance: 50 yuan per person, which can be filled in according to the actual number of seats in the vehicle.

The total car price for three years is 9000.

The monthly interest rate of the bank is 0.5025%, and the monthly repayment is 19 17.43 yuan.

The interest of the finance company is 0.6 15%, and the total loan is 70,423.92 yuan.

The high interest rate is 0.9%, the total loan is 74,036.52 yuan, and the monthly payment is 2,056.57 yuan.

Matters needing attention

Whether to buy a car depends on the owner's funds. Many people in banks borrow money to buy cars, which not only enables citizens with insufficient funds to build cars, but also allows some citizens with sufficient funds but other uses to free up some funds that would have been used in car prices for development. However, the benefits from this.

Undoubtedly, "interest-free, fee-free" makes many people who can't afford a car have the impulse to buy a car. However, the problems behind this kind of value for money have made many people ill-considered. Some auto credit practitioners believe that consumers must pay attention to three points when buying a car with loans:

First, after enjoying the "zero-interest-free loan" of the merchants, can you still enjoy the preferential price of the car?

Second, the car loan fee in the market a few days ago was in the range of 4%~7.5%. Is it interest-free and fee-added?

Third, the general car purchase interest rate is charged according to the bank benchmark interest rate. Regardless of whether the handling fee is unavoidable, the interest is floating on the basis of the bank's benchmark interest rate. At the same time, due to the choice of loans, new car insurance must be "fully insured", which will result in a large premium expenditure.

Refer to the above content: Baidu Encyclopedia-Car Installment Payment

Refer to the above content: Baidu Encyclopedia-Car Loan