Car purchase by credit card installment is a credit card installment business launched by banking institutions. The credit limit that cardholders can apply for is 200,000-200,000, depending on the situation of some banks; There are three stages: 12 months, 24 months and 36 months. There is no loan interest rate for buying a car by credit installment, and the bank only charges a handling fee. The handling fee rate is different in different installments.
Except that China Merchants Bank and Bank of Ningbo have clearly stipulated the number of periods and the handling fee rate, the number of periods, handling fee and interest rate of other banks need to be determined according to the vehicle type.
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There are various forms of installment payment in the automobile industry, and there are three main types:
(1) Bank consumption loan method;
(2) Loan methods of finance companies of automobile manufacturers;
(3) The financial leasing mode is mainly operated by Kaiyuan automobile brands in the market.
Most sellers have launched a one-stop service for credit consumption according to the different needs of consumers, making the cumbersome loan car purchase procedures simple and fast. From car selection, charging, handling bank card, insurance and bank signature to handling parking permit, mobile license plate, car inspection and license registration, all you need to do is submit the required information.
Loan policy for buying used cars Generally speaking, the down payment starts from 20% of the vehicle sales price, and the loan period does not exceed three years. For lenders, the necessary conditions, required information and loan process are basically equivalent to new car loans. To apply for a second-hand car loan, you must have a Beijing hukou, ID card and permanent residence, which is a prerequisite. The second is the age requirement. Generally speaking, you are a citizen between the ages of 20 and 60. You must have a stable job and a stable income to ensure that you have the ability to repay the principal and interest of the car on time.
Installment payment of used cars requires three kinds of materials and certificates: the identity card, household registration book, residence certificate and income or labor certificate of the buyer; Proof of the relationship between the loan purchaser and his spouse; Two recent one-inch photos.
References:
Baidu encyclopedia-car installment payment