It is more economical for customers who borrow money to buy a car to choose credit card installment payment than bank car loans and auto financing companies. Credit card installment payment is free of guarantee and interest, and only charges a handling fee. At the same time, when buying a new car by installment, there is no mandatory requirement for buying insurance and renewing insurance. Generally, you only need to buy major insurance and burglary.
1, automobile consumption has also entered the ranks of advanced consumption, and loan to buy a car has become a way for many young people to buy a car. For auto companies, auto finance can not only boost sales, but also benefit auto finance companies. More and more auto shops are willing to provide loans for consumers to buy cars. It is understood that the auto loan policy is: the minimum down payment for a car loan is 20%, and the loan period is 1-5 years.
2. The down payment for a loan to buy a car starts from 20% of the sales price of the vehicle, and the down payment will be different for different vehicles and different years. Ordinary customers can apply for installment payment according to a three-year fixed loan. All scientific and technical personnel, civil servants, teachers, doctors, legal representatives of enterprises, managers of large enterprises and staff of financial system can apply for loans with a term of 1-5 years, depending on their selected models.
3. Most sellers have launched a one-stop service for credit consumption according to the different needs of consumers, which makes the cumbersome loan car purchase procedures simple and fast. From car selection, charging, handling bank card, insurance, bank signature to handling parking space certificate, mobile license plate, car inspection and license plate registration, all professional salesmen need to submit the required information.
4. If you want to repay the car with a loan term of more than one year in advance, you generally need to make an appointment with the original lending institution about half a month in advance. Different lending institutions have different requirements.
At the same time, before prepayment, you need to prepare all relevant materials, including personal identity card, loan contract, prepayment agreement, previous repayment bill, repayment application form, etc. After the appointment is successful and the formalities are fully prepared, the repayment can be made at the appointed place according to the appointed time.
Extended data
Conditions for loan to buy a car:
1, with valid identification and full capacity for civil conduct.
2. Can provide fixed and detailed proof of address.
3. Have a stable occupation and the ability to repay the loan principal and interest on schedule.
4. Personal social credit is good.
5. Holding a car purchase contract or agreement approved by the lender.
6. Other conditions stipulated by the Cooperation Organization.
Car loan application materials: original ID card, household registration book or other valid residence certificate, and provide its copy; Proof of occupation and economic income; The car purchase agreement, contract or letter of intent signed with the dealer; Other information required by banks or lending institutions.
Why is it more cost-effective to buy a car with a loan than to buy a car in full?
Benefits of buying a car with a loan:
1, inflation devalues the currency, and loans can reduce this loss;
2. Car depreciation. Loans can reduce the losses caused by depreciation, and the remaining money can be used for investment, and the investment income is greater than the bank interest.
There is no handling fee for buying a car in 4S stores and state-owned stores. State-owned enterprises can guarantee consumers themselves without looking for a third-party company to guarantee them.
4. The loan does not need real estate mortgage, and personal credit loan is used. The loan process is simple and fast, and the requirements for consumers' qualifications are not high. Repayment is convenient, fast and flexible.
5. It is more economical for customers who borrow money to buy a car to choose credit card installment payment than bank car loans and auto financing companies. Usually, credit card installment payment is free of guarantee and interest, and only charges a handling fee.
4. It can alleviate the economic pressure, reduce the monthly pressure of consumers in the process of loan, and increase the freedom of funds.
Extended data:
4S stores and state-owned enterprises do not charge fees.
Most 4S stores have cooperation agreements with banks, which are guaranteed by 4S stores or third-party companies to help consumers borrow money from banks. Different 4S stores choose different banks. "If the central bank's interest rate fluctuates within 5%, our loan interest rate will not be adjusted." A 4S clerk explained this, "avoiding the trouble caused by frequent fluctuations in interest rates."
It is understood that 20% of car consumers in Beijing buy cars through loans, and about 90% of them borrow from banks through 4S stores.
In fact, there are two ways for 4S shopping malls to cooperate with banks. The above salesperson said, "Like our state-owned enterprises, they can guarantee consumers themselves. If it is a private enterprise, you need to find a third-party company guarantee. " According to reports, the gap lies in whether to charge a handling fee. "The interest rates are the same, but the third-party company guarantees a handling fee, and most of them need to be mortgaged with real estate." A staff member of Chang 'an Ford 4S Store said that because the store is a state-owned enterprise and cooperates with Shenzhen Development Bank, it can make unsecured real estate loans.
Advantages: convenient, fast and flexible repayment.
Suitable for people: consumers with personal property and stable income.