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The above contents are for your reference. Please refer to the actual business regulations.
How much is the interest on used car loans?
The interest rate of used cars is 7%, that is, the monthly interest rate is 0.7%, which translates into an annual interest rate of 8.4%. At present, if the down payment is 30% or 50% and the loan term is 24 or 36, the annual interest rate of the loan is 6.6%. But the annual interest rate of bank loans is generally around 4% to 6%.
Loans in the used car market are different from new car loans, and there will be some preferential subsidies. Moreover, for a three-year loan for used cars, the minimum down payment is 50%, and the total interest is more than 20% of the total loan. The calculation formula of loan interest for used cars is: monthly payment × loan term-loan amount = total interest. Therefore, consumers should also measure their repayment ability.
Matters needing attention in second-hand car loan
The loan period, the longest loan period for new cars can reach 60, that is, 5 years. The maximum amount of second-hand car loans is 36 periods, that is, 3 years, and very few may reach 5 years. Loan interest rates, loan interest rates for new cars and used cars all fluctuate on the basis of the benchmark interest rate of the People's Bank of China. Only under the same circumstances, the loan interest rate of used cars is higher than that of new cars.
The formalities required for loan to buy a car need to meet the age of 18 and have full capacity for civil conduct. Personal loan application form, valid personal identity certificate, household registration certificate or permanent resident certificate, valid personal income certificate, car purchase intention certificate issued by the car dealership, loan car purchase down payment certificate, mortgage certificate and other documents are required.
What are the car loan interest rates of major banks in Shenzhen?
1. Shenzhen car loan interest rate is as follows: 1.
2. Ordinary loan for car purchase in Shenzhen, with interest of 5. 15%, interest = principal x interest rate x term.
3. If the vehicle is 6.5438+10,000 yuan, it will be 6.5438+10,000 yuan after three years of repayment.15% x3 =15450 yuan; 2. Car loan is a credit car loan issued by the bank for car buyers with tight funds.
4. Applying for this loan needs to meet certain application conditions; 3. For example, if you have a car purchase contract or agreement approved by the lender, you have a stable job and the ability to repay the principal and interest of the loan on time.
What's the interest rate for second-hand car loans?
1. Second-hand car loans, that is, second-hand car mortgage loans, refer to loans issued by commercial banks to individual borrowers to buy second-hand cars for consumption and use the purchased vehicles as collateral for loans. At present, the development potential of second-hand cars in China is very great. Many people have a great demand for second-hand cars because of their limited economic ability or just for practicing or transitional use.
2. Since 2008, China automobile market has entered the fast lane of development. In just five years, China automobile market has changed from a big automobile consumption country to the largest automobile production and sales country in the world. According to the time for changing cars after five years' use, the car market in China will gradually enter the car changing tide in the next few years. The used car market will also change from building consumer confidence to serving consumers. A second-hand car trading market in Zhongshan, together with six banks, officially launched the installment payment business for second-hand car consumption to the public.
3. What's the interest on the second-hand car loan?
4. The calculation formula of loan interest for used cars is: monthly payment × loan term-loan amount. The bank's loan interest rate fluctuates on the basis of the central bank's benchmark interest rate. The benchmark interest rate of central bank loans: 1 year, the annual interest rate of loans is 4.35%; /kloc-The annual interest rate of loans from 0 to 5 years is 4.75%; The loan term is more than 5 years and the annual interest rate is 4.9%. Different used car staging platforms offer different interest rates, but they are generally around 15%.