The concept of consumption determines whether it is cost-effective. People who are willing to enjoy first and then consume think it is appropriate. The amount of interest-free loans to buy a car is higher than the full-price car.

Mortgage car purchase process:

The customer chooses a car at the bank's special dealer and signs a car purchase agreement or contract;

The borrower applies to the loan bank for personal automobile mortgage;

Sign after the investigation is agreed.

Go through the formalities of notarization and mortgage of automobiles;

After the loan is paid off, the lender (bank) cancels the pledge certificate and returns it to the customer.

Second, how to borrow money to buy a car?

At present, there are three ways to buy a car by loan, namely credit card loan, bank loan and auto financing company loan. These three methods have their own characteristics and are suitable for different people. You can choose according to your own situation.

3. What is the most cost-effective way to buy a car with a loan?

VIP customers of ICBC Peony Credit Card can purchase Highlander in installments, without submitting all kinds of proof materials of mortgage and guarantee. It depends on what bank credit card you have. Bank credit card loans, bank loans, auto financing companies and general loans, which are more official and formal, are more cost-effective loan methods, excluding loans from private lending banks, but there are car types restrictions, which means it depends on the car type you want to buy. If you are not within the scope of this credit card loan to buy a car, this loan method is often free of charge and interest. Bank credit is a common bank loan, which has the advantages of unlimited mode, relatively low interest and complicated procedures. And it needs a guarantor, the auto financing company, which is the auto manufacturer's own financial company, but the financial loan of this brand can only buy the delivery of this brand. Now there are many joint-venture brand cars, all for buying cars. Their advantage is that the handling fee is low, the procedures are simple, there is no mortgagor, and the procedures are also handled by franchise stores. The disadvantage is that the relative interest rate is higher.

Fourth, is it cost-effective to buy a car with a loan? You can choose three ways to borrow money to buy a car.

I've been thinking about what car to buy since I got my driver's license. Is it cost-effective to borrow money to buy a car? There are many ways to buy a car by loan, which is the most economical? Today, let's take a look at the three most common ways of car loan. 1. Loan through auto financing company: the application is simple, and the interest rate is slightly higher than that of silver. Auto financing company is a non-bank financial institution approved by China Banking Regulatory Commission to provide financial services for auto buyers and dealers. This kind of financial institution is generally jointly established by major automobile brands. For example, SAIC-SAIC is a joint venture between GMAC- SAIC-GM and SAIC Finance. Many well-known brands, such as Honda, Toyota and Volkswagen, also have their own auto financing companies. Auto financing companies do not have high requirements for buyers' personal conditions, and the audit is relatively easy to pass, so there is no need for guarantee or mortgage. Property buyers have a stable job and income, and only need to provide water/electricity/gas/telephone bills for a few months when applying. Buyers of this kind of loan can entrust it directly to 4S stores, but the expected annualized interest rate of the loan is high, and the expected annualized interest rate of the loan is about 9- 1 1%. Even if the activity sometimes claims "0 expected annualized interest rate", its handling fee is high, which is more expensive than that of the bank. In addition, it is worth noting that the loans of auto financing companies are only valid for their auto brands, so it is ok to choose the right model and then choose auto financing companies. 2. Automobile brand cooperative bank loan: Only a few banks provide this service. Some car brands in the market will directly cooperate with banks, and buyers can borrow money through cooperative banks. This kind of loan is convenient, but it needs mortgage, and the expected annualized interest rate is around 7- 10%. However, only a few banks have carried out this business, such as CITIC Bank and Shenzhen Development Bank. However, they cooperate with fewer brands and models. 3. Credit card loan purchase: Personal credit requirements are high, and the cost depends on the number of loan periods. There are two main ways to buy a car by credit card. One is cash installment, at which time you only need to borrow money from the bank according to the expected annualized interest rate of cash installment. It is enough to open this function in cash installments, but the cash handling fee for application is high, and the amount of ordinary credit cards will not be too much, generally within 50 thousand. Second, you can pay by credit card loan. Buying a car by installment with a credit card loan has already occupied the main activity of the bank. The slogan "0 down payment, 0 interest and 0 handling fee" is not uncommon, but is this really the case?