As the saying goes: "It's none of your business, so hang it high." Very suitable for people who borrow money to buy a car. No matter which way of car loan is chosen, the cost of car loan is often a common concern of consumers. Recently, there are three main ways for people to choose auto loans, namely, bank auto loans, auto finance company loans and credit card installment car purchases. The following is a general introduction to the calculation methods of loan cars in different ways. As a traditional way of automobile loan, the common repayment methods of bank automobile loan include equal principal and interest repayment and average capital repayment. The two repayment methods have their own advantages and disadvantages. Among them, the equal principal and interest repayment method is mainly suitable for people with relatively stable income, because the monthly repayment amount is the same. The calculation formula of loan car purchase is: monthly repayment amount = [loan principal times; Monthly interest rate ×( 1 interest rate) repayment month] (1 interest rate) repayment month-1 In contrast, the principle of equal principal repayment embodies the characteristics of tight first and then loose, that is, the repayment amount in the early stage is large and gradually decreases in the later stage, so this method is more suitable for people with higher income at present. The calculation formula of car purchase by loan is: monthly repayment amount = (loan principal/repayment months) (principal-accumulated repayment principal amount) × monthly interest rate. With the wave of interest rate hike swept by the central bank, the scale of bank credit has been further reduced, making credit card car purchase extremely hot. The cost of buying a car by installment with a credit card varies with different models and banks, but the calculation method of buying a car by loan is similar. Buying a car with a credit card is often free of interest, and its cost is mainly the handling fee. The monthly repayment amount is the ratio of the total amount to the number of repayment months.

Second, how to calculate the car loan?

Hello, if you are going to apply for a car loan at China Merchants Bank, please open the following link:/cmbwebpubinfo/cal _ loan _ per.aspx? Chnl=dkjsq tries to use the benchmark interest rate of the current loan to try monthly payment.

Please open /CmbWebPubInfo/CDRate.aspx? Chnl=cdrate, you can check the current benchmark interest rate of the loan here, because everyone's actual situation is different, and the specific interest rate of the loan needs to be reviewed by the handling bank before it can be determined.

If you have any questions or comments, please log on to online customer service /cmu/icslogin.aspx? from = b 12.5； 18.5

Compulsory insurance is compulsory, and the requirements of commercial insurance banks are to insure against four major risks, namely, car damage, three risks, theft and robbery, and nature. It is impossible to cover only two projects.