Interest bearing.
Loans to buy a car generally have interest. However, some 4s stores will launch a 0-interest loan to buy a car. Although they will not charge interest, they will charge a higher service fee. The handling fee is similar to the loan interest, but it is actually disguised interest.
If it is a bank car loan, the loan interest rate generally fluctuates on the benchmark interest rate of the central bank loan. If it is a car loan from other financial companies, the loan interest rate is generally set according to market conditions, and there is no standard.
The benchmark interest rate for central bank loans is:
1, and the loan interest rate within one year is 4.35%:
2. The loan interest rate for one to five years is 4.75%;
3. The interest rate for loans over five years is 4.90%.
1. Now interest-free or zero down payment activities are generally launched to buy a car. Now, let me tell you some precautions to prevent being pitted. Now the so-called low down payment or zero down payment is mostly a pit. Maybe when you buy this car, you will find that it is settled in the name of the company, but the car and yourself are leased and must be paid off within the specified time. If it is illegal, the car will be recycled, and the money spent before will not be recovered.
2. There are still many merchants who attract friends who want to buy a car through zero down payment, but they can't resist the temptation. After buying it, they know that the merchants will tie in high insurance, force you to take full insurance on the pretext of buying a car with zero down payment, or let you buy some specific products of the insurance company. At this time, the insurance you buy will be more expensive than other people's insurance, and it will also make you buy some insurance that is not practical at all.
3. It should also be noted that you must confirm the time and amount of your repayment. When you buy a car with a loan, you must clearly list the procedures and expenses you need. Compare more and choose the channel that suits you. Don't just look at the so-called 0 down payment, low interest, or 0 down payment, 0 interest. These are routines. Everyone must read the contract clearly.
Do you need interest on car loans?
The loan for buying a car needs interest. At present, there are three ways to explain car loan: 1. Interest on credit card installment purchase: In addition to the advantages of relatively simple approval and procedures, credit card purchase does not need to provide corresponding property guarantee, which eliminates the cumbersome procedures such as intermediary notarization and brings additional burden to consumers. 2. Bank loan interest: ordinary bank car loans have no advantage. The two-year car loan interest rate of a bank has risen to 7.8%, and the three-year loan interest rate has risen by about 30% on the basis of 6.65%. Usually, the 3-year car loan interest rate has risen to 1 1.28%. (3) Loan interest of auto financing company: A recent survey shows that the interest rate of auto financing company's three-year loan is 10.99% and the interest rate of five-year car loan is11.38%; It is higher than the current bank loan interest rate 1-3 years (including 3 years) of 6.65%.
Is there interest on the car loan?
Interest bearing.
Loans to buy a car generally have interest. However, some 4s stores will launch a 0-interest loan to buy a car. Although they will not charge interest, they will charge a higher service fee. The handling fee is similar to the loan interest, but it is actually disguised interest.
If it is a bank car loan, the loan interest rate generally fluctuates on the benchmark interest rate of the central bank loan. If it is a car loan from other financial companies, the loan interest rate is generally set according to market conditions, and there is no standard.
Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car.
In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit record and must meet the requirements of financial institutions before they can apply for a loan to buy a car.
To apply for a car loan, you must buy a limited range of cars at a special dealer recognized by the bank and apply for a car loan.
Applicants must meet the following conditions at the same time:
(1) The car buyer must be at least 18 years old and a citizen of China with full civil capacity.
(2) Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.
(3) During the loan application period, the car buyer will deposit the car purchase down payment lower than that stipulated by the bank into the account of the bank savings counter.
(4) Providing banks with bank-approved guarantees. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.
(5) Car buyers are willing to accept other conditions deemed necessary by the bank.
If the applicant is an enterprise or institution with legal personality, it shall meet the following conditions:
(1) has the ability to repay bank loans;
(2) During the loan application period, there is no less than the down payment for car purchase stipulated by the bank and deposited in the accounting department of the bank;
(3) Providing recognized guarantees to banks;
(4) Willing to accept other necessary conditions proposed by the bank. The special dealer referred to in the loan refers to the automobile dealer who is selected by the branches at all levels of the bank according to the financial strength, market share, credibility and other factors of the dealer, and then reported to the head office, and signed an automobile consumption loan cooperation agreement with each branch after confirmation by the head office.
Let's stop here for the introduction of car loan interest.