Nowadays, many people will buy a car for the convenience of daily travel, and some people with poor economic strength will want to buy a car through loans, which can not only meet their own needs but also reduce their economic burden. So is the car loan interest high?

Whether the car loan interest rate is high or not depends mainly on where the borrower borrows money. For example, the loan interest rate of bank car loan is between 4%- 12%, and the car loan interest rate of 4s shop is generally around 9%. If the borrower borrows from small loans or online lending platforms, the interest rate is generally between 14%- 18.

So if the car loan is in the bank, the interest is not very high. For example, when the borrower borrows 200,000 yuan and the annual interest rate of the bank is at least 4%, the annual interest rate is only 200,000× 4 %×1= 8,000 yuan. 200,000× 9% for the 4s store =1.8 million yuan. Microfinance platform: 200,000×14% = 28,000 yuan. Although the bank loan interest is relatively low, its threshold will be much higher than the other two.