The interest on auto financing loans is still very low, and every family is different. Banks do the same. 165438+20,000 interest for more than three years? If it is three years, one year is about 6%.
Second, the car loan is 70,000 yuan, which will be repaid in three years. What is the annual interest rate?
Take ICBC with the highest interest rate as an example. The three-year interest of the loan is as follows: 70,000 x 6.15% x3 =12915 yuan. If the principal and interest are calculated equally, the price will be cheaper. So generally speaking, the car loan interest of 73,000 years is not 1.8 million, but the loan interest rate is also affected by other factors.
For example, personal credit information, the actual situation of the loan unit and so on. Therefore, you should know the local car loan interest rate in advance before buying a car to prevent being cheated.
bank loan
Buying a car with a bank loan is a way that most car owners will choose. The down payment is generally 30%, the loan term is generally 1-3 years, and the longest is no more than 5 years. The loan interest rate is low and the repayment period is long.
The difference between bank loans and other ways of car purchase is that banks can apply for car loans, not limited to car models or car dealers, which greatly increases the choice of car buyers with loans. However, the formalities are troublesome, the loan review time is long and the down payment ratio is high. Generally, you can only apply for 70% loans.
This kind of loan is suitable for cash-rich car owners.
Third, loan 70,000 yuan to buy a car in a 4s shop. Is the interest high?
Loan 70 thousand, buy a car in 4s shop, the interest is not very high
If regular car dealers cooperate with banks, they are basically interest-free within one year, and some even have no interest for two or three years, and there may be some handling fees. However, there will be more bundled sales in 4S stores.
Car loan:
1. Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also called auto mortgage.
2. Loan target: The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
3. Loan conditions: the borrower has a stable job, the ability to repay the principal and interest of the loan, and good credit; Can provide recognized assets as collateral or pledge, or a third person with sufficient compensatory ability as a guarantor to repay the principal and interest of the loan and bear joint liability.
4. Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car.
5. Loan term: The loan term for general automobile consumption is 1-3 years, with a maximum of 5 years.