There are two ways to return the car in advance:
You can apply for early repayment (early settlement) after lending for 3 months, and the bank will charge a certain proportion of early repayment compensation according to the contract.
You can apply for early repayment (early settlement) after lending for 3 months. You only need to repay the remaining loan principal and interest, and the bank does not charge other fees.
When banks handle the prepayment of car loans, they generally require borrowers to apply about one month in advance.
Second, how to pay back the installment loan to buy a car?
1, equal repayment of principal and interest
When calculating the interest rate, the equal repayment amount is deducted from the interest payable to form the current month's
At the initial stage of repayment, due to the large loan balance, interest accounts for a large proportion in monthly repayment, and the repayment speed of principal is relatively slow. With the passage of time, the loan balance gradually decreased, the proportion of interest gradually decreased, and the proportion of principal gradually increased. This repayment method is more suitable for people with fixed year-end bonus or fixed annual income.
2. Repayment by average capital
The average capital of car loan refers to the repayment method selected by the borrower in the average capital after car loan. During the repayment period, the total loan amount is divided into equal parts, and the same amount of principal and remaining loans are repaid every month. The principal generated this month is fixed and the interest is getting less and less. Lenders are under great pressure to repay at first, but as time goes on, the monthly repayment amount is getting less and less.
Calculation formula of average capital loan: monthly repayment amount) (principal-accumulated amount of repaid principal) × monthly interest rate.
3. Wisdom
This repayment method is a new way of automobile repayment, that is, the loan is divided into two parts, which are repaid in the first and last installment respectively. After the smart balance expires, choose: Scheme 1: Return the balance once it expires; Option 2: Please extend 12 months; Option 3
4. Worry-free wisdom repayment
Commonly known as "50% repayment at the end of the loan, the choice: pay the final payment in full; Apply for extension 12 months; Used car replacement.
Extended data:
Based on the initial loan amount, if the interest rate changes according to the bank loan interest rate at the time of signing the contract, it will be adjusted with the interest rate in a certain year.
How to calculate the monthly loan for car purchase? Car dealers usually use each one:
Monthly repayment amount = loan principal × month
Term of car loan.
At present, the car purchase is in stages of 0 (that is, 5 years) and monthly, but it needs to be determined according to the user's situation, model and purpose. If the purchased vehicle is used for business purposes such as rental operation and car rental, the longest period is generally not more than 36 periods (i.e. 3 years).