Advantages of buying a car with CMB credit card:
1, low handling fee:
Compared with bank loans and auto financing institutions, it is no benefit to buy a car by stages with China Merchants Bank credit card. Of course, the so-called zero interest rate will pay the handling fee, but for the lower handling fee, it is a better choice than the other two loan methods.
Of course, different models of handling fees are not used. Generally speaking, the commission rate of 12 is between 3% and 5%, and that of 24 is between 4% and 7%. Compared with the benchmark interest rate of bank loans for less than three years, it is 5.4%. At present, the car loan interest rate of most banks rises by 10% ~ 30% on the basis of the benchmark interest rate, and it is 5.94% ~ 7.02% after rising by 10%. And this interest rate will be higher in auto financing institutions, even higher than 10%.
2. Quick approval:
Fast approval is also an advantage of credit card installment purchase. The approval of some banks' credit card loans for car purchase can be completed in 40 minutes at the earliest, and the longest time will not exceed 3 days. Although the approval speed is fast, it is also caused by some limitations of credit card car purchase. Everything has advantages and disadvantages, and the disadvantages of buying a car by credit card by installment will be mentioned later.
3, cheap and affordable:
Buying a car by installment with China Merchants Bank credit card is exactly the same as buying a car in cash, except that you have to pay a part of the handling fee. From the dealer's preferential activities, we can know that XX thousand cash discount is often mentioned, and this cash discount is only applicable to car buyers with one-time payment. Buying a car by installment with a credit card is the same as buying a car by lump sum. You have the right to get a discount and a gift from the dealer. Moreover, most credit card banks have credit card swiping activities. After buying a car, you can also redeem the corresponding bonus gifts at the bank, which can be described as killing two birds with one stone.
4, the brand is more complete:
The biggest headache for buying a car with a credit card is the choice of car models, and China Merchants Bank's "Cheyigou" credit card has more room to choose. At present, there are 18 brands that cooperate with China Merchants Bank to handle "Car Purchase Easy", all of which are popular cars, and mainly joint venture brands, including Guangqi Honda, Dongfeng Honda, Dongfeng Peugeot, Beijing Hyundai, Changan Suzuki, Dongfeng Citroen, Shanghai Volkswagen Skoda, Guangqi Toyota, FAW Toyota, General Chevrolet, General Buick, FAW Volkswagen, Shanghai Volkswagen and so on. The above brands basically have cooperative dealers in Beijing, and the models that support credit card installment purchase are relatively complete.
5. Long repayment period:
China Merchants Bank credit card can return a car for up to 36 months, making it easy for you to become a car buyer.
How much can I save by buying a car with China Merchants Bank credit card?
For car owners, how much will it save to apply for credit card interest-free and fee-free installment payment? A staff member of the Bank Card Center of China Merchants Bank calculated an account for us. If an account is divided into 12 installments, the bank will charge at least about 3% of the handling fee, but now some models can be free of handling fee, which means that if you buy a car loan of 654.38+10,000 yuan, you can save at least 3,000 yuan of handling fee. Compared with the secured car loan, the car loan of 654.38+10,000 yuan can save at least about 654.38+10,000 yuan in handling fees and interest. In addition to saving the handling fee, the burden of buying a car by swiping a credit card is also greatly reduced, because the down payment is generally above 30%, which means that the car originally had to pay 65,438+100,000. Now, as long as the down payment is 30,000, you can drive home directly, and then the loan of tens of thousands of yuan will cost several thousand yuan every month.