Buying a car by installment is interest-free.

Buying a car in installments is just a selling point. Usually, there is no interest on buying a car by installment, but an installment fee will be charged. The longer the installment time, the more the installment fee, sometimes higher than the car loan interest.

Credit card installment business launched by credit institutions. The credit limit that cardholders can apply for is 200,000-200,000, depending on the situation of some banks; There are three stages: 12 months, 24 months and 36 months. There is no loan interest rate for credit installment car purchase, and banks only charge fees, no

Due to the limited credit limit of general credit cards, card-issuing banks generally require cardholders to provide financial proof, including house sales contracts and purchase invoices. Some banks require a credit card overdraft limit of 6,543,800+10,000-200,000 yuan, and some banks allow cardholders with good credit to apply for credit lines to buy cars by installments.

Obviously, more and more banks will launch credit card installment car purchase business nationwide with the needs of customers. There are China Construction Bank's Longka installment car purchase business, China Bank's "Car Loan Link" business (Beijing only), China Merchants Bank's "Car Easy" business, Minsheng Bank's "Car Link" business, China Industrial and Commercial Bank's Peony Card installment car purchase business, and some local city commercial banks' installment car purchase business, such as Hankou Bank and Bank of Ningbo.

But every bank has its own threshold: China Merchants Bank must pay 30% of the balance in installments. Some banks can also get zero handling fees for some models. In addition, the installment rate is different, and some banks only have designated models for installment.

Banks clearly stipulate the number of periods and the handling fee rate, and the number of periods, handling fees and profit types of other banks' car purchase business will depend on this.

Buying a car by installment with a credit card has also become one of the important channels of car loan. The most obvious advantage of credit card car loan is the loan interest rate. The benefits of a single loan.

Second, how to calculate the monthly interest on buying a car?

I. Calculation of Monthly Payment

Because the repayment method of auto loan is more flexible than mortgage, the general auto loan interest calculator can't meet the requirements of calculating auto loan. In addition, the fixed-term interest rate is different from other places, and a good car loan calculator needs strong background data support. The loan calculator provided by general websites can only calculate simple equal repayment or equal repayment methods.

Second, the purchase tax

In 20 1 1 year, there are two formulas for calculating the purchase tax:

1.6 liter vehicle purchase tax = tax payable × 10%.

1.6 liter and below vehicle purchase tax = tax payable ×7.5%.

The taxable value of vehicle purchase tax shall be determined in accordance with the following provisions according to different situations:

(1) Taxable value, that is, taxpayers buy taxable vehicles for their own use, and pay the sellers all the extra-price expenses of taxable vehicles, excluding value-added tax. That is to say, the total extra-price expenses issued on the unified invoice for motor vehicle sales obtained by you are divided by (1 17%) as the tax basis.

(2) The formula for calculating the taxable value of taxable vehicles imported by taxpayers for their own use is: taxable value = customs duty paid price 10 tariff 10 consumption tax.

(3) The taxable value of taxable vehicles produced, donated, donated or obtained by taxpayers in other ways shall be verified by the competent tax authorities with reference to the minimum taxable value stipulated in Article 7 of these Regulations.

Third, how to calculate the interest-free monthly payment for buying a car?

Calculation method of monthly interest-free car loan;

1. There are two forms of interest-free monthly installment payment for car purchase, namely average principal and equal principal and interest. The representative of average capital means that the monthly repayment amount of the applicant is gradually decreasing during the loan period. Matching principal and interest means that the monthly repayment amount of the applicant is fixed during the loan period.

Monthly repayment amount = loan amount ÷ loan period.

2. Interest-bearing installment payment.

(1) repayment method of equal principal and interest.

Monthly repayment amount = loan principal × monthly interest rate ×(65438+ 10 interest rate) ÷(65438+ 10 interest rate) ÷ repayment months-1.

(2) Average capital repayment method.

Monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.

4. How to calculate the installment payment for buying a car?

Using the knowledge of sequence, there is an installment formula: x = a (1p) m [(1p) m/n-1]/[(1p) m-1].

Where A is the principal, P is the monthly interest rate, M is the number of months, N is the number of times, and X is the amount of each repayment. Generally m=n, then the interest paid should be MX-A. For example, the mortgage is 75,000 years. At this time, A = 70,000, P = 0.08m = 60n = 60, x= 1473.55, and the interest is 60×1473.55-70000 =18413.2.

1, Average Capital Repayment Method (referred to as matching method): Also known as diminishing method, since the loan principal repaid by the buyer every month is the same, the interest of the next loan will be reduced due to the reduction of the principal, so the loan principal and interest repaid in each period will be reduced. In this way, the monthly principal remains unchanged, and the repayment amount is the highest in the first month, and then decreases month by month.

2. Equal principal and interest repayment method (hereinafter referred to as this method): the total monthly principal and interest is fixed, and the loan principal and interest are evenly divided into several equal parts according to the loan term, and the total monthly principal and interest are the same. This way is convenient for buyers to plan funds.

Extended data:

Credit card repayment instructions:

According to the Notice of the People's Bank of China on Matters Related to Credit Card Business, the conditions and standards for cardholders to enjoy the interest-free repayment period and the minimum repayment amount for overdraft consumption shall be determined by the card issuer.

Previously, the central bank stipulated that the longest interest-free repayment period of credit cards was 60 days, and the minimum repayment amount in the first month should not be less than 10% of the overdraft balance in that month. Although banks can set their own standards, most banks still follow the previous interest-free period, and most banks have an interest-free repayment period of 50 to 60 days.

Although most banks will automatically postpone the repayment for at least two days, cardholders must ensure that the repayment will be recorded in the overdue period of the bank. If it is not recorded in time, it will still be counted as overdue.

In addition, the cardholder should pay attention to the fact that in addition to transferring money to his peer account, if an individual transfers money through ATM, the issuing bank will handle the fund transfer 24 hours after accepting it, that is, if the payer transfers money from another person's card to his credit card through ATM, it will not arrive until 24 hours later.