First, when I buy a car, I will ask if I have a credit card.
If a person wants to buy a car by installment with a credit card, he needs a credit card. To purchase a car by installment with a credit card, you need a credit card from a car dealer cooperative bank, and the applicant needs to prepare a down payment of not less than 30% of the total car purchase price. Therefore, whether individuals want to apply for a car loan to buy a car or want to use a credit card to buy a car in installments, if there is no credit card at present, it is ok. Before buying a car with a loan, you can consult the local lending institution according to your personal situation to understand the relevant requirements of car loan. In addition, the borrower must remember to repay the loan in full and on time every month after successfully obtaining the loan, otherwise the overdue loan will seriously affect the borrower's own credit record.
Second, car loans.
Refers to the loan issued by the lender to the borrower who applies for car purchase. Automobile loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount issued by banks to consumers, that is, borrowers, to the principal of self-use cars (non-profit family cars or commercial vehicles with 7 seats or less). The higher the interest rate, the greater the repayment amount of consumers. The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.
To sum up, you may need a credit card to buy a car, which is also closely related to credit reporting, so you must repay it in time. If there is a problem with credit reporting, it will also bring trouble to daily life.