The last advance payment is a loan product launched by finance to serve property buyers. After the real estate transaction is completed, the buyer handles the bank mortgage, and the finance pays in advance to help the seller recover all the house payment in time.

What does it mean to pay the final payment for a car loan?

You take "the last payment" as the topic of Baidu, and Baidu has the answer.

What does the last payment of the car loan mean?

The final payment of car loan means that consumers pay the final payment in one lump sum according to the agreement of car loan contract when implementing car loan. The final payment of car loan is the part that consumers have not paid except for down payment or early payment.

There are several payment methods for the final payment of auto loans, depending on the loan term.

1, 50% down payment for car loan, and 50% off balance after one year;

2. The down payment of car loan is 30%, the loan period is one or two years, the final payment is 30%, and 40% is paid within the loan period, with regular monthly repayment.

What do you mean by the payment ratio of the rear car?

The proportion of car loan balance usually refers to the remaining amount that consumers need to pay in the last month after paying the down payment and monthly payment. At present, there are two common balance ratios, one is 505 scheme, with 50% down payment and 50% final payment, and the loan term is 1 year. The other is Scheme 303, with 30% down payment, 30% final payment and 40% payment during the loan period.

The balance ratio of car loan usually refers to worry-free loan schemes, such as 505 car loan, 50% down payment, 50% final payment, and loan term 1 year. For those who have fixed deposits or fixed bonuses or income at the end of the year, this car loan scheme.

It is worth noting that the final repayment of auto loans is usually decided by the lending institution and the lender through discussion before the loan.

What does the proportion of the last payment in the car loan mean?

For example, if you borrow 65,438+million yuan, in fact, the principal of 10W is split. Assuming that the balance is 20%, it will be divided into 80,000 and 20,000, of which 80,000 will be repaid in installments over three years and 36 installments, and 20,000 will be repaid in the 36th installment. In other words, the higher the proportion of the final payment, the smaller the repayment pressure at ordinary times, and the greater the pressure in the last period. On the contrary, the opposite is true.

What does down payment180,000 mean?

After the down payment, it is estimated that the loan will not be repaid for a period of time, and then the final payment will be paid in one lump sum.

Proportion of final payment of car loan

It's general motors finance.

/kloc-50% down payment for 0/60,000 car, and you have already paid 80,000. So the loan is 80 thousand.

The monthly payment of 9 10 is only interest, and the principal of 80,000 yuan will be paid together at the last payment of 9 10 and 809 10.

Therefore, if you borrow 80,000 yuan, the annual interest is 910x12 =10920, and the annual interest rate is as high as 13.65%.