It is cost-effective to borrow money to buy a car in a 4s shop. If you buy it in full first, the interest will be high in the case of mortgage loan. Only when you borrow money to buy a car in a 4s shop, the interest is the lowest.
Second, how to borrow money to buy a car is the most cost-effective.
Bank loans are more cost-effective; Suppose Bian Xiao wants to buy a car with 654.38 million yuan, with a down payment of 30% and a loan period of 3 years. One: A bank loan of 65,438+10,000 yuan to buy a car requires a down payment of 30,000 yuan, and if the remaining 70,000 yuan is borrowed from a bank, it needs to pay an interest of 7,400 yuan (the benchmark interest rate for bank loans: 65,438+6.56% for 0 years; 2-year 6.65%; 3-year 6.65%; 4-year 6.90%; 5-year 6.90%; ), the monthly payment is 2 150 yuan, and the total cost of buying a car is 107400 yuan, which is 7400 yuan more than buying a car in full. 2. Credit card loans Credit card loans only need to pay the handling fee of 12% of the total loan amount in the first month, so if the loan is 70,000 yuan, it needs to pay the handling fee of 8,400 yuan, and the monthly payment is 1944 yuan, so the total cost of buying a car is 108400 yuan, which is 8,400 yuan more than buying a car in full. Three: Finance company loans 1-3 years, the annual interest rate of finance company loans is generally around 8%- 12%. If the median value is 65,438+00% as the annual interest rate and the loan is 70,000 yuan, the interest to be paid is 65,438+065,438+03 yuan, which will be paid monthly. Extended data:
What are the ways to buy a car with a loan? First, bank loans are a way that most car owners will choose. The down payment is generally 30%, the loan term is generally 1-3 years, and the longest is no more than 5 years. The loan interest rate is low and the repayment period is long. The difference between bank loans and other ways of car purchase is that banks can apply for car loans, not limited to car models or car dealers, which greatly increases the choice of car buyers with loans. However, the formalities are more troublesome, the loan review time is long, and the down payment ratio is relatively high. Generally, you can only apply for 70% loans. This kind of loan is suitable for cash-rich car owners. Two: credit card loan credit card installment car purchase is a credit card installment business launched by banking institutions. Credit card loan procedures are relatively simple and the approval time is fast. Generally, the down payment is 30%-40%, the loan period is within 3 years, and some banks are within 2 years. The loan amount is linked to personal credit, and the biggest advantage is zero interest rate. Although the bank does not charge interest when handling the installment, it will charge a certain fee. The amount of fees varies according to the number of installments, and each bank has specific regulations, which are generally about 12% of the total loan amount. This method also has restrictions on the purchase of models, generally only to the 4S shop that cooperates with the issuing bank! Three: auto finance company loans auto finance company loans refer to loans directly provided by auto finance companies of this brand to customers when they buy cars. The characteristics of this method are that the lender does not need to provide any guarantee, the procedure is relatively simple and the approval speed is fast. However, the loan interest is high, the term is short, generally not more than three years, there are few models to choose from, and other businesses will be bound, such as all kinds of insurance and compulsory decoration that don't have to be purchased.
3. Which is more cost-effective to buy a car with a normal loan or an interest-free loan?
Interest-free loans are more cost-effective
Loan is a kind of financial behavior that many of us usually go to the bank to borrow money when the funds are insufficient, including interest-free loans and normal bank loans.
The normal loan is calculated according to the normal loan interest rate after the bank lends money, and we need to repay the interest accordingly.
Wuxi loan is based on the relevant preferential policies of the bank, and the money paid does not bear interest, so interest-free loan is more cost-effective.
4. How much is the down payment for the loan to buy a car? What is the most cost-effective loan to buy a car?
Bian Xiao is also a working class. Last year, he bought a car by installment. First, the minimum down payment for buying a car by installment is 30, which is divided into three years at most (under normal circumstances), and then the loan is made. One kind of loan can be applied for help through the 4s shop, as long as there is no major problem (there is a handling fee), and the other is that you have a credit card and you can apply directly to the bank's credit card center. Some 4s stores will say zero down payment and zero interest, all of which are gimmicks, and there will be a lot of handling fees in the middle, and the installment time will not be long.