It means that when consumers buy a car in an auto company, they can borrow money from the bank, and the guarantee company will provide guarantees for consumers and bear the full loan interest. In this way, consumers are equivalent to borrowing money to buy a car, which saves about 7% of the total car price compared with normal loans.

What's the difference between an interest-free loan for buying a car and a post-payment loan?

1. Different definitions

(1) Loan to buy a car: The loan granted by a lender to a borrower who applies for buying a car is actually a loan from a financial institution to buy a car. However, financial institutions require car buyers to pay a certain down payment and provide proof of repayment ability. There is no bad credit record, and you can apply for a loan to buy a car only by meeting the requirements of financial institutions.

(2) Installment payment: it is mostly used for product transactions with long production cycle and high cost. Choosing credit card installment payment is more economical than bank car loans and auto financing companies. Usually, credit card installment payment is free of guarantee and interest, and only charges a handling fee. At the same time, when buying a car by credit card, there is no mandatory requirement for new car insurance and renewal. Generally, you only need to buy major insurance and burglary.

2. Different application conditions

(1) Loan to buy a car: To apply for a car consumption loan, you must go to a special dealer recognized by the bank to buy a car within a limited range. Car buyers must have a relatively stable job, a relatively stable economic income or assets that are easy to realize, so as to repay the loan principal and interest on time.

During the period of applying for a loan, the car buyer will deposit the down payment for car purchase lower than that stipulated by the bank into the account of the savings counter of the handling bank, and provide the bank with a guarantee recognized by the bank. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.

(2) Installment payment: In terms of credit card installment payment, banks will have higher requirements for applicants, generally requiring local accounts, stable income, no bad credit history, real estate, and high-quality bank customers are preferred. It's easier to apply for installment payment. As long as the bank launches this service, car buyers can follow the rules of different banks.

Banks have different ways to pay by installment. In addition to the goods in the credit card installment catalogue, some banks have specific requirements on the place and amount of purchase.

3. Different interest rates

(1) Loan to buy a car: The interest rate of a car consumption loan refers to the ratio between the loan amount and the principal paid by the bank to the consumer, that is, the borrower, to buy his own car. The higher the interest rate, the greater the repayment amount of consumers. At present, the loan interest rate for automobile consumption is calculated according to the loan interest rate for the same period stipulated by the People's Bank of China.

Many auto financing companies have launched interest-free car loans, but the regulations on handling fees are different, some of them are charged and some are not.

(2) Installment payment: Although credit card installment payment is free of interest, the handling fee is inevitable. Because banks calculate fees in different ways, you should choose the most suitable card to trade after you know the fees of credit cards.

What do you mean by car discount?

Discount refers to the state subsidizing the loans of a certain industry in order to support it. This kind of loan is called loan discount interest. Because the car loan interest rate of auto financing companies is relatively high, there are many ways to apply for car loans now. In order to attract applicants, auto financing companies will have some preferential activities such as car loan concessions. The relevant information of vehicle purchase tax is as follows: 1. Introduction: Vehicle purchase tax is a kind of tax levied on units and individuals who purchase prescribed vehicles in China, which evolved from vehicle purchase surcharge. 2. Tax payment place: the purchase of taxable vehicles should be reported and paid by the competent national tax authorities in the place where the vehicles are registered; The purchase of taxable vehicles that do not need to go through vehicle registration procedures shall be reported and paid to the local competent tax authorities of the taxpayer.

What do you mean by car loan discount?

Question 1: What does the loan discount mean? In order to support a certain industry, the state subsidizes the loans of this industry, which is called loan discount. For example, in order to support agriculture (arouse farmers' enthusiasm for production), the state implements low-interest loans to buy seeds/fertilizers (in order to ensure the interests of banks, the state makes up for the lack of interest), and the loans obtained by farmers are loan interest subsidies. The so-called "loan concession" means that consumers can buy a car in an auto company and then borrow money from the bank. Guarantee companies provide guarantees for consumers and bear the full loan interest. In this way, consumers are equivalent to borrowing money to buy a car, which saves about 7% of the total car price compared with normal loans.

Question 2: What does car loan discount mean? The so-called "loan concession" means that consumers can buy a car in an auto company and then borrow money from the bank. Guarantee companies provide guarantees for consumers and bear the full loan interest. In this way, consumers are equivalent to borrowing money to buy a car, which saves about 7% of the total car price compared with normal loans.

Question 3: What do you mean by the independent discount on car loans? Hello, how much interest do you need to pay? It is impossible to get a free loan. I hope my answer can help you. More car encyclopedia, more car discounts, all in 17 cars.

Question 4: What is the discount for buying a car with a loan? Discount loan!

Question 5: What do you mean by discount? Discount generally refers to financial discount, which means that among the interest of bank loans, the borrower is responsible for paying part of the interest and the other part is subsidized by the government. This part of the subsidy interest is called discount.

Question 6: What is the discount for buying a car with a loan? In order to support a certain industry, the state subsidizes the loans of this industry. This kind of loan is called loan interest subsidy.

Question 7: How much is the discount for installment car loan? Preferential is generally the financial companies of major automobile manufacturers! Originally, the interest rate of financial companies was very high, and manufacturers gave discounts to customers in order to promote sales, so the loan interest rate of customers became smaller!

Question 8: The difference between interest-free loans for car purchase and discount loans is that interest-free loans have no interest, and discount loans are factory subsidies. It makes no difference. They are all preferential policies and different schemes.

Question 9: What does it mean to get a car discount of several thousand yuan?

Question 10: What does discount loan mean? Discount loans are generally policy loans, because loans need to pay interest to banks, so this form of national discount loans has emerged, which is more common in rural areas, farmers and students.