Buying a car in installments can be interest-free: generally it is interest-free for two years, and every place is different. It depends on 4S stores, some of which need to pay a down payment of 40%. In addition, the 4S shop will require a handling fee. You need to buy all insurance in the 4S shop to pick up the car, depending on how much you need to buy a car and pay the old users in installments.

Monthly repayment amount = loan principal × monthly interest rate+loan principal × monthly interest rate ÷ The term of the car loan is one month. At present, the maximum loan period for car purchase is no more than 60 periods (that is, 5 years), but it needs to be determined according to the user's situation, vehicle type and purpose. If the purchased vehicle is used for business purposes such as rental operation and car rental, the longest period is generally not more than 36 periods (i.e. 3 years).

interest-free loan

Buying a car with interest-free loan is a preferential scheme of car loan proposed by dealers according to market demand, which reduces the pressure on consumers to buy a car to some extent. Interest-free car loan concessions are not available for all models, but there are certain restrictions. According to informed sources, not all models can enjoy this policy when buying a car with interest-free loans. Only vehicles that meet certain conditions can apply for interest-free car loans.