1. Bank loan:

The minimum down payment is reduced to 20. At present, many banks have reached cooperation with car brands, which not only provide car price discounts and handling fee discounts, but also special bonus points and exquisite gifts. The minimum down payment for a bank loan can be reduced to 20, the interest rate is low, and the repayment period is long, making it the choice of most prospective car owners. However, the cooperation between banks and car brands limits brands and models.

2. Credit card installment payment:

Interest-free does not mean no handling fee. Another option is credit card installment payment. Its advantages are fast, simple and low threshold. Moreover, many credit card products have an interest-free period, and car buyers will pay the monthly bill amount on time and in full without paying interest. However, it should be reminded that the interest-free period and handling fees are two different charges. When applying for installment payment, although the bank does not charge interest, it will charge a certain handling fee. Fees vary depending on the number of installments of the note, as do the bank's interest rates and collection methods.

3. Car finance companies:

Some of them charge loan fees. In addition, many car brands have their own car finance companies. The advantage is that as long as they have a fixed occupation and residence, stable income and repayment ability, and good personal credit, they do not need any guarantee from the loan buyer. The loan amount is basically the same as that of the bank, the procedures are relatively simple, and the approval speed is fast. Most car finance companies have a loan ratio of 3 and an interest rate between 0.5 and 0.65. At the same time, some auto finance companies still charge loan fees, ranging from 1,000 yuan to 2,500 yuan.

Attachment: Disadvantages of car loans:

1. Loan application is troublesome. (Loans must provide your ID card, household register, personal income, bad credit record, and some also must provide your own real estate certificate, etc.)

2. Applying for a loan takes a long time.

3. The loan cannot be given to you for free. We will only lend it to you if there is a little interest. Therefore, your car loan must carry interest. You have to buy insurance for loans etc.

One million car purchase subsidies