Buying a car by installment, the bank loan is not available. My fourth son's shop helped me get a loan from their car brand manufacturer finance company. Is the 63000 interest 16000 high?
16000/60000=0.2667=26.67%
0.2667/3=0.0889=8.89%
The loan interest rate is not high.
Pay attention to whether the loan of 60,000 yuan has been received in full and whether the upfront expenses have been deducted.