First, the advantages of car credit card loans are fast, simple and low threshold. Credit card loan procedures are relatively simple, and the audit fee is much lower than that of banks. Many credit card products have interest-free periods. Buyers will pay their monthly bills in full and on time, so they don't have to pay interest. However, it should be reminded that the interest-free period and the handling fee are different fees. In the process of installment payment, although the bank does not charge interest, it will charge a certain handling fee. The handling fee varies according to the number of installments, and the interest rate and payment method also vary from bank to bank. Credit card loans to buy a car, in addition to the handling fee, the down payment is usually higher than the bank. Two. The minimum down payment of bank car loan can be reduced to 20%, so it is called the choice of most potential car owners. In addition, banks can apply for a large number of loans, with low interest rates and long repayment period. The most important point is that banks apply for car loans, which does not limit the types of cars and car dealers, thus greatly increasing the choices of car buyers. Third, auto finance companies borrow money to buy cars. Not all auto brands have their own auto financing companies. There are no more than 15 auto financing companies in China. For example, the biggest advantage of Dongfeng and Nissan auto finance companies is that they don't need any guarantee from loan buyers, as long as they have a fixed occupation and residence, stable income and repayment ability, and good personal credit. The loan amount and process are basically the same as those of banks, with relatively simple procedures and quick approval.