First, how to calculate the interest on car loans?
Interest on credit card installment purchase: In addition to the advantages of relatively simple approval and procedures, credit card purchase does not need to provide corresponding property guarantee, eliminating the burden on consumers caused by complicated procedures such as intermediary notarization and extra expenses. Of course, the so-called zero interest does not mean that the credit card will not generate fees, but will charge a handling fee, which is generally 5% for the 12 installment (one year) and 9.5% for the 24th installment (two years). Due to the different financial policies of local banks in different cities, the above-mentioned handling fee rate can only be used as a reference value; Bank car loan interest: As for the loan interest rate, ordinary bank car loans have no advantage. It is understood that the two-year car loan interest rate of a bank has risen to 7.8%, and the three-year loan interest rate has risen by about 30% on the basis of 6.65%. Usually, the 3-year car loan interest rate has risen to11.28%; Loan interest of auto financing company: the recent survey interest rate of a three-year loan of an auto financing company is 10.99%, and the five-year car loan interest rate is11.38%; Compared with the current bank loan interest rate 1-3 years (including 3 years) of 6.65%, it is much higher.
2. What is the loan fee for buying a car?
At present, the car loan fee is 3%, which is about 654.38+0 million yuan. However, there is no uniform standard for handling fees, and the regulations on handling fees vary from family to family. For example, many financial companies have launched interest-free car loans, although interest-free, but still have to charge a handling fee. Some financial companies don't charge fees. Relatively speaking, the bank's handling fee is lower than that of auto financing companies and 4S stores. Loans to buy a car in a 4s shop generally require a handling fee. Because of the procedures of vehicle mortgage and insurance, the handling fees included in the loan are mainly compulsory insurance, vehicle and vessel use tax, commercial insurance and license fee. In terms of commercial insurance, there are no relevant mandatory regulations, but 4S stores often require car buyers to buy them.
General car loan fees include performance bond, notarized mortgage fee and credit investigation fee. The handling fee of car loan is actually related to the total loan amount and other influencing factors, such as the provision of charging part of the fee.