Because there is too much interest on the five-year handling fee, there are fewer five-year installments. The down payment is generally 30%, but the loan time can be applied for up to 5 years, but the term is long and the interest rate is high. Suitable for consumers with relatively stable economy and good credit.

Matters needing attention in purchasing cars by stages

If you choose auto financing company loans, you should choose those formal institutions with financial licenses. If you go to some unknown companies, it is easy to meet swindlers or loan sharks.

Some 4S shops use the slogan of zero-interest car purchase, but it needs to be verified before handling, whether it is really interest-free, and whether various handling fees and service fees will be charged later. In the case of buying a car by stages, some 4S stores will ask to go to the corresponding insurance company to buy auto insurance. At this time, it is necessary to find out whether the insurance company is reliable.

Different vehicles have different loan terms, so there are many influencing factors, such as whether the loan vehicle belongs to a family car or a business car, a van or a car, and so on. , car age (new or used car), whether the owner has a bad credit record, etc. So it is best to decide according to the conditions of the lending bank or this financial institution.

There is a calculation formula for automobile loan, which mainly depends on the loan method and repayment period chosen by consumers, and the bank gives a suitable repayment plan according to the economic situation.

Take the automobile consumption loan of a bank as an example, the repayment formula is: repayment amount per installment = loan principal/repayment period+(principal-accumulated repayment principal) × interest rate (monthly interest rate).

Loans to buy a car are generally based on the total amount of the first loan and calculated according to the bank loan interest rate when signing the contract. If the bank interest rate changes during the repayment period, it will be adjusted with the interest rate and remain unchanged for one year.

In addition, the current loan period for car purchase is no longer than 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 2 years.

As for the monthly payment of car loans, according to different models and different ways of car loans, the monthly payment of car loans will be different, so the monthly payment of car loans is caused by many factors.

Although the credit card installment payment has zero interest, there is usually a handling fee, and the discount is not obvious after the two offsets, which is suitable for consumers who are already credit card customers of the bank and have a certain amount of money. 3. Auto financing companies have the lowest threshold for auto loans and relatively low monthly payment pressure, and usually provide choices for consumers who are difficult to review by commercial banks and can't bear the pressure of monthly payment by credit cards, such as those with bad credit records. Therefore, when choosing a loan business, we should make a comprehensive choice.