I. Bank loans

1. Advantages: There is no restriction on vehicle types in bank car loans, and the repayment time can be flexibly selected between 2-5 years in theory, which is especially suitable for high-quality or high-end customers.

2. Disadvantages: From the perspective of credit development, automobile consumption loans first started from banks. However, at present, banks are facing the pressure of tightening credit scale, and consumer loans such as car loans have shrunk sharply, and the loan doors of some middle and low-end cars have been temporarily closed. Therefore, this is also a difficult way to operate in several major car loan channels. In addition, the approval is troublesome, the loan period is long, and most of them need real estate pledge, so it is difficult for individual users to handle car loan business.

Second, financial loans.

1, Advantages: The convenience of auto financing companies' loans is not only reflected in the direct application through 4S stores, but also in the fact that they do not need too many hard conditions such as hukou and real estate, which is one of the most obvious advantages of auto financing companies compared with banks' auto loans and other channels. This auto financing auto loan method is usually flexible and can be used in stages to meet the needs of customers. Generally, it is not easy to apply for a car loan with a three-year repayment by credit card, but it is relatively easy for an auto financing company to apply for a longer repayment period, usually around three years, which relieves the pressure on car owners to some extent.

2. Disadvantages: The loans of auto financing companies basically only provide the business of designated models of this brand and related brands. Compared with buying a car by installment with a credit card, its loan period is longer. More than that, its car loan interest is higher than that of bank loans in the same period, and the approval is stricter. At the same time, there are a lot of hitchhiking fees, and it has not yet entered a benign model based on promotion. Generally, people who fail to approve bank loans can consider this way.

Thirdly, there is a common loan method: credit card loan.

1, Advantages: The most obvious advantages of credit card car loan are fast approval and relatively simple procedures. If consumers use a credit card loan to buy a car, they only need to use a credit card with a good credit record within the validity period, provide their ID card and apply to the card bank for car purchase by installments. Even if you don't have a credit card, you can go through the formalities of buying a car with a credit card at the car dealer, which usually takes 3-7 working days.

2. Disadvantages: it is necessary to specify the cooperative brand and model, which has certain restrictions on the applicant; The longest installment is 36 (3 years), and the actual operation is controlled at 12-24, paying more attention to the credit of cardholders or applicants. If the credit information is not so good, don't choose this method.