The loan amount depends on the down payment and personal credit history. Some people have many overdue credit cards and may not approve loans when buying a car. Some people are not eligible for loans because of their age or unmarried, and they will not get loans.
If you can pass the exam, the amount of the loan depends entirely on the down payment. At present, the minimum down payment for buying a new car in a 4s shop can reach 20%, and the minimum down payment for buying a used car can reach 30%, but the interest on buying a used car loan is slightly higher.
Some 4s stores will also have preferential policies from manufacturers. For example, if the loan period is less than two years, the loan has no interest, and the interest is paid by the manufacturer. At present, the financial policy of 4s stores is relatively cost-effective and the interest rate is not high. But 4s stores will charge some service fees, gps fees, production fees and so on.
For consumers who borrow money to buy a car, some 4s stores will have some additional conditions, such as the need to buy commercial insurance during the mortgage period, or the need to buy some decorations. This is also one of the profit sources of 4s stores at present.
Now the price of vehicles is very transparent. If the 4s shop sells cars in full, the profit is very low.
Million car purchase subsidy