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Second, how many years can I buy a car with a loan? The longest loan can't exceed 5 years.
Now more and more people can afford to buy a car because they choose to borrow money to buy a car. As long as they pay a part of the down payment, the rest can be repaid by installments, and they can buy their own cars on the premise of insufficient funds. So, how many years can I buy a car with a loan? Let me introduce you.
How many years can I buy a car with a loan?
At present, the main ways of automobile installment loan in the market are bank mortgage loan, automobile financing loan and credit card installment payment, and the term is generally 1 year, 2 years, 2.5 years, 3 years, 4 years and 5 years. However, the shortest term of car loan is half a year, and the longest is generally not more than five years.
If money is tight, you can extend the loan period appropriately, which can relieve your economic pressure. However, when choosing a loan bank, different banks will have different interest rate concessions, loan quotas and repayment periods. You can go to the relevant departments to find out before buying a car.
3. How many installments can I buy a car with a loan?
At present, car loans are generally 30%-50% down payment, and the longest loan period of a car is only 3 years. Because the car is a worn-out product, the loan period is up to 3 years and the longest installment is 36.
Car loans can last for a few years at most.
General car loans can be borrowed for three years, up to five years.
How much is the car loan down payment and how many installments can it be divided into?
Hello, the minimum down payment for car loan is 30% of the bare car price. Generally, there are 12, 18, 24 issues. And issue 36.
Extended data:
Installment credit
Installment loan is a loan that the bank allows the borrower to repay in installments within a certain period of time. When issuing such loans, banks must investigate the borrower's financial situation and repayment ability, and at the same time, they must determine the time of repayment in installments, the amount of repayment in each installment and the calculation method of interest in the loan contract. For example, a bank issues an installment loan of 6.5438+0.2 million yuan, which is paid at the beginning of the year, recovered at the end of the month, and settled at the end of the year.
According to the specific repayment methods, installment loans can be divided into complete installment repayment methods and partial installment repayment methods.