Interest-free loans to buy a car can be paid off in advance. Interest-free loans generally repay the principal in equal amount every month, and the monthly repayment amount does not include interest, so prepayment cannot reduce interest. In addition, when signing a car loan contract, if it is agreed that prepayment needs to pay liquidated damages, then prepayment will make users lose money.

As long as there is no need to pay liquidated damages for prepayment, users can decide whether to prepay according to their actual situation.

Potential borrower

One is people with stable jobs and high incomes who want to buy a car but can't get the full amount. These people are mainly young buyers under the age of 30. Because of their short working hours and limited savings, interest-free loans are very popular among these people.

The other category is some consumers who are good at financial management.

Automobile loan method

There are two common loan methods in the market. One is the "1-3-year interest-free loan law", which is also the most common mortgage method in the market at present. Consumers only need to pay the principal, and all the interest generated during the period shall be borne by the dealer. However, only within the interest-free period stipulated by the manufacturer, the repayment is zero interest, and the expenses generated by interest will be paid normally in the remaining months.

The other is "13 months interest-free loan method", which has a maximum term of 13 months, with zero interest for repayment within the specified period, and does not support early repayment.

Loan procedure

Personal valid identity documents;

Proof of household registration or long-term residence (proof of residence can be provided, such as utilities, telephone charges, etc.). );

Personal income certificate, and provide family income or property certificate when necessary;

Work certificate of current unit.

Marriage certificate and spouse ID card (unmarried spouse materials and marriage certificate are not required, but divorce certificate or divorce agreement is required). Car purchase agreement, contract or letter of intent signed with the dealer (both new and used cars can be issued).

Matters needing attention

The so-called zero interest rate means that consumers only need to pay a certain down payment when buying a car, and the rest can be paid to the lender in installments without paying any interest.

Chen Hongsheng, the public relations minister of Dongfeng Citroen, said that car loans with zero interest rate and zero down payment are equivalent to disguised car promotion. Different from the situation abroad, the domestic' zero interest rate' cannot be regarded as a real interest-free loan. Whether users can get actual price concessions still needs to be measured by users themselves. "

Take the "zero interest rate" car loan method selected by users, the car loan should be carried out on the basis of the full price of the original factory guide price of the vehicle. For example, if you buy a car with an official guide price of about 6,543,800 yuan, the market quotation may be as low as 85,000 yuan, but the user must apply for a "zero interest rate" loan car purchase business at a price of 6,543,800 yuan. After the loan is finally paid off, the amount of interest-free part is regarded as the preferential price for purchasing this model. In fact, the cost of buying this car has exceeded the actual market value of this car.

Interest-free car loans are still available for three months. Can I pay off in advance?

Interest-free loans to buy a car can be paid off in advance. Interest-free loans generally repay the principal in equal amount every month, and the monthly repayment amount does not include interest, so prepayment cannot reduce interest. In addition, when signing a car loan contract, if it is agreed that prepayment needs to pay liquidated damages, then prepayment will make users lose money. As long as there is no need to pay liquidated damages for prepayment, users can decide whether to prepay according to their actual situation.

Reply time: 202 1-06- 15. Please refer to the latest business changes announced by Ping An Bank in official website.

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Can the interest-free car loan be paid off in advance in one lump sum?

Of course.

Interest-free loans to buy a car can be paid off in advance. Interest-free loans generally repay the principal in equal amount every month, and the monthly repayment amount does not include interest, so prepayment cannot reduce interest. In addition, when signing a car loan contract, if it is agreed that prepayment needs to pay liquidated damages, then prepayment will make users lose money.

As long as there is no need to pay liquidated damages for prepayment, users can decide whether to prepay according to their actual situation.

Matters needing attention in automobile loan:

1. Check whether the relevant information is complete.

Generally speaking, to apply for a loan from a lending institution, you need to bring the following documents: personal identity card, marriage certificate, work certificate, income certificate and other necessary supporting materials. Bian Xiao suggested that you must carefully check these documents before going out. In order to avoid running back and forth because of backwardness, and then wasting time and energy.

2. Carefully check the terms of the loan contract.

Before signing a formal auto loan contract, the borrower must carefully check every clause in the loan contract. Since most lending institutions now provide printed format contracts, their credit managers will not introduce the loans in detail one by one, but only focus on them, which may lead to deliberate neglect of some terms. Therefore, applicants must study one by one, and don't wait until they formally sign it to regret it.

3. Pay attention to the repayment method and time.

After signing the formal loan contract, the car loan was basically completed. For borrowers, it is important to remember the repayment method and time of their car loans.

At present, auto loans are mainly divided into two repayment methods: equal principal and interest and average principal. The monthly repayment amount of equal principal and interest is the same, but the interest paid is more, the repayment in the average capital decreases month by month, and the interest is less, but the repayment amount in the previous period is more. As for the repayment time, only the time stipulated in the contract shall prevail. The borrower must repay the loan on time and not overdue, otherwise it will not only be charged a certain penalty interest by the lending institution, but also affect its credit history. Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car. The borrower must be a resident of the permanent residence where the loan bank is located and have full capacity for civil conduct.