The longest loan period for buying a car will not exceed 5 years, and most car loans are 3 years. Users need to pay 20% to 30% down payment when buying a car with a loan. At present, the 4s shop that borrows money to buy a car promises interest-free, but it will charge a certain handling fee during the handling process, usually the handling fee is higher than the interest.

Conditions for handling car loan: To handle car loan, the borrower must be at least 18 years old, have full capacity for civil conduct and have the ability to repay on time; No bad credit record and illegal record; At the same time, it is necessary to submit the bank flow; Proof of intention to buy a car; Loan to buy a car down payment certificate; Personal loan application; Other conditions stipulated by the lending institution.

Although the loan to buy a car can meet the needs of personal consumption, it is still recommended that you do not borrow money to buy a car. In addition to paying the handling fee, users also need to buy insurance at designated institutions, and the insurance cost is higher than that outside. So the cost of buying a car with a loan is still very high.

If the user only needs a little money when buying a car, then the user can postpone buying a car and save enough money to buy a car. At this time, it will be particularly convenient to buy a car, saving the trouble of loan, and it is more convenient to buy insurance without any restrictions.