Bank interest rates are low but the threshold is high.
According to the report released by China Banking Association, by the end of 20 17, the total assets of auto financing companies had reached 744.729 billion yuan, an increase of 30%, among which the loans for new energy vehicles increased substantially, reaching 9.382 billion yuan, an increase of100.3%; In the same year, the auto finance industry achieved a net profit of 147.2 1 billion yuan, up 42. 14% year-on-year, up 2.2 percentage points from 20 16. At the end of 20 17, the industry average non-performing rate was 0.25%, which was 1% lower than that at the end of 20 16.
The booming auto credit market has also attracted the attention of banks. According to the statistics of Analysys think tank, by the end of 20 17, the auto finance market share of China Commercial Bank was 67%. Ping An Bank and China Everbright Bank successively set up auto finance centers. After the establishment of Weizhong Bank, personal financial products are mainly micro-credit loans, micro-car loans and micro-industry loans. The bank's micro-car loan has also gained a lot in the past two years.
At present, the banks engaged in personal car loan business mainly include ICBC, China Construction Bank, Bank of China, China Merchants Bank and Ping An Bank. Take China Merchants Bank as an example. Car buyers need to provide water, electricity, gas, telephone or property management bills, as well as salary certificates, bank accounts, income tax forms, social security records or other income certificates, car purchase contracts or agreements and other related certificates.
Compared with other loan methods, the bank's car loan process is longer, but each link is transparent and open, and there is no need to pay guarantee fees or performance guarantee insurance fees; In terms of interest rate, the average annual interest rate of several banks is between 3.5% and 4.0%. The loan lasts for three years, and the overall interest rate is above 10%.
Don't trust zero down payment and zero interest rate.
In addition to banks, one of the main forces of auto loans is auto finance companies. The advantages of auto financing companies are also obvious. Most auto financing companies have low loan threshold, fast loan and low down payment, and can accept a minimum down payment of 20%, while most bank loans require a minimum down payment of 30%. Many models even require a down payment of 50%.
Because of the simple process and close contact with local dealers, many car buyers who apply for loans from auto financing companies can pick up their cars on the same day. In addition, the longest loan period can be five years, while most banks have a loan period of three years.
In terms of interest rate, take the car purchase plan given by Dongfeng Nissan as an example. If you buy a car with a price of about 65,438+10,000 yuan, the interest rate references given by low-interest products for two to five years are 6.77%, 7.77%, 8.92%, 9. 18% respectively, and the repayment method is equal principal and interest.
However, although bank auto loans and auto financing company loans have their own advantages, in the actual loan process, auto salesmen often recommend the latter products more.
At a car loan forum, a consumer said that auto financing companies not only charge loan fees when buying a car loan, but also need hundreds of yuan to handle vehicle mortgage and cancel mortgage. Although complaining to the brand, it is difficult to protect rights because the specific businesses are outsourcing companies. In addition, although the loan interest rate is discounted, the average annual interest rate after overall accounting is at least one percentage point higher than that of the bank.
Customers with defective credit information can only find P2P.
For most car buyers, those who can borrow from banks and auto financing companies often don't borrow from internet financial platforms. However, there is a kind of person who can only borrow money from P2P. This kind of people is the customer group commonly known as "Credit Information Flower". The credit report is flawed and it is difficult to pass the bank loan review. For auto financing companies, credit report is also one of the necessary factors for approving loans. If there is a big problem with the credit report, you can only turn to P2P company for help.
Judging from the data of 58 car loans that have been liquidated, the annual interest rate of car loans on P2P platforms is mostly above 15%, and the annual interest rate of 20% is also very common. As you can see, the interest rate of cars.
According to the incomplete statistics of Online Loan Home Research Center, there were 107 normal operating platforms in P2P online loan industry from 2065438 to February 2009, accounting for 10. 1 1% of the normal operating platforms in P2P online loan industry in the same period.
From 2065438 to February 2009, the turnover of car loan business in P2P online lending industry was about 5.743 billion yuan, down 27. 18% from the previous month, accounting for 6.02% of the turnover of P2P online lending industry in the same period. The decline in car loans in February was mainly caused by seasonal factors and the demand for scale reduction in some areas.
Related Questions and Answers: Related Questions and Answers: Can I borrow money directly from the bank to buy a car? Why? Bowen micro-loan answers for you: If you want to go to the bank for a direct loan and then buy a car, there is a high probability that it will not work. There is only one reason: to get a loan from a bank, you need to prove the purpose of the loan.
First, banks need to know what the background of the loan is.
When we went to the bank for a loan, the first thing the bank account manager did was ask us what the loan was for. Of course, some special loan products such as credit cards are excluded.
Banks should examine the loan background when handling loans. Because the flow of loan funds is limited, the people's bank of China does not give loans to some industries and things;
And the bank must know what you want to do with this loan. If there is no practical use, people will not lend.
Just like your landlord said, I just want a loan. Don't ask me why. That won't do.
Finally, I have to tell the bank that I want to buy a car Then, the next step is to buy a car according to the normal loan process.
The second is my suggestion.
Since you really want to buy a car, there is no need to borrow money before buying a car. The easy way to get a car loan is to apply for a normal car loan. You still have to look after the car first. If you look after the car, the car dealer will help you get a loan. What's the procedure? It is much easier for others to tell you directly than to learn by yourself.
Another way of car loan is the car loan products launched by banks. After seeing the car, communicate with the bank in advance and ask whether the car bought by the bank meets the bank's car loan conditions.
If you don't meet the requirements, either look at another car or choose another loan method.
Get more bank information, welcome to join my circle. Bank 1 mu, 3 points.
This answer is my original, and plagiarism is declined.