Car installment loan calculation method: 1. Calculation formula of equal principal and interest: [Loan principal × monthly interest rate × (1-month interest rate) ^ number of repayment months] ÷ [ (1-month interest rate) ^ repayment months Number - 1]; 2. Equal amounts of principal, monthly repayment of the same amount of principal and interest generated on the remaining loan, calculation formula: monthly repayment amount = (loan principal/number of repayment months) (principal —The accumulated principal amount that has been repaid) × monthly interest rate.

Different loan methods are developed based on the different needs of car buyers. When applying for a car loan, you should consider all aspects. In addition to considering the interest rate and down payment, you should also compare the loan time and service fees. , whether there will be liquidated damages for early repayment, etc. For example, for office workers with a stable income, credit card installment repayment is the first choice. This method has low overall rates and more flexible installments. Most card issuers will also count the installment amount into consumption points.

If you are a small business owner with large income changes or high requirements for working capital, you can choose a flexible auto finance company. Choosing flexible credit to buy a car can increase the utilization rate of funds. If the car price is high or the loan period is long, bank loans are a better choice. At the same time, bank loans also have the largest number of available models among the three car buying methods. All in all, different methods of car loans have their own pros and cons, and only the one that suits you is the best.

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