"Flexible credit" is relative to "standard credit". The so-called "standard credit" is actually a loan with equal principal and interest, that is, the monthly repayment amount is the same, the loan term is 13-60 months, and the down payment is not less than 30% of the total car price. The interest rates from high to low are: 7.3%, 7.5%, 7.9%, 8.5% and 8.9%. Flexible credit is a characteristic product of Volkswagen Finance Company, which is similar to the smart loan of Chuangfu Auto Finance. It consists of three parts: down payment, monthly payment and flexible balance payment. The minimum down payment is 30% of the car price, and the monthly repayment amount is equal to the monthly payment. Compared with bank loans, the monthly payment is about less 15%-20%. The elastic balance shall be retained and returned in the last month of monthly loan issuance, and the amount shall not exceed 25% of the total loan amount. The loan term is 65,438+03-48 months, and the interest rates from low to high are: 7.65, 438+05%, 7.35%, 7.75% and 8.35%.