Nowadays, many auto finance companies have launched interest-free car loans. However, they have different regulations on handling fees. Some need to charge handling fees, and some do not charge handling fees. If the car model you want to buy is interest-free and free of handling fees, it is relatively affordable. If you need to charge handling fees, you must carefully calculate and measure it. The handling fee for a car loan is generally between 4-7% of the total car payment, and the handling fee must be paid in one lump sum at the same time as the first monthly payment. If the handling fee is too high, you may wish to consider other types of car loans.

2. Things to know when buying a car with a loan: Read the relevant insurance terms carefully before applying for a car loan

Applying for a bank loan to buy a car means that the car will be lost before the bank loan is paid off. It's mortgaged to the bank. In order to reduce risks, banks generally require the purchase of some car insurance as a condition of the loan in the car loan contract. The premiums of these insurances may not fully meet your requirements, and may even be too high, so when applying for a car loan, you must carefully read the relevant insurance terms and weigh the cost of the car insurance.

3. Things you need to know when buying a car with a loan: There are restrictions on buying a car with a zero-interest loan

Many car manufacturers will cooperate with car loan institutions to launch activities to buy a car with a zero-interest loan. , generally found in mid-to-high-end models. However, when buying a car with a zero-interest loan, you cannot enjoy the cash discounts on the purchased model, and sometimes the amounts of these cash discounts are quite large. Therefore, if you want to apply for a zero-interest loan to buy a car, you need to comprehensively evaluate whether the total price of the car loan is acceptable.

4. Things to know when buying a car with a loan: Consider the increase in the car payment and loan interest rate

Generally, when it is an interest-free loan, the total car payment will increase by a certain percentage, because 4S stores have slightly different quotations for customers who buy cars with cash and those who buy cars with loans. In this case, it is necessary to calculate the amount of the loan to buy a car, and whether it exceeds the total amount of personal credit and cash to buy a car. If it exceeds, you may wish to apply for a personal credit loan. If it does not exceed, you can apply as follows. Interest-free loans.

How much is the interest-free loan fee for car purchase?

How to calculate the interest-free loan fee for car purchase? Taking a car with a total price of 120,000 as an example, the down payment is 40, which means the maximum loan amount is 72,000. Yuan. Generally, according to bank regulations, the down payment is 50,000, and the total installment amount is 70,000. Calculated based on 12 installments, the monthly repayment is 70,000/12=5,833 yuan, and the handling fee is 70,000*3.5=2,450 yuan.

If you choose an interest-free car loan, the total cost of buying a car will be 122,450 yuan. If you choose a one-year car consumer loan, the total cost plus the loan interest is 70,000*7.47=5,229 yuan, so the total cost of buying a car is 125,229 yuan. From this aspect, it is not difficult to see that it is more affordable to buy a car with an interest-free loan.

Although interest-free car loans seem to be a good deal, there are many application requirements. Generally speaking, if you buy a car with an interest-free loan, the total car payment will increase by a certain percentage. If you buy a car with cash, The price cannot be the same as buying a car with a loan.

In addition, in order to reduce risks, banks usually require you to purchase some car insurance as a condition of the loan in the car loan contract. Some insurance may not be of much use in the future use of the vehicle, but you must purchase it to apply for it.

Buying a car with a loan is said to be interest-free for two years, but actually there is a handling fee?

Understand that the wool comes from the sheep. Banks and car finance won't let you use their money for nothing.

There are various disguised charges, and the discount on interest will be made up for in other expenses

The interest-free loan mentioned in the car buying 4S store, how much is the approximate handling fee for 50,000 yuan?

4S stores are obligated to help customers apply for car loans when buying cars in the store. Therefore, it is illegal for 4S to charge loan fees at present, and they cannot provide you with formal consumption invoices. They usually issue receipts; in fact, The 4S store can't do much for you. If you go through a bank, you still need to go there yourself. The store only prepares the information, goes to the bank for an interview, and finally makes the loan. It's also very simple if you go through the financial company in the store. Besides, the financial company and the car dealer They are all interested in it, and it can be said that it is their job responsibility to handle it free of charge; unfortunately, car dealers are cheating like this, so the price can be discussed in many cases, just have to deal with the sales, if you don't mind, then Don’t worry about it; the current charges are generally between 1,000 and 2,000. For high-end cars, they may be charged in proportion to the loan amount. You will inevitably be cheated when buying a car. How much is the problem, I wish you good luck!

Are there any restrictions on buying a car with an interest-free loan?