You can pay the down payment by credit card when you buy a car.
Car purchase by credit card installment is a credit card installment business launched by banking institutions. The credit limit that cardholders can apply for is 200,000-200,000, depending on the situation of some banks; There are three stages: 12 months, 24 months and 36 months.
There is no loan interest rate for buying a car by credit installment, and the bank only charges a handling fee. The handling fee rate is different in different installments.
application area
1. Due to the limited credit line of general credit cards, the issuing bank will generally require the cardholder to provide proof of financial resources. The sources of funds recognized by the bank include real estate license or commercial housing sale (pre-sale) contract, purchase invoice, etc. Some banks require a credit card overdraft limit of 654.38 million-200,000 yuan, and some banks allow cardholders with good credit to apply for credit lines to buy cars by installments.
2. Obviously, with the demand of customers, more and more banks will launch credit card installment car purchase business nationwide. There are China Construction Bank's Longka installment car purchase business, China Bank's "Car Loan Link" business (Beijing only), China Merchants Bank's "Car Easy" business, Minsheng Bank's "Car Link" business, China Industrial and Commercial Bank's Peony Card installment car purchase business, and some local city commercial banks' installment car purchase business, such as Hankou Bank and Bank of Ningbo.
3. However, each bank has its own threshold: China Merchants Bank has to make a down payment of more than 30% before it can be phased, and ICBC says it can be phased in full. Some banks can also get zero handling fees for some models. In addition, different models have different installment rates in different periods, and some banks only have designated models for installment.
Program flow
(1) filing an application. After you are optimistic about the vehicle to be purchased, fill out the Application Form for Automobile Consumption Loan and the Credit Status Questionnaire, and submit them to the loan bank together with the relevant certificates of personal situation.
(2) The bank conducts pre-loan investigation and approval. If the loan conditions are met, the bank will promptly notify the borrower to fill in various forms.
(three) notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures.
(4) Loans issued by banks (directly transferred by banks to the account of automobile dealers).
(5) The borrower pays the down payment to the car dealership, and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
Can I use a credit card for the down payment of car loan?
Answer:
Yes, but it should be noted that you don't buy a car directly by credit card. It is best to buy it by car loan, usually by credit card.
To handle this kind of business, taking the e-flash loan of China Merchants Bank as an example, I need to promise that the proceeds will only be used for consumption (including but not limited to decoration, home appliances, weddings, car purchases, etc. ), shall not be used in non-consumption and investment fields. These cars can be loaned quickly, so it is enough to consider the repayment time and amount in line with reality.
Buying a car by credit card depends on your financial situation. If you have money to buy a car or make a down payment, you can swipe your credit card first and charge an extra month's interest.
If you have no money to buy a car, you want to pay by credit card and then pay it back in installments. It's not cost-effective. At present, most car dealers can apply for interest-free loans for two years, with a maximum loan of 70%. Why pay interest by credit card in installments?
If you pay the down payment on a car with a credit card and then take out a loan to buy a car, because you don't even have a down payment, you need to pay the down payment with a credit card.
First, you can buy a car with a credit card. There is no doubt about it.
Secondly, regarding the minimum down payment ratio, it can generally reach 30% down payment, and some can reach 20%.
If you want to borrow money to buy a car, it is suggested that you can choose some car brands with preferential loans, such as Skoda's 2-year 0 interest rate. That will save a lot of interest. Because of the general loan, the interest is at least 10 thousand to 20 thousand.
But another thing you need to know is that the down payment ratio is only the ratio of the bare car price. Other purchase taxes, insurance, licensing fees, etc. All need to be paid in cash.
If the down payment ratio is 30%, the naked car needs to pay 30,000 yuan in cash, as well as the purchase tax plus insurance, plus the loan handling fee. Almost 20 thousand yuan, so the down payment needs 50 thousand yuan This needs to be understood in case the budget is insufficient.
Finally, a loan to buy a car must be based on your own income. Don't let the loan repayment bring too much pressure to your life, which will be counterproductive.
Can a credit card be used as a down payment for buying a car?
Answer:
Yes, but it should be noted that you don't buy a car directly by credit card. It is best to buy it by car loan, usually by credit card.
To handle this kind of business, taking the e-flash loan of China Merchants Bank as an example, I need to promise that the proceeds will only be used for consumption (including but not limited to decoration, home appliances, weddings, car purchases, etc. ), shall not be used in non-consumption and investment fields. These cars can be loaned quickly, so it is enough to consider the repayment time and amount in line with reality.
Buying a car by credit card depends on your financial situation. If you have money to buy a car or make a down payment, you can swipe your credit card first and charge an extra month's interest.
If you don't have the money to buy a car, you want to pay by credit card, and then pay back the credit card in installments, which is not cost-effective. At present, most car dealers can apply for interest-free loans for two years, with a maximum loan of 70%. Why pay interest by credit card in installments?
If you pay the down payment on a car with a credit card and then take out a loan to buy a car, because you don't even have a down payment, you need to pay the down payment with a credit card.
First, you can buy a car with a credit card. There is no doubt about it.
Secondly, regarding the minimum down payment ratio, it can generally reach 30% down payment, and some can reach 20%.
If you want to borrow money to buy a car, it is suggested that you can choose some car brands with preferential loans, such as Skoda's 2-year 0 interest rate. That will save a lot of interest. Because of the general loan, the interest is at least 10 thousand to 20 thousand.
But another thing you need to know is that the down payment ratio is only the ratio of the bare car price. Other purchase taxes, insurance, licensing fees, etc. All need to be paid in cash.
If the down payment ratio is 30%, the naked car needs to pay 30,000 yuan in cash, as well as the purchase tax plus insurance, plus the loan handling fee. Almost 20 thousand yuan, so the down payment needs 50 thousand yuan This needs to be understood in case the budget is insufficient.
Finally, a loan to buy a car must be based on your own income. Don't let the loan repayment bring too much pressure to your life, which will be counterproductive.
Can I use a credit card for the down payment of mortgage car purchase?
Yes, you can.
At present, there are two credit card purchase modes:
Pay in full by credit card first, and then apply to the bank for bill installment. The premise is: your credit card is enough to pay for the car.
Second, most car dealers support buying a car by credit card, but the difference is that the banks that specify cooperation by stages are different, so you must ask the merchants clearly before buying. Can you buy a car by stages with this bank credit card in your hand?
The credit card installment car purchase method has the advantages of convenient application process, low threshold and lowest handling fee, but the choice of car loan method should be based on your own situation.
For example, you take a fancy to a car with suitable performance and style in all aspects, and the car price is 6,543,800 yuan. Then, after applying for credit card installment and paying 30% of the car down payment, you will borrow 70,000 yuan within three years, and you will have to pay back the interest of about 8,400 yuan.
However, if the 70,000-yuan credit card installment fund is put in the bank or invested, at the current interest rate level, even if it is calculated regularly for three years, there will be interest of about 8,900 yuan at maturity. The difference between the two is nothing more than that credit cards need to pay interest first and repay monthly. Therefore, after careful calculation, it is not uneconomical to buy a car by credit card in installments.
Extended data
The correct way to eat:
The consumption mode of using credit card is basically the same as that of using debit card, but there are some minor differences. When using a credit card, please follow the following methods:
1. When swiping your card, please don't put your credit card away from your sight to avoid misuse or theft;
2. Don't sign a blank or unfilled bill at will;
3. Before signing, please be sure to confirm whether the amount listed in the signed bill is correct, and pay attention to whether the consumption currency and the amount expressed in words and figures are correct;
When using a credit card, you must sign to confirm the consumption. Generally, you don't need to show your ID card or enter your password. However, please cooperate in the following situations:
Due to the operating standards, POS machines in some cities still need to enter passwords. Please enter 6 digits at will. If you spend a lot of money or buy goods that are easy to realize, it is recommended that you enter an accurate ATM private password.
5. When the transaction needs to be rewritten or cancelled due to the wrong signing, please ask the merchant to tear up all the original signing and keep the return voucher given by the merchant to avoid future occurrence;
6. After signing the bill, please confirm that the credit card returned by the salesperson of the special merchant is indeed his own credit card;
7. After the transaction is completed, please keep the root contact of the signing cardholder for checking with the credit card statement sent by the bank.