However, if the loan contract stipulates that liquidated damages need to be paid, the user also needs to take this cost into account. When the interest saved is greater than the liquidated damages, it is cost-effective to repay in advance. Not all prepayment is cost-effective. Users with prepayment plans can calculate it first.
First, the way of car loans
1. Credit card installment loan. This kind of loan process is the simplest, and the lender can only lend with good qualifications, but the longest loan period is only 3 years.
2. Bank loans, which have strict approval and high interest rates.
3. Automobile consumption loan, which lasts for five years at the longest, but the approval is not very strict.
Second, the conditions needed for car loans
1. Car loan applicant 18 years old or above, with full capacity for civil conduct.
2 has signed a car purchase contract and is able to pay the down payment for car purchase.
3. The car loan applicant has no bad credit information and a stable source of income.
4. Provide banks with bank-approved guarantees.
5. Comply with other provisions of local policies.
Third, the car loan steps
1. Submit the application form and the materials required for the review.
2. After the bank or car loan financial institution has passed the examination, it will sign a loan contract.
3. Lend money after the bank or car loan financial institution confirms it is correct.
4. The lender shall repay the loan every month as agreed.
5. After the car loan is settled within the specified time, bring valid documents, get back the settlement certificate and mortgage certificate, and settle it at the vehicle management office.
Fourth, the precautions for buying a car by stages
If you choose auto financing company loans, you should choose those formal institutions with financial licenses. If you go to some unknown companies, it is easy to meet swindlers or loan sharks. Some 4S shops use the slogan of zero-interest car purchase, but it needs to be verified before handling, whether it is really interest-free, and whether various handling fees and service fees will be charged later. In the case of buying a car by stages, some 4S stores will ask to go to the corresponding insurance company to buy auto insurance. At this time, it is necessary to find out whether the insurance company is reliable.
Five, the benefits of buying a car by stages
Buy a car by stages to reduce the pressure of buying a car. You only need to pay the down payment to buy a car by installment, and the rest can be paid by installment. Although installment payment will generate certain interest, it will greatly reduce the pressure on consumers to buy cars. Avoid the embarrassment of not getting big money at one time. In addition, this way of buying a car is consumers' favorite way. Buying a car by stages can reasonably plan funds. Buying a car by stages For consumers, they can get a car by paying a part of the money. If a car with a total payment of 300,000 yuan only needs a down payment of 90,000 yuan, then 2 1 10,000 idle funds can be used for investment to make money, and perhaps 2 1 can earn more income. Avoid the risk of "eggs in one basket".