It is a trend to borrow money to buy a car now. In the past, everyone was willing to save enough money to buy what they liked. But with the change of people's thinking, car loan is the best way to solve the contradiction of required capital flow. Today, let's introduce which bank car loan is the most cost-effective.

Bank loan method

As to which bank car loan is the most cost-effective, there are many loan methods in the market: it is easier to get a loan with real estate mortgage loan, because the real estate appreciation is the fastest now, so it takes a long time to repay with real estate mortgage loan. A longer repayment period can also reduce the monthly payment, and the longest loan period is five years.

There are two ways to buy a car through a bank loan. One is that car buyers go directly to the bank for loans, and then buy the car in full. The exception is that car dealers will do the same thing for banks, but Bian Xiao suggested that everyone can borrow money from banks, so it is best to buy a car in full.

Credit card loan method

There is also a credit card installment payment, which many people will adopt. In this way, banks cooperate with car dealers to share some benefits with consumers, thus reducing the installment fee of credit cards. Credit card advertisements say that "zero interest rate" is true, but they use handling fees to get benefits. The advantage of credit card installment is that the interest-free period is as long as 56 days, and the longest repayment period can reach 3 years.

Consumer finance company loan

Consumer finance companies have relatively low loan thresholds and simple procedures. Consumers need to provide proof of identity, driver's license, residence certificate (foreign household registration), income certificate and other documents to lending institutions (banks or finance companies). But the loan interest rate of finance companies is higher than that of banks.

There are many ways to buy a car loan, but each has its own advantages and disadvantages. Auto direct loan will make the repayment rate of car buyers slightly higher, and the threshold of bank direct loan is higher. Credit card loans, the handling fee is relatively high, and consumer finance companies have low thresholds but high interest rates. So which bank car loan is the most cost-effective, depends on which way you value more.

Second, which bank has a good car loan? Which bank has an advantage?

Many people are entangled in whether to buy a car in full or by loan, and what kind of loan method to choose. Which bank is good for financing? Which bank has an advantage?

There are different ways to get a car loan.

At present, the channels of car loan are banks and auto financing companies. Among them, banks include traditional car loans and credit card installment payments. There are many kinds of traditional car loan business, so customers who choose "direct customer" business can borrow money first and then buy a car; Choose a good car before applying for a loan through a car dealer.

Nanjing FAW University, credit card installment business is relatively popular at present, and the threshold is low, such as buying public credit cards. In the field of consumer loans, real estate can be mortgaged and used to buy a car, as well as unsecured consumer loans such as Jiangsu Bank.

The bank's car loan products are also vigorously promoting car loans. For example, FAW-Volkswagen launched the "Financial Engine" derivative service platform, and successively launched "0 interest rate loan scheme", "China Merchants Bank Car Purchase Easy" and "Minsheng Bank Car Purchase Link" and other businesses.

According to industry analysis, the credit card installment form is fast, but the amount is high, and the loan is a bit expensive; The advantage of auto financing company loans is that car dealers can "let car brands; For traditional automobile mortgage, the industry cycle is also long, but the disadvantage lies in liberalization.

One-day loan "favored"

There are also many people who are very sensitive to know that interest-free loans are very attractive, but people in the industry remind that they must be "careful" to truly save money. For example, a salesperson of a 4S shop in Nanjing said that the loan to buy a car is generally less than 6,543,800 yuan, and you can enjoy an interest-free loan within one and a half years, but you need to pay a handling fee of three points; For the installment of bank credit cards, in some banks, you must also buy theft or full insurance to enjoy interest-free loans. This may not save money in the end, and the car of a joint-stock bridge in Nanjing will float on the benchmark interest rate of the central bank loan according to the credit status of the loan.

The lending time of car loans is also a concern of many people. Different loan methods have different loan time. It takes about a week to lend money in a bank and two to three days in an auto financing company. At present, the fastest car loan product on the market is to move flat parts through PAD. As long as the information is complete, you can get a loan. Backstage approval is carried out at the headquarters, and relying on the advantages of internet finance, the loan application of car buyers can be completed quickly. According to the relevant person in charge, this project is currently cooperating with the top ten luxury car brands, and the loan can limit the models and car dealers, greatly increasing the choice space for car buyers.

At present, there are many popular ways to handle car loans. The loan interest rate is different, and the payment speed varies from half a month to several days. The one with the fastest payment can get a loan in one day, which is called "lightning loan". You can judge how to apply for a loan according to your own needs.

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Third, buy a car loan to go to the bank or go to finance?

1. Bank loan.

Advantages: There are no restrictions on the types of car loans from banks, and the repayment time can be flexibly selected between 2-5 years in theory, which is especially suitable for high-quality or high-end customers.

Disadvantages: From the perspective of credit development, automobile consumption loans first started from banks. However, at present, banks are facing the pressure of tightening credit scale, and consumer loans such as car loans have shrunk sharply, and the loan doors of some middle and low-end cars have been temporarily closed. Therefore, this is also a difficult way to operate in several major car loan channels. In addition, the approval is troublesome, the loan period is long, and most of them need real estate pledge, so it is difficult for individual users to handle car loan business.

Second, financial loans.

Advantages: The convenience of auto financing company loans is not only reflected in the direct application through 4S stores, but also in the fact that it does not need too many hard conditions such as hukou and real estate, which is one of the most obvious advantages of auto financing companies compared with bank car loans and other channels. This auto financing auto loan method is usually flexible and can be used in stages to meet the needs of customers. Generally, it is not easy to apply for a car loan with a three-year repayment by credit card, but it is relatively easy for an auto financing company to apply for a longer repayment period, usually around three years, which relieves the pressure on car owners to some extent.

Disadvantages: The loans of auto financing companies basically only provide the business of designated models of this brand and related brands. Compared with buying a car by installment with a credit card, its loan period is longer. More than that, its car loan interest is higher than that of bank loans in the same period, and the approval is stricter. At the same time, there are a lot of hitchhiking fees, and it has not yet entered a benign model based on promotion. Generally, people who fail to approve bank loans can consider this way.

There is also a commonly used loan method: credit card loan.

Advantages: The most obvious advantages of credit card car loan are fast approval and relatively simple procedures. If consumers use a credit card loan to buy a car, they only need to use a credit card with a good credit record within the validity period, provide their ID card and apply to the card bank for car purchase by installments. Even if you don't have a credit card, you can go through the formalities of buying a car with a credit card at the car dealer, which usually takes 3-7 working days.

Disadvantages: it is necessary to specify the cooperative brand and model, which has certain restrictions on the applicant; The longest installment is 36 (3 years), and the actual operation is controlled at 12-24, paying more attention to the credit of cardholders or applicants. If the credit information is not so good, don't choose this method.

4. What kind of car loan is suitable? I mean, car loans and banks.

Car loan is a credit card installment car purchase, launched by China Bank; At present, it is more popular to buy a car by credit card in installments. Whether there is a credit card does not affect the application for car purchase by installment; Car loans are also launched by banks. Is the bank you are asking about a traditional car loan? At present, the traditional bank car loan has not been operated much because of the bank quota. I suggest you buy a car by credit card. Bank of China and ICBC are not limited to models, and China Merchants Bank and Minsheng have also launched this business; You can consult your local bank to see which bank has a lower handling fee; Want to know more about car loans, you can come to Aigou Finance Network.