The earlier the car loan is, the more cost-effective it will be, which will reduce interest expenses. The term of car loan is generally 1 to 3 years, and the longest one will not exceed 5 years.

How many years is the most cost-effective to buy a car? How many years is the car loan?

Buying a car by stages is the mainstream way to buy a car at present. General manufacturers and distributors have a variety of schemes, including 1 year (12), 1.5 years (18), 2 years (24), 3 years (36) and 5 years (60). The more installments, the higher the interest.

However, it is not that the less you can say, the better. The most cost-effective way to buy a car in a few years depends on the specific financial plans of manufacturers and dealers. For example, Mazda 3 Angkeira's current financial plan is 36 periods with zero interest, so it is definitely the most cost-effective to buy Angkeira within three years. Interest is paid every 1 or two years.

Another example is the Accord. Now all agreements can enjoy 24 periods of zero interest rate, so you naturally won't choose 1 year and a half or three years.

It should be noted that the official financial plan has a time limit, so you must read it clearly before buying a car; In addition, these plans may be tied to some other consumption, such as returning to the store for maintenance during the installment period. You need to ask clearly when you talk about the price with sales.

There are also 4S stores in different regions of the same brand, and the financial plans are basically the same, but the incentives for naked cars may be different. It's best to ask prices in multiple regions. If you are lucky, you may meet a 4S shop, and you are willing to give a bigger discount if you want to meet the manufacturer's indicators!

Buying a car loan for several years is the most cost-effective.

The specific year, first of all, depends on the monthly affordability.

For example, if you take a fancy to a car with a price of about 65,438+10,000 yuan, take Emgrand GS as an example, and the landing price is 1 10000 yuan. The down payment of 30% is fixed at 40,000 yuan, but the loan amount varies greatly in different years, and the required cost is also different (the following is a rough estimate):

1 and 1 5,900 yuan per month, and the total cost is more than the full car purchase 1852 yuan.

2, 2-year loan, the monthly payment is 3,000 yuan, and the total cost is 3,892 yuan more than the full car purchase.

3, 3-year loan, the monthly payment is 2 100 yuan, and the total cost is 58 12 yuan more than the full car purchase.

4, 4-year loan, monthly payment 1.600 yuan, the total cost is 7756 yuan more than the full car purchase.

5, 5-year loan, monthly payment 1300 yuan, the total cost is 9700 yuan more than the full car purchase.

The law of borrowing money to buy a car

The longer the time, the faster the loan will increase. For example, the difference between a 1 year loan and a 3-year loan, the total price of the 2-year difference loan has almost tripled; The difference between the loan 1 year and the loan for 5 years, and the time difference for 4 years, the total cost has nearly doubled.

It is also easier to understand why most people choose a three-year term, because it is a balanced compromise.

Paying off the car loan in several years is the most cost-effective.

Looking at personal economic ability, the shorter the time, the more cost-effective. The working years of car loan are mostly 1-3 years, and the longest can't exceed 5 years. If the applicant buys a car by installment with a credit card, then the loan working years that can be handled are mostly 12 months, 24 months and 36 months.

How many years does it take to apply for automobile mortgage? It depends on the applicant's repayment ability. In the case that the interest rates of cars and mortgages are basically the same, the shorter the working life of loans, the less loan interest needs to be paid. But at the same time, we should also know that the shorter the loan service life, the greater the monthly repayment amount of the applicant and the greater the repayment pressure. Therefore, the most important thing for automobile mortgage's working years is the applicant's repayment ability. Attachment: Type of auto loan:

1. Personal loan car purchase business includes direct customers, indirect customers and credit card car purchase loans. Most direct customer loans are bank-driven loans that directly satisfy customers, and most indirect customer loans are auto loans from auto finance companies, which are used by auto finance companies to transfer customers.

2. Direct customer bank-driven loans, including down payment, principal and interest, 3% guarantee fee, etc. Moreover, the bank's high-quality customer fees can also be discounted, but the preferential policies of different banks are different.

3. In addition to the above expenses, the car loan of 3.Interway Auto Finance Company also bears the supervision fee, fleet management fee and warranty renewal deposit.

4. There is also a credit card car loan. Credit card installment car loan only provides installment payment for bank credit card users, and not all conditions can be basically handled. There is also a need for an audit procedure, which is difficult for credit card users with bad credit records.