According to the current ways of car installment loans in the market, there are bank mortgage loans, auto financing institution loans and credit card installment payments. The term is generally 1 year, 2 years, 30 months, 3 years, 4 years, 5 years, and the longest is no more than 5 years. Car buyers can reasonably determine the time limit according to their own financial situation.

The term of car loan mainly depends on the following points:

1, repayment pressure. If there is no money at hand now and the repayment pressure is high every month, then the time can be appropriately extended;

2. The value of the vehicle depends on whether the purchased vehicle belongs to the brand of relative value preservation. If it is a domestic brand, it will take 3 years. Imported cars and joint venture cars generally depend on personal needs. If the price is higher, the time limit can be extended a little;

3, car loan interest rate, because there are several different ways to apply for car loans, the corresponding interest and handling fees are also different, and the term can be determined after comparison.

Bank car loan interest is generally within 5% to 9%, and the specific interest depends on the regulations of various banks; If you apply for a car loan in some financial companies, the interest at this level may be higher. It is not excluded that some car companies subsidize the above interest.