The monthly repayment amount is related to the implementation interest rate and repayment method. According to the current automobile consumption loan, the general annual interest rate is around 10%, the monthly interest rate is 10%/ 12, and the loan is 80,000 yuan. Calculated in three years (36 months) according to the equal principal and interest repayment method (the same monthly repayment amount):

Monthly repayment amount = 80000 *10%/12 * (1+10/2) 36/((1+1)

Total interest = 2581.37 * 36-80000 =12929.32;

At present, the longest period for applying for car loan is no more than 3 years, and the interest of car loan = loan amount × time × interest rate. In general, the car loan interest rate is between 5%- 10%. Of course, if the user has good credit qualification, the bank will reduce the loan interest rate as appropriate, and if the user has overdue risk, the loan interest rate will be higher than himself, depending on the actual situation.

Car loan interest rate refers to the loan interest rate that people use when they borrow money to buy a car. It is the interest rate of a specific automobile loan agreed by the lender and the borrower according to the statutory loan interest rate and the floating collusion range stipulated by the People's Bank of China, and it is stated in the loan contract.