What should I do if my car loan is defrauded and the interest rate is too high?
1. Negotiation
Generally, when applying for a car loan, everyone’s interest rate is different. The interest rate of the car loan will be affected by the lender’s credit report, loan platform, loan period, etc. changes due to factors. No matter how the interest changes, it cannot exceed the annual interest rate stipulated by the state of 24%.
If the annual interest rate of the car loan is between 24% and 36%, the debtor can negotiate with the lending bank or institution and only repay the interest that has an annual interest rate below 24%, and the excess will not be repaid. .
2. Court prosecution
The debtor can call the bank and cooperative institution where the loan was taken out at the time to inquire about the principal, term, monthly payment and daily interest of his loan.
After calculation, if the annual interest rate is above 36%, you can report and complain to the court with the loan contract. Our country's law stipulates a maximum interest rate limit for loans. The maximum interest rate must not exceed four times the loan interest rate of similar banks. Exceeding interest rates are not protected.
What are the tricks of car loans?
1. Handling fees, service fees, etc.
Many 4S stores will use slogans such as "interest-free, zero interest rate" when selling vehicles, waiting for everyone to buy a car. At that time, it seemed that this was indeed the case, but in fact they only included the loan interest in various expenses such as service fees and handling fees.
For example:
Ms. Zhou bought a car with a loan of RMB 100,000, divided into 36 interest-free installments. Normally, the monthly repayment should be RMB 2,777. The 4S store needs to charge a monthly handling fee of 360 yuan, so it is calculated according to the equal principal and interest method: (principal 100,000 yuan/36) + handling fee 360 ??yuan = 3137.78 yuan, the real annual interest rate reaches 8.09%.< /p>
2. Forced binding of consumption
I believe that friends who have bought a car should have similar experiences. When buying a car, there will be listed mortgage, insurance, For items such as GPS that are mandatory to be consumed in the store, the fees for these items are generally slightly higher than those purchased elsewhere, thus achieving the purpose of the 4S store gaining profits.