First, loan to buy a car.

1, low loan interest rate: Take China Construction Bank as an example, its latest auto loan interest rate in 20 16 years, and the aggregate interest rates in 1, 2/3 years are 4%, 8% and 12% respectively. I want to buy a car with a price of 200,000 yuan, with a down payment of 654.38 million yuan and the remaining 654.38 million yuan paid off in two years. Finally, the consumer actually paid 208,000 yuan.

2. The threshold is high, the procedures are cumbersome, and the lending time is long.

When a car buyer applies for a car loan, the bank often asks the car buyer to provide a series of proof materials: ID card, work certificate, bank flow in the past year, social security certificate for more than two years (inclusive), real estate license or house sales contract or purchase invoice, etc. Third-party guarantee and pledge are also needed.

3. Car loans will occupy credit lines, but now the credit lines approved by banks are relatively limited, and even the previously hot mortgages are now compressed by many banks; On the other hand, the procedures of traditional car loan business are more complicated, and the interest rate is also relatively high, which is unattractive.

Second, buy a car with a credit card.

1, the application threshold is low.

As long as the car buyer has a credit card that can handle car loans, the procedures for handling credit cards are relatively simple, and there is no need to provide corresponding property guarantees, thus eliminating the cumbersome procedures such as intermediary notarization and the burden of extra expenses for consumers.

Different automobile 4S shops need to submit different materials. For example, a 4S shop: "It will take nearly half a year's salary, open a mobile banking, and fill out some relevant forms." Another 4S store said that it is enough to provide salary cards and social security cards. If it is a customer group of civil servants, state-owned enterprises and institutions, the efficiency of loan approval will be higher.

2. Repayment is convenient and interest-free. Just pay back at the designated credit card.

3. The vehicle type and quota are limited, and there is a handling fee, so it is necessary to purchase designated auto insurance.

Bank credit cards generally have cooperative car brands, so the choice of models is limited. In addition, the credit card of installment car purchase business has a limit, depending on the credit qualification recognized by the bank.

The monthly subsidy of manufacturers is different, and the handling rate of different models of the same brand is different. In addition, the interest rates of credit card installment loans may be different in different 4S stores of the same automobile brand.

Although there is no interest on credit card installment, there is an installment fee, which is different for each bank. Generally, the 12 stage is between 3% and 5%, and the 24 stages (two years) are between 4% and 7%. Moreover, in order to ensure the safety of bank funds, car buyers also need to purchase designated auto insurance according to regulations. When the amount of insurance compensation is not higher than 5000 yuan (some banks can reach 10000 yuan), there is no need for bank authorization when going out of danger.

Extended data:

Car loan traps need to be cautious.

Buying a car with a loan is nothing new. This "enjoy first, pay later" way is very common in the whole automobile market. A number of banks cooperate with 4S stores of various brands of cars to launch "zero interest rate" car purchase services from time to time.

Zero-interest loans, agency insurance and licenses ... these seemingly cost-effective concessions often attach more conditions and costs than the actual car loan.

At present, there are two main preferential ways to buy a car by credit card: first, banks cooperate with car dealers to provide "zero interest and zero handling fee" for some models. Compared with buying a car in full, consumers don't need to pay any more costs; Second, for some models, it is "zero interest and low handling fee", and consumers have to pay a certain installment fee.

"Interest-free" does not mean "free". The interest on a "zero-interest loan" is paid by the automobile manufacturer or dealer. On the surface, consumers get preferential treatment. After careful calculation, we often find that the so-called interest-free loans are not free, and the cost is still passed on to consumers.

For example, bank credit card installment loan, although there is no interest on monthly payment, consumers need to pay a handling fee when handling installment payment business. However, this handling fee is very mysterious, including not only the interest on car loans, but also the profit of dealers in mortgage business.

Moreover, when consumers participate in "interest-free" activities, most of the models they buy can only be paid according to the manufacturer's guidance price, and they can no longer enjoy the preferential price of new cars. Even the interest-free quota of some models may not be as good as the preferential price of the car.

In car loans, we often encounter the problem of compulsory sales of auto insurance. He also said that it is necessary to pay attention to whether there is a "overlord clause" in the contract, especially whether the payment method and warranty period are in line with industry practices.

References:

People's Daily Online-The traditional car loans of banks are gradually retreating, and credit cards are difficult to stage.

References:

People's Daily Online-Credit card installment payment is more popular (reporter's observation)