At present, there are two ways to calculate auto loans: equal principal and interest repayment and equal principal repayment. The calculation formula of monthly payment is: a = p {i (1i) n/[(1i) n-1]}. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at special dealers.
1. How to calculate the automobile mortgage:
At present, there are two ways to calculate the monthly payment of car loan: one is the formula method, and the other is the car loan calculator method.
There are two common repayment methods for auto loans: equal principal and interest repayment and equal principal repayment.
2. Car mortgage formula:
The formula for calculating the monthly repayment amount of the matching principal and interest repayment method is: monthly repayment amount = [monthly interest rate of loan principal ×( 1 interest rate) repayment month ]( 1 interest rate) repayment month-1.
The calculation formula of monthly repayment amount in the average fund repayment method is: monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.
The actual interest rate of car loan is determined by the handling bank according to the actual situation of customers and with reference to the benchmark loan interest rate stipulated by the central bank. Under normal circumstances, customers with excellent conditions can enjoy the benchmark interest rate or float down about 10%, while ordinary customers need to float up about 10%. Monthly payment formula: a = p {i (1i) n/[(1i) n-1]}
A: Monthly donations.
P: total donations
I. Monthly interest rate (annual interest rate/12)
N: Total months of payment (12 years)
Second, how is the car loan calculated?
I know that Yixin Bang is calculated according to the model, brand and age of the car, and each car will have different results, mainly depending on what your car looks like.
Third, how to calculate the interest on car loans?
To calculate the annual interest rate of car loan, you can use this formula: car loan annual interest rate = car loan principal × car loan annual interest rate.
How to calculate the annual interest rate of general car loans, both of which are stated in the car loan contract. For example, the car loan principal 10, and the annual interest rate is equal to the car loan principal × car loan annual interest rate = 65438+ 10,000 yuan× 8% = 8,000 yuan.
Extended information:
Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Car buyers who buy cars at their special dealers provide RMB burden.
The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
Matters needing attention in auto loan are as follows:
1. After enjoying the "zero interest-free loan" from the merchant, you can still
2. The car loan fee in the market a few days ago was in the range of 4%~7.5%. Is interest increase exempted?
3. The car purchase interest rate is charged according to the bank's benchmark interest rate, and the interest fluctuates in the bank.
When you get a car loan, the most important thing is to shop around. Consumers should choose to have certain qualifications and strength, only services and charging standards, and
Factors that generate interest:
1. delayed consumption. Lenders lend money, which is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer present goods to future goods, so there will be positive interest rates in the free market.
2. Expected inflation. Inflation will occur in most economies, representing a certain amount of money. The borrower needs to compensate the lender for the losses during this period.
3. Lenders can choose to invest their funds in other investments instead of playing the role of date. Borrowing money is equivalent to giving up the possible return on other investments. Borrowers need to compete with other investments for this fund.
4. Investment risk, the borrower faces bankruptcy at any time, and the lender needs to charge extra fees to ensure that compensation can still be obtained under these circumstances.
5. Liquidity preference, people prefer that their funds can be traded immediately, rather than spending time or money to get them back. Interest rate is also a kind of compensation for this.
4.202 1 How to calculate the car loan?
According to the annual interest rate of 4%, the annual interest of 50,000 yuan is: 50,000 x 4% = 2000 yuan.
Three-year interest ***50000x4%x3=6000 yuan.