Insiders reminded that different loan purchase channels have their own advantages and disadvantages, and consumers should compare the differences in capital costs when choosing. The reporter learned in an interview yesterday that the traditional car loan is gradually "retreating", and even some banks have completely replaced this business with credit card installment car loan.
Yesterday, the staff of the personal loan department of a bank revealed to this newspaper, "At present, our bank has completely stopped issuing traditional car loans. As far as I know, although some banks are still doing this business, they no longer lend directly to individual customers, but mainly through the introduction of guarantee companies. "
"We are now pushing loans from auto finance companies, and credit card loans are also part of it. The proportion of traditional car loans is particularly small. The latter two add up to less than 20% of the total business volume. " Mr. Li, assistant general manager of a brand car sales and service company in Changchun, said. Yesterday, the reporter learned that at present, car buyers can solve the demand for car purchase funds through several channels, including auto finance company loans and credit card installment loans, while traditional car loans are far less concerned than the first two.
As the insiders say, the traditional car loan business of banks is gradually fading out of the market. And credit card installment car purchase has become one of the main businesses of banks.
According to Du Zhengbo, senior account manager of the Credit Card Center of a bank in Jilin Branch, there are two main ways to take the credit card installment car purchase business of the bank as an example. 1. Some models of cooperation between banks and automobile manufacturers can be purchased with zero interest and zero handling fee, which does not need to pay any capital cost compared with the full car purchase, while some models can be purchased with zero interest and low handling fee. The other is to pay a certain vehicle installment fee without the cooperation between the above banks and automobile manufacturers.
Buying a car by installment with a credit card is essentially a credit loan. Compared with the traditional automobile mortgage commercial loan, it requires higher qualifications for borrowers. As far as the binding force of loans is concerned, the legal binding force of card installment on customers and car dealers is beneficial to banks. Moreover, the development of card installment business in the banking industry can increase the issuance of bank cards and promote the income of intermediary business of banks. Banking industry insiders said that from the perspective of bank coverage, although traditional auto loans gradually fade out of the market, they will not completely disappear in the short term.
From the perspective of capital cost, there are great differences between different brands and different models in obtaining loans through auto financing companies. The loan interest rate of some manufacturers' subsidized models is low, and the loan interest rate of some non-subsidized models is 30%-50% higher than the benchmark interest rate.
Take the same three-year loan of 654.38 million yuan as an example. At present, the benchmark interest rate of the bank's three-year commercial loan is 6. 15%. If the repayment method of equal principal and interest is adopted, the interest payable is 9763.82 yuan. If credit card installment business is adopted, the bank charges 13200 yuan, which is higher than the former. However, if the former is added with a guarantee fee of about 3% of the loan amount, the total cost is 12763.82 yuan. In addition, because the nature of commercial loans obtained by car mortgage is different from that of credit, generally speaking, according to the requirements of banks, the former requires borrowers to cover all risks for cars during the loan period, while the latter has no rigid requirements in this respect, and the insurance fees paid by car buyers are also very different.
"Different channels have corresponding advantages and disadvantages. When choosing a car, car buyers should pay more attention to the corresponding capital cost and choose the channel that suits them best. " Insiders reminded that customers who need loans to buy cars should consult dealers more. In addition to the channels recommended by dealers, ask if there are any more favorable ways and pay attention to the details of the capital cost of car purchase. There are a lot of economic accounts to calculate.
Million car purchase subsidy