The so-called loan discount means that when consumers buy a car, they can borrow money from the bank, and the guarantee company provides guarantee to bear the full loan interest for consumers.

In this way, consumers are equivalent to borrowing money to buy a car, which can save about 7% of the total car price compared with normal loans.

The discount amount actually paid is the difference between the bill amount and the discount interest payable, that is, the amount actually obtained after discount.

Second, how to calculate the interest on car loans?

What brand of car did you buy? Generally speaking, the principal and interest of bank loans are paid separately every month, but the car installment of financial companies usually pays off all the interest in the first month, and then only needs to pay back the principal in the rest of the time. If the loan is repaid in advance, generally speaking, this interest is also non-refundable.

This is the difference between auto financing companies and bank car loans. And according to your amount, the interest is very high. Your loan amount is not high either. You can ask the guarantee company. If your personal qualifications are good, you should be able to save some interest, or you can repay in advance to reduce the interest burden.

3. What is the discount for buying a car with a loan?

Discount refers to the state subsidizing the loans of a certain industry in order to support it. This kind of loan is called loan discount.

Because the car loan interest rate of auto financing companies is relatively high, there are many ways to apply for car loans now. In order to attract applicants, auto financing companies will have some preferential activities for car loans, such as car loan concessions.

The usual zero interest rate is because there are auto financing companies to discount interest. Applicants don't have to pay the car loan interest rate, just pay the formalities. 4S stores may have some conditions, such as non-negotiable car prices, charging financial service fees and so on.

Or when buying a car, the bank's credit card loan can reduce interest, but this is only a means of promotion for individual banks, not all banks have it.

Extended data:

Deposit discount:

It is the negative deposit interest deducted according to the discount rate. It is not accurate to say that the discount is deducted, but only "discount is deducted". Discounting is an act of converting forward currency into cash.

For example, if you have an acceptance bill or time deposit certificate due in three months, you need cash now, and you can change it into cash, but the acceptor loses interest for three months.

Then deduct the interest loss from your cash. Then, the negative deposit interest you pay is the negative interest you need to bear when discounting, which is equivalent to "loan interest".

It's just that there is no concept of "loan" in interpersonal communication, so I express it as "negative deposit interest", which is the so-called "discount interest".

In the popular folk, discount is considered to be the return of interest earned by bank deposits outside the interest rate standard stipulated by the state. This extra reward is borne by the bank outlets themselves, and generally requires a large deposit and a fixed deposit.