The down payment ratio of used cars is between 20% and 50%. There are two main ways of second-hand car loans, one is bank loans, the other is auto finance loans, and the down payment ratio of loans is generally between 20% and 50%. Most banks require a down payment of at least 40%, while other lending institutions will control the down payment ratio between 30% and 40%. Usually it will be paid off in 2-5 years. Monthly repayment depends on how much you borrow, and you can use real estate as a guarantee. First of all, it is necessary to know whether the beneficiary of car installment payment is a bank or a financial institution, because many banks now have a higher threshold for car loan, and more financial companies, especially those in the same department as car manufacturers, have begun to handle convenient loan procedures for customers. Secondly, the requirements for car buyers: generally, the wage income is normal, preferably provident fund, real estate (with property rights) or married. Of course, if you have other written documents that can prove the strength of your paid loan, that's fine. When handling a second-hand car loan, you need to fill out a personal loan application form, and bring your ID card, income certificate, second-hand car purchase agreement, basic family information and documents required for the loan to a bank or financial institution to handle the second-hand car loan business. When handling vehicle loans, you need to purchase vehicles correctly according to your own situation, so as not to bring too much economic burden to yourself.
How much is the installment down payment for used cars?
Different loan platforms require different proportions, generally between 30% and 50%. Take Heng Chang Good Car Platform as an example, they offer zero down payment, 30%, 40% and 50%. If you borrow 65438+ 10,000 yuan, the down payment is 30% 30,000 yuan, and the loan amount is 70,000 yuan, which will be repaid in three years.
How to calculate the down payment for used cars?
Relatively speaking, the procedure of second-hand car loan is very simple. With a down payment of 50%, the car can be transferred, then the car can be mortgaged, and then the loan can wait.
Since it is a down payment, the loan will generate a certain interest rate. Compared with the bank's new car loan, the interest rate of second-hand car loan is higher, but the approval speed of second-hand car loan will be faster.
The interest rate formula of second-hand car loan is: monthly loan × upper limit of loan term = total interest. It is worth mentioning that some banks have stopped second-hand car loans, so we can find a professional second-hand car credit company, which is the first choice for consumers to borrow second-hand cars.
When buying a used car, it is best not to choose a loan. For tens of thousands of dollars of used cars, it is more cost-effective. For some high-priced used cars, consumers can choose the loan amount and loan period according to their own economic situation. Usually the loan term is about 2-3 years.
The first thing to pay attention to when buying a used car is the brand of the platform. Choose a reliable second-hand car sales platform. In addition, it is also important to buy used cars with good after-sales protection.
How much is the down payment of 200,000 used cars and how much is the monthly payment?
The down payment for a car of about 200,000 is about 40,000-60,000. If the loan is for one year, the monthly payment will be about 10 thousand. If the loan is for two years, the monthly payment is about 6000 yuan. If the loan is for three years, the monthly payment is about 4000 yuan. The monthly repayment amount depends on the loan time.
How to calculate the full down payment of used car 6000?
Second-hand car down payment 6000 yuan, full payment = down payment loan. If you need a loan, you need to determine the loan amount first. For example, if the loan amount is 200,000 yuan, then the full amount = 6,000,200 yuan = 200,600 yuan. In addition, if no loan is needed, the full amount can be directly determined. For example, if the car price is 300,000, then the full amount = 600,030,000 = 300,600. In short, how to calculate the full amount of a down payment of 6000 for a used car depends on the loan situation and the car price, and the full amount = down payment loan or car price.
How much is the down payment for buying a used car of 20,000 to 30,000 by installment?
A car of about 30 thousand, with a down payment of 9 thousand.
According to the provisions in the Measures for the Administration of Automobile Loans, the loan amount of the lender shall not exceed 80% of the price of the car purchased by the borrower; The amount of second-hand car loan shall not exceed 70% of the price of the car purchased by the borrower, that is, the minimum down payment for buying a new car and a second-hand car is 20% and 30% of the price of the car purchased respectively.
At present, there are two main ways of handcart loan, one is ordinary bank loan, and the other is auto finance company loan. Both have their own advantages and disadvantages, and the down payment of used car loans is not uniform.
The down payment of auto financing companies is generally low, generally 20% can be settled, and even some loans have down payment of 0. Of course, there are many risks, and the pressure of repayment will increase a lot. The process for auto financing companies to apply for second-hand car loans is also very simple, and the handling is relatively loose, as long as they show their ID cards, household registration or permanent residence certificates issued by the property, real estate licenses, monthly income certificates, etc.
This is the end of the introduction about the down payment of used car loans and the down payment of used car loans. I wonder if you have found the information you need?