The calculation formula of interest when buying a car is: loan interest = principal × interest rate × term. Based on the current common annual interest rate of 5. 15%, the car price100000 yuan, and the interest after three years of loan 15450 yuan. The loan interest rate varies according to the length of the loan period. Generally speaking, the longest term of car loan is 5 years. If the loan period is within 1 year (including 1 year), the annual interest rate of the loan is 4.35%; The loan period is between 1 and 5 years, and the interest rate is 4.

Second, how to calculate the interest rate of buying a car?

The calculation formula of interest when buying a car is: loan interest = principal × interest rate × term. Based on the current common annual interest rate of 5. 15%, the car price100000 yuan, and the interest after three years of loan 15450 yuan. The loan interest rate varies according to the length of the loan period. Generally speaking, the longest term of car loan is 5 years.

If the loan period is within 1 year (including 1 year), the annual interest rate of the loan is 4.35%; If the loan term is between 1 and 5 years, the interest rate is 4.75%.

Third, how to calculate the car loan interest rate?

How to calculate the car loan interest and monthly repayment? The car loan interest is different according to the car loan method you choose, and the loan interest of different banks is also different. I'll tell you how to calculate the car loan interest rate.

Calculation method of automobile loan interest rate

1. Calculation of equal principal and interest loans

Monthly repayment amount (monthly principal and interest) = [loan principal x monthly interest rate x (1 monthly interest rate) repayment months ]/[( 1 monthly interest rate) repayment months-1]

This formula uses compound interest method to calculate interest, that is, both principal and interest will generate interest-"rolling interest". Compared with the calculation of average capital, the interest paid is more, and the interest in the initial repayment period accounts for most of the monthly payment. The proportion of the principal in the contribution is gradually returned with the increase of the principal, but the monthly repayment amount is fixed. It is more suitable for borrowers with low current income, stable or increased expected income, or people with clear budget and stable income. Young people in general, especially those who have just joined the work, are also suitable to choose this method to avoid the excessive pressure of payment in the initial stage.

2. Calculation of average capital loan

Monthly repayment amount (monthly principal and interest) = (loan principal/repayment months) (principal-accumulated amount of repaid principal) x monthly interest rate.

The average capital method divides the loan amount during the repayment period into equal parts, and repays the same amount of principal and the interest generated by the remaining loans in that month every month, so that the monthly repayment principal is fixed and the interest is less and less, and the lender is under great repayment pressure at first, but as time goes on, the monthly repayment amount is less and less.

Calculation method of repayment interest of one-time automobile loan

Buying a car with a loan is a way that most car buyers will choose at present. In order to save interest, many friends want to pay off the car loan in advance after applying for it. But what about the interest after paying off the car loan in advance? This is what many friends want to know.

During the repayment period of car loan, the borrower can apply to the lending institution to pay off the loan in advance, but it needs to inform the lending institution in advance, and many banks require to apply one month in advance.

As for the calculation method of paying off the interest of the car loan in advance, it is based on the total amount of the first loan and calculated according to the interest rate of the same period when the loan contract is signed. If the interest rate changes during the repayment period, such as cutting interest rates some time ago, the interest rate will be adjusted accordingly and fixed for one year. Pay off the car loan in advance and no interest will be charged after the next month.

For example, if a three-year car loan is 654.38+10,000 yuan, the interest rate will rise by 20%(6%× 1.2=7.2%), and the principal and interest will be repaid in full after one year, then the previous repayment will be 37 162.32 yuan, and the interest will not be calculated, only the interest will be repaid.

What we can know is that paying off the car loan in one lump sum in advance can really save the interest on the car loan, but we should also consider whether we have a good investment and financial management channel. If the income from investment and financial management is higher than the interest on car loans, it may be better to spend money on financial management.

Suggestions on auto loan

Since 20 10,11June, the central bank has repeatedly adjusted the deposit reserve ratio, which has led to the tightening of the bank's monetary policy. At present, the channel pattern of car loans is undergoing significant changes: due to the direct relationship with financial policies, many banks have suspended or suspended the issuance of car loans, and the credit card installment car loan market has been affected to some extent. In contrast, the auto loan business of auto finance companies is not affected by this. Although banks were the first to set foot in the car loan business, with the popularity of credit cards, more and more car loans are made through credit cards. With the increasingly mature trend of China auto market, auto finance companies from abroad are influencing more and more consumers by virtue of their close relationship with auto brands. Therefore, China's auto credit market channels show a trend of "three points in the world".

First, auto financing companies-flexible and low threshold.

Second, credit card installment-minimum repayment amount

Third, bank car loans-covering a wide range of models.

Fourth, how to calculate the interest on car loans?

The car loan is 50,000 yuan, and the longest term is 3 years. The loan interest rate is generally 4.95‰ per month, and the principal and interest are repaid every month. The monthly repayment is about 1550. I hope the answer will satisfy you.