The minimum down payment has been reduced to 20%. Now many banks have reached cooperation with automobile brands, including automobile price concessions, handling fee concessions, special bonus points and exquisite gifts. The minimum down payment of bank loans can be reduced to 20%, with low interest rate and long repayment period, which is the choice of most prospective partners. However, the cooperation between banks and automobile brands limits the brands and models.
2. Credit card installment:
Interest-free does not mean that there is no handling fee. Another way is to pay by credit card installment. Its advantages are quickness, simplicity and low threshold. Moreover, many credit card products basically have an interest-free period, and car buyers will repay their monthly bills in full and on time without paying interest. However, it should be reminded that the interest-free period and the handling fee are two different charging items. When handling the installment, although the bank does not charge interest, it will charge the necessary handling fee. According to the number of bill periods, the interest rates and payment methods of banks are basically different.
3. Auto financing companies:
Some of them will charge a loan fee. Moreover, many auto brands basically have their own auto financing companies. Their advantage is that they don't need any guarantee from mortgage buyers, but only need a fixed occupation and residence, stable income and repayment ability, and good personal credit. The loan amount is basically the same as that of the bank, and the procedures are relatively simple and the approval speed is fast. The loan ratio of most auto financing companies is 3%, and the interest rate is between 0.5% and 0.65%. At the same time, some auto financing companies still need to charge loan fees ranging from 1000 yuan to 2,500 yuan. Attachment: Disadvantages of auto loan:
1. The loan application is quite troublesome. (Loans must provide their own ID cards, household registration books, personal income, bad credit records, and some also need to provide their own real estate licenses. )
It takes a long time to apply for a loan
3, the loan can not be given to you for free, it needs a little interest to choose the loan to you. So you definitely need the loan interest on these car loans. You also need to buy insurance for loans, etc.
Million car purchase subsidy