Can I pay for car purchases in installments at a 4S store?

Instalment payment can be processed at 4S stores. 4S stores have their own financial services companies. In addition, there are the following loan methods:

1. The insurance company provides performance guarantee insurance to handle car loans;

2 , A professional guarantee company provides a joint liability guarantee to handle car loans;

3. The car buyer provides real estate mortgage guarantee to handle the car loan;

4. The car buyer provides fixed-term loans in local and foreign currencies Deposit certificates, treasury bonds, and RMB wealth management assets are pledged to apply for car loans;

5. The borrower must provide other bank-approved guarantees (such as car dealer guarantees) to apply for car loans.

Extended information:

Conditions for applying for car purchase installment payment from the bank:

1. The car buyer must be over 18 years old and have full capacity for civil conduct. of Chinese citizens.

2. Car buyers must have a relatively stable career and relatively stable economic income or have assets that are easily liquidated, so that they can repay the loan principal and interest on schedule. The easily liquidated assets here generally refer to securities, gold and silver products, etc.

3. During the loan application period, the car buyer deposits a down payment for the car that is lower than the bank's regulations into the account of the handling bank's savings counter.

4. Provide the bank with a guarantee recognized by the bank. If the car buyer's personal account is not local, a joint liability guarantee should also be provided. The bank will not accept the mortgage set by the car buyer for the vehicle purchased with a loan.

5. The car buyer is willing to accept other conditions deemed necessary by the bank. Can I apply for a car loan at a 4S store?

Can I apply for a car loan at a 4S store? Yes, but there are some precautions. First, make it clear how easy it is to apply for. Since you want a loan, a financial institution must be stationed in a 4S store to do this business. Currently, there are generally three cooperation methods for loan business: (1) 4S store--auto finance company; (2) 4S store--bank (credit card); (3) 4S store--private guarantee company--bank. Comprehensive comparison, bank car loan interest rates are the lowest, and car finance companies are slightly higher. In terms of application difficulty, car loans from banks are the most troublesome, while car finance companies have the lowest threshold, and credit card installments are somewhere in between. Next are the fees beyond the loan. Take applying for a loan through a guarantee company as an example. The bank's income is interest, and financial service fees become the source of profit for private guarantee companies. The guarantee company signs a cooperation agreement with the 4S store to guarantee customer loans and completes a series of loan procedures with the bank. For example: for a car priced at 100,000 yuan, the financial service fee is generally about 3,000 yuan. If you take a loan, the down payment is 30,000 yuan, and the loan is 70,000 yuan, which can be paid off in three years. Based on the bank's interest rate of 6.4%, the interest you need to pay is 4,480 yuan. Therefore, even if the dealer needs to bear more than 1,000 yuan in interest for promotion, the existence of financial service fees can basically ensure that the 4S store does not lose money and even makes a profit. Finally, "interest-free" in a 4S store does not mean "free". For example, for bank credit card installment payment, although there is no interest in the monthly payment, consumers are required to pay a handling fee when handling the installment payment business. If consumers participate in the "interest-free" activity, most of the models they purchase can only pay according to the manufacturer's guide price, and they can no longer enjoy the preferential prices of new cars. The interest-free amount of some models may even be less than the discount on the car price. What should I do if the 4S shop repairs the car and has no money to pick it up? Can I get a loan at a 4S store?

No

4S stores generally cannot apply for loans. The main business of a 4S store is the sales, repair and maintenance of vehicles, and they are not qualified for loans. Therefore, lenders generally apply for car loans from commercial banks or automobile manufacturer finance, and will not have a loan relationship with a 4S store.