1. How much is the monthly payment for a car worth NT$320,000 with a down payment of NT$150,000?
The monthly payment for a 320,000 car with a down payment of 150,000 yuan is about 4,500 yuan.
The following calculation takes 300,000 as an example
Equal principal and interest method: loan principal: 150,000, assumed annual interest rate: 4.750%, loan term: 3 years: monthly payment due The repayment amount of principal and interest is: 4478.82 yuan. The total repayment amount including principal and interest is: 161,237.52 yuan, and the ***interest payable is: 11,237.52 yuan.
The down payment for a 300,000 car generally requires 30%, which means the down payment is about 90,000 yuan, and the monthly payment generally requires 6,700 yuan. The details are subject to the actual down payment and monthly payment.
After paying the down payment, the remaining car payment will be repaid in installments. Most consumers will choose to repay in 1-3 years. The maximum period does not exceed 5 years. We calculate based on 3 years. Choose With a down payment of 30% and an approved annual interest rate of 5%, the following results can be obtained: Total interest in 3 years: 210,000 x 5% x 3 = 31,500.
The total principal and interest in three years: 213,150 = 241,500, monthly payment: 241,500/36=06,708 = 6,708 yuan. To purchase a car priced at RMB 100,000 in installments, in addition to a down payment of at least 30% of the car price, you also need to pay purchase tax, insurance, registration and other fees. The actual down payment for taking out the car is about RMB 50,000.
2. How much can you borrow for a car worth RMB 150,000?
If the car worth RMB 150,000 is a commercial vehicle, the loan amount cannot exceed 70% of the value of the car, that is, the loan amount is 105,000 yuan. . If the car being loaned is a private car, the loan amount cannot exceed 80% of the car's value, so the maximum loan amount is 120,000 yuan. Loan Tips: Choose a Bank Carefully Currently, bank competition is very fierce. In order to gain more market share, each bank will adjust the loan interest rate in accordance with the loan interest rate range stipulated by the state. Therefore, when seeking a loan, those in need of funds should “shop around” and choose a bank with a low interest rate for a loan. Agreement Many people in need of funds appear to be very casual when signing a bank loan agreement. In fact, this kind of unrestrained behavior shows that they lack good awareness of financing and financial management, and they often pay more interest when borrowing, resulting in artificial "high interest rates." This is because the loan forms of some banks will allow those in need of funds to pay more interest invisibly. For example, lien balance loans and withholding interest loans. The so-called retained deposit balance loan means that when a person in need of funds obtains a loan from a bank, the bank requires the person to retain a portion of the loan principal and deposit it into the bank account to restrict the person in need of funds from being able to repay the principal and interest of the loan as scheduled when it expires. But as far as those in need of funds are concerned, a discount on the loan principal equals an overpayment of interest. The so-called withholding interest loan means that some banks withhold all loan interest from the principal of the loan when the loan is issued, in order to ensure that the loan interest can be repaid on time. Since this method will reduce the loan funds available to those in need of funds, it will objectively increase the financing costs of those in need of funds. Choose the right period. For those who need funds, the time they need to use the funds may be long or short. Therefore, in order to avoid overpaying for interest, you should reasonably plan the length of the loan period when borrowing from a bank. For the same loan, the longer the loan period you choose, the higher the interest rate will be. In other words, the longer the loan period you choose, the interest rates will be different even if you repay the loan on the same day. If the loan term for a person in need of funds is 7 months, although it only exceeds the half-year period by one month, according to the current loan interest calculation regulations, only one-year loan interest rates can be applied, which will virtually increase the number of people in need of funds. Loan interest burden. Microfinance companies generally take 3 to 36 months, while banks take it on an annual basis, from 1 to 3 years. The mortgage type can be done for 10 years. Clarify the difference in the loan operation methods of the banking sector, which mainly include credit, guarantee, mortgage and pledge. Correspondingly, when banks implement loan interest rates, the increase in loan interest rates will also be different. It is also a loan with the same application period and the same amount. If you choose the wrong loan form, you may bear more loan interest expenses and make yourself spend more money in vain. Therefore, it is very important for fund seekers to pay attention to and understand the interest rate spreads under different loan methods when borrowing from banks. For example, the loans with the lowest interest rates offered by banks include bill discounting and bill discounting. If your conditions permit, it is definitely more suitable to make loans through these two forms.
3. How much can you borrow for a car mortgage loan of RMB 150,000?
Go to the bank to apply for a car mortgage loan. The amount of loan you can get is related to the brand, newness and mileage of the car, etc. If the car worth RMB 150,000 is a commercial vehicle, the loan limit cannot exceed 70% of the car's value, that is, the loan limit is RMB 105,000. If the car being loaned is a private car, the loan amount cannot exceed 80% of the car's value, so the maximum loan amount is 120,000 yuan.
Cars themselves are consumables, and banks generally do not do car mortgage loan business. Car mortgage loan business is generally done by private financial institutions.
4. Generally, I buy a car worth about 150,000 yuan. I want to get a loan to buy a car. How much is the down payment?
You can try to calculate it through our bank’s loan calculator. Log in to the official website of China Merchants Bank on the right. Find the "Financial Calculator"-"Personal Loan Calculator" below to calculate. (You can view information such as monthly payment, monthly principal payment, monthly interest payment, principal balance, total interest and total repayment).