Calculation method of down payment for automobile loan
Car dealers generally use the monthly repayment method of equal principal and interest, and the calculation formula is: monthly repayment amount = loan principal × monthly interest rate loan principal× monthly interest rate /( 1 interest rate) total repayment periods-1.
Car price down payment = cash purchase 0%).
Total down payment = down payment insurance license fee.
Loan amount = cash purchase price-down payment.
Other things to note are:
(1) Bank loan
(2) Cars are different from other commodities, and they still need to be insured, and they need seven cars after applying for licensing and vehicle inspection.
(3) Buying a car with a loan requires local household registration, real estate and third-party guarantee.
(4) The loan car price is generally the model guide price.
Second, I plan to borrow money to buy a car. How to calculate the purchase tax and insurance?
1. The car loan fee does not include purchase tax and insurance.
2. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at special dealers. Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit record and must meet the requirements of financial institutions before they can apply for a loan to buy a car.
3. Basic knowledge of loan car purchase: 1) Total down payment = necessary commercial insurance for down payment. 2) purchase tax = purchase price /( 1 17%)× purchase tax rate (10%). 3) Licensing fee: Generally, the one-stop service fee provided by merchants is about 500 yuan, and the personal handling fee is about 373 yuan, including industrial and commercial verification 150 yuan, mobile license 30 yuan, environmental protection license 3 yuan, extension fee 40 yuan, driving license photo 20 yuan and pallet 130 yuan. 4) Vehicle and vessel use tax: unified in different provinces. Take Beijing as an example, there are 9 or less buses in 480 yuan and 9 or more buses in 540 yuan. 5) Compulsory traffic insurance: 6 or less families in 950 yuan, 6 or more families 1 100 Yuan. 6) Total term insurance: The average discount of insurance companies is 77%.
Third, how to calculate the down payment for a loan to buy a car?
According to the different models of car dealers, there are also different banks cooperating with car dealers. Now most 4s provide interest-free loans, so you can go to 4s for consultation.
For example, 30% down payment is enough for Volvo 60, and two or three years of interest-free loans are optional.
For Volvo xc90, the loan depends on your credit rating, ranging from 20W to 40W, interest-free for three years, and the handling fee is about 3000 yuan.
Of course, you can also choose some comprehensive marketing stores, many of which have zero down payment and slightly higher interest.
Fourth, how to calculate the down payment for a loan to buy a car?
Calculation method of down payment for automobile loan
Car dealers generally use the monthly repayment method of equal principal and interest, and the calculation formula is: monthly repayment amount = loan principal × monthly interest rate loan principal× monthly interest rate /( 1 interest rate) total repayment periods-1.
Car price down payment = cash purchase price × (down payment ratio is 30%-80%).
Total down payment = down payment insurance license fee.
Loan amount = cash purchase price-down payment.
Other things to note are:
(1) It is generally impossible to pick up a car on the spot with a bank loan.
(2) Unlike other commodities, automobiles still need to go through insurance, license issuance, vehicle inspection, license registration and other procedures, usually within 7 working days after the application is filed.
(3) Buying a car with a loan requires local household registration, real estate and third-party guarantee.
(4) The loan car price is generally the model guide price.