Everything in 10W's car loan will be paid 53% (excluding deposit) -60% (including deposit). The deposit will be refunded after the loan festival or paid in the last few months. The monthly payment depends on the interest rate and your repayment method. On average, it is: loan amount/loan months (1944.4444)+ loan amount * interest rate/

Extended data

Car installment payment means that users are divided into several installments and pay in monthly installments. Installment payment is a hot spot in the current automobile market. In the current market environment where car fans gather, installment payment is regarded by many businesses as an effective means to seize market share.

Advantages of installment payment

Long payment term, many choices

Some time ago, the staged car sales activities launched by merchants generally required the balance to be paid within two years. Some merchants extend the payment period to 40 months, and the monthly payment is greatly reduced, and the monthly payment is only a few hundred yuan, which is more attractive to consumers. At the same time, the down payment has also been appropriately reduced. Changan Automobile, which is engaged in ordnance auto trade, has a down payment of only 3,000 yuan, so it can drive home with the money of a mid-range color TV.

Businessmen are very enthusiastic.

In the current market environment where car fans gather, installment payment is regarded by many businesses as an effective means to seize market share.

Payment form

There are various forms of installment payment in the automobile industry, and there are three main types:

(1) bank consumption loan law;

2. Loan methods of finance companies of automobile manufacturers;

(3) Financial leasing mode, the market is mainly operated by "Kaiyuan Automobile" brand chain.

Refer to Baidu Encyclopedia-Buying a Car by Installment