Yes, specifically, if you buy a car by credit card today, the repayment by credit card installment is high. But the use of credit card gold, "zero" down payment, early arrival of car life. However, consumers should be cautious when choosing to buy a car with a credit card. If the repayment amount exceeds their repayment ability, then the heavy financial burden will make you breathless.

Second, can I use a credit card to pay the down payment for a car loan? Why can I?

Yes, you can.

At present, there are two credit card purchase modes:

Pay in full by credit card first, and then apply to the bank for bill installment. The premise is: your credit card is enough to pay for the car. Second, most car dealers support buying a car by credit card, but the difference is that the banks that specify cooperation by stages are different, so you must ask the merchants clearly before buying. Can you buy a car by stages with this bank credit card in your hand? The credit card installment car purchase method has the advantages of convenient application process, low threshold and lowest handling fee, but the choice of car loan method should be based on your own situation.

For example, if you take a fancy to a car with suitable performance and style, and the car price is 6.5438+10,000 yuan, then after applying for credit card installment and paying 30% of the car down payment, you will get a loan of 70,000 yuan within three years, and you will have to pay back the interest of about 8,400 yuan.

However, if the 70,000-yuan credit card installment fund is put in the bank or invested, at the current interest rate level, even if it is calculated regularly for three years, there will be interest of about 8,900 yuan at maturity. The difference between the two is nothing more than that credit cards need to pay interest first and repay monthly. Therefore, after careful calculation, it is not uneconomical to buy a car by credit card in installments.

3. Can a credit card be used as a down payment for buying a car?

Yes, please consult the issuing bank for details.

Buying a car by credit card is really common today, but according to the repayment data, the handling fee of credit card installment repayment is higher than the loan interest. But if you buy a car with a credit card, you can enjoy "zero" cash, "zero" down payment, and have a car life in advance. However, consumers should be cautious when choosing to buy a car with a credit card. If the repayment amount exceeds their repayment ability, then the heavy financial burden will make you breathless.