With the popularity of automobile consumption, many young white-collar workers who have just entered the workplace also have the demand for car purchase. If you are not "Bai" or "Gao Fushuai", there is still some pressure to buy your own car. Next, Bian Xiao will introduce several auto loan methods for young white-collar workers to see which one suits you.

At present, there are three main ways of car loan suitable for young white-collar workers: car finance company loan, bank direct application for car loan, and credit card installment payment. The following small series will give you a detailed explanation.

1. Bank loan

Bank loan is the most traditional loan method and the most basic one. Bank loans generally need to prepare more detailed materials and provide effective collateral or a guarantee that can be repaid by a third party. Coupled with the cumbersome approval process and high handling fees, it is difficult for many people to successfully apply for bank auto loans. However, the interest rate of bank car loans is low, and people with conditions still prefer bank loans.

2. Auto financing company loans

Auto financing company is a rising service in recent years. It is a service jointly launched by automobile suppliers and financial institutions. Therefore, it is more targeted, humanized and professional. Generally, auto financing companies can only apply for loans if the borrower provides valid residence address, identity certificate and income certificate, and the approval process is relatively fast. Generally speaking, the interest rate of such loans is much higher than that of bank loans, but dealers usually provide consumers with preferential measures to reduce or avoid interest rates, thus promoting sales.

3. Buy a car by installment with a credit card

Compared with car loans from banks and auto financing institutions, there is no interest on car purchases by credit cards. Of course, the so-called zero interest rate will be spent on the handling fee, but for the lower handling fee, it is still a better choice than the other two loan methods. In addition, quick approval is also a major advantage of credit card installment car purchase. In some banks, credit card loans can be approved within 40 minutes at the earliest, and the longest is no more than 3 days. However, there are limited types of cars that can be purchased. Every bank has its own brand and cooperation mode. Only within these ranges can you enjoy credit card installment payment.

Million car purchase subsidy