Each bank’s interest rate will be slightly different. Some cars have different down payment ratios. The following only analyzes common cases for reference only. Equal principal and interest method: Loan principal: 80,000 yuan Assumed annual interest rate: 3.200 Loan term: 3 years Monthly repayment amount of principal and interest: 2333.55 yuan Total repayment amount: 84007.8 yuan Total interest payable: 4007.8 yuan. The first month's interest payment is: 213.33; the first month's principal payment is: 2120.22; thereafter, the monthly interest payment amount decreases and the principal payment amount increases. (Interim interest rate adjustments are not taken into account) Interest is calculated based on the loan interest rate. If I give you a formula I can calculate that the annual interest rate on a loan is equal to the loan principal multiplied by the annual interest rate on the loan. For example, if the annual interest rate is 10, then the annual interest rate is 80,000*10=8,000 yuan; the annual interest rate is 8,000 yuan; for 3 years, it is 8,000*3=24,000 yuan.

One million car purchase subsidies