With the improvement of living conditions, many young people will choose to buy a car after their wages reach a certain level, and buying a car with a loan can not only enjoy the convenience of using a car immediately, but also alleviate the economic pressure to the greatest extent. Not long ago, a friend consulted. This friend is going to buy a car and asks, "How much is the monthly loan for 300,000 cars?" Let's answer!

How much is the monthly loan for 300,000 cars in March?

First of all, we should understand that the repayment methods of auto loans are more flexible and changeable, and different repayment methods will lead to different interests. The most common and frequent repayment method of banks is "equal repayment". During the loan period, the repayment amount of each installment is the same, and the monthly repayment method is fixed.

Give a few examples:

1, Mercedes-Benz GLC, official bare car price 1 ten thousand yuan. In Shanghai, if the monthly payment is 36 (three years), the monthly repayment is 769 1 yuan.

2. Volkswagen CC, the official bare car price is 10,000 yuan. In Shanghai, if the monthly payment is 36 (three years), the monthly repayment is 7383 yuan.

In the case that the default repayment method is equal repayment, the interest rate of car loan in each city is different, and if everyone adopts smart loan and installment repayment, then interest is another algorithm.

Can the car loan be paid off in advance?

You can apply to the lending institution to pay off the car loan. However, the premise is that the loan contract indicates that it can be repaid in advance at any time, otherwise it can only be repaid regularly as agreed. Need to be reminded that if you choose to pay off the loan in advance within one year, most banks will charge a relatively high penalty.

The above is the answer to the question "How much is the monthly loan for 300,000 cars?". I hope I can help you!