Hello, the average used car dealer borrows about 7% interest, which is 0.7% monthly interest, which translates into 8.4% annual interest. If the down payment is 30% or 50% and the loan term is 24 or 36 years, the annual interest rate of the loan is 6.6%.

Loans in the used car market are different from new car loans, and there will be some preferential subsidies. Moreover, for a three-year loan for used cars, the minimum down payment is 50%, and the total interest is more than 20% of the total loan. The calculation formula of loan interest for used cars is: monthly payment × loan term-loan amount = total interest.

Second, how to calculate the interest of buying used cars in installments?

The general annual interest rate is around 30% (this is the interest rate after the handling fee). Don't believe in zero interest rate and low interest rate. Those are handling fees, which are higher than the interest rate.

Third, how to calculate the interest on buying a used car?

The algorithm of second-hand car loan interest is related to the repayment method. Take equal principal and interest and equal principal repayment as examples. The second-hand car loan is 6,543,800 yuan, the loan term is 2 years, the loan interest rate is 8%, the monthly repayment amount is 4,522.73 yuan, and the total interest is 8,545.5 yuan. Matching principal repayment, the first monthly payment is 4833.33 yuan, and the total interest is 8333.33 yuan.

If the activity period is interest-free, it will be 65438+ ten thousand /24=4 166.67 yuan per month.

4. Is there any interest on the second-hand car loan?

Not interested,