How to calculate the mortgage for buying a car? Does it mean paying down payment insurance and car tax according to the mortgage of bare car price, or does it mean bare car price plus insurance?
Hello, it's the first one. For example, if the price of bare car is 654.38+10,000, then the down payment of 30% is 30,000. In addition, the money for buying purchase tax and insurance is extra! So you should prepare about 50 thousand in advance, because insurance and purchase tax can't be loaned! It means that you borrowed 70 thousand from the bank, and 70 thousand depends on how many years you borrowed it. If it is 3 years, then the repayment principal is 70,000 yuan divided by 36 months, plus monthly interest!