Loan to buy a car, as long as the car dealer who sells the car provides you with an interest-free loan, you can be interest-free; If you don't provide interest-free loans, you can only pay the corresponding interest according to the bank's automobile consumption loan interest rate. If the automobile consumption loan has a fixed number of years, the general bank only gives a loan period of 2-3 years. If the car is high-end, the loan period will be appropriately extended, but the longest loan period is generally not more than 5 years. Because cars are high-end consumables, they are worthless after a few years of driving, so banks usually make such loans, and the service life is mostly around 2-3 years.
Second, is there a saying that interest is paid in advance when buying a car with a loan?
The loan to buy a car is included in the monthly repayment together with the interest, so there is no need to repay the interest first, and the loan must meet certain conditions. Conditions for applying for a car loan: the car buyer must be a China citizen who is 18 years old and has full civil capacity; Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities, gold and silver products, etc. During the period of applying for a loan, the car buyer will deposit the down payment for car purchase lower than that stipulated by the bank into the savings counter account of the handling bank; Provide bank-approved guarantees to banks. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan; Car buyers are willing to accept other conditions that the bank deems necessary.
3. Do teachers need loan interest when buying a car?
Normal commercial loans require interest, that is, how much interest. In fact, there are many different ways of car loan, such as car mortgage, credit car loan, credit card installment car loan, real estate mortgage car loan and so on. The procedures, processes and interest rates of different loan methods will be different, and there are still many differences. You should make more comparisons, so that it is more affordable to choose the loan that suits you best. When the value of general credit car loan does not exceed 10w, you can apply for car loan. General down payment is 30%. If the loan is 70%, the house with full property rights can be mortgaged to buy a car. Generally, if you use credit cards with higher car prices in stages, there are more restrictions.
4. Is there any interest on the car loan now?
Generally, there is interest, but also depends on how the contract signed by the car dealership and the bank is arranged.
The car loan interest rate generally implements the central bank's standard interest rate. The current interest rates are as follows: the annual interest rate (%) of interest rate items is 5.60 for loans within six months (including six months); 6.00 The loan lasts for six months to one year (including 1 year); Loans for one to three years (including three years) 6.15; Three to five years (including five years) loan 6.40; Loans for more than five years 6.55.
Article 1 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases.
The term "private lending" as mentioned in these Provisions refers to the financing behavior between natural persons, legal persons and other organizations and between them. These Provisions shall not apply to financial institutions and their branches established with the approval of the financial supervision department and engaged in loan business, which are triggered by the issuance of loans and other related financial businesses.
Legal basis:
Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases
Article 26:
If the interest rate agreed by the borrower and the borrower does not exceed 24% per annum, and the lender requests the borrower to pay interest at the agreed interest rate, the people shall support it.
The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. If the borrower requests the lender to return the interest paid in excess of 36% per annum, the people shall support it.