I want to borrow 50 thousand to buy a new Jetta and pay it off in three years. Is it cost-effective to get a loan from the bank or the place where I sell my car? Please come in if you know the interest rate of bank loans. 1 ultimately, it is a bank loan, and the place to buy a car is a lending institution.

Now FAW Group has a finance company, which is also handling auto loan business, and the rate is similar to that of banks.

The same is true for bank loans. Just pay the down payment, which is similar to your mortgage procedures.

At present, the bank's 3-year benchmark interest rate is 5.4%, which can be compared when borrowing money. The loan interest rates of other installments are as follows for reference:

5.3 1 year

One to three years.

Three to five years 5.76

More than five years 5.94