It has become a trend for China people to borrow money to buy a car. At present, there are many ways to choose car loan, so it is very important for consumers to choose the right car loan. So today I will introduce you to several common ways of car loan, so that you can have a reference when buying a car in the future.

The first type: credit card installment

This method is the simplest and quickest, and the loan amount can fully meet the demand of buying a car, up to 200,000 (according to the credit card amount). If you don't have to get into a luxury car, that's enough. But the premise is that the user's credit rating should be very good, and the repayment should be made on time every month, and there can be no record of overdue or non-repayment. If all the conditions are met, it is a worry-free and labor-saving loan method.

The second type: bank loans.

Many state-owned banks and private banks have opened car loan business and also have preferential activities. If you are interested, you can pay attention to the apps of several big banks, which have very detailed car loan information. However, I suggest that you still look at the banks you have already opened, and there is no need to apply for a new bank. In fact, there is little difference in car loan concessions between these banks. To put it bluntly, it is impossible for the owner to count as a bank. However, the disadvantage of bank loans is that there are fewer models that can be loaned, and the car needs to be mortgaged when lending, and there are really many related procedures.

The third type: car loans from financial companies.

This is also a common loan method, in fact, the finance company helps you to give money first. The advantage is that you don't have to go through many procedures like bank loans, and the loan is fast and the loan amount is the highest. Generally, it is 80% to 90% of the fare, and the car loan models are also the most. This method is suitable for car owners with high loan demand and long service life.

The fourth type: financial loans from manufacturers.

It's a loan from your own brand company. The purpose is to sell their own models. Its advantage lies in the interest-free policy, but the loan period is very short and the down payment ratio of car owners is also high. This kind of loan is suitable for riders with good budget.

There are many ways to borrow money to buy a car. Choose the appropriate loan method according to your own needs. However, the most important thing is how much money you have. After all, loans still have certain risks.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.