Car loan is more suitable than car loan. Because the credit card limit is limited, and it can be divided into two years at most, interest is charged at one time. The car loan can last for 1-3 years, with the loan amount up to 80% of the car price, and some models can last for 5 years.
The relative interest is lower than that of the credit card in the same period (not much lower) and the car loan can be repaid at 50: 50, which is more flexible and convenient.
As for the bank, it's best to see which bank the dealer of the model you bought cooperates with first. General cooperation, there will be some concessions or gift packages. (For example, BOC cooperates with Toyota and Xingye cooperates with Kia). Of course, some of them are local and need to be understood by themselves.
If cooperation is not considered, there is little difference in car loan business among banks, depending on which bank's card is convenient.
2. I got a car loan from China Construction Bank, gave me a car installment card and a credit card, and gave me another credit card a few days later?
This is the car purchase installment of Longka credit card. Two cards are generally a set of cards, one is used by UnionPay in China, and the installment money can be returned to UnionPay (whether activated or not, it is more convenient to repay if activated). Other tabs may not be opened if they are not used. SMS repayment notification is a bank bill reminder service. You can also call the bank customer service, manually set bills, send bills, electronic bills, etc.
3. Which is more cost-effective, bank car loan or credit card installment car purchase?
It is suggested to choose credit card installment loan, which is flexible and simple and has no great social burden. As long as you check the handling fee and guarantee fee to ensure that there is no loss, you can basically do it. Credit card loan Credit card loan to buy a car is a credit card installment business launched by banks. The credit limit that cardholders can apply for is generally 200,000-200,000; It is divided into three stages: 12 months, 24 months and 36 months. There is no loan interest rate for credit installment car purchase. Banks only charge fees, and the fees are different in different installments. Pay zero interest, preferential handling fee, no guarantee, no mortgage, enjoy credit card points feedback, no high loan interest, and avoid cumbersome mortgage procedures. You can provide some materials to the bank, apply for a special credit card and pay the handling fee in one lump sum. The minimum down payment for bank loans can be reduced to 20%, so it is called the choice of most prospective car owners. In addition, banks can apply for loans with large amount, low interest rate and long repayment period. The most important point is that banks can apply for car loans for any number of models or dealers, which greatly increases the choice of car buyers. There are many benefits, but it is not so easy to approve and has a certain social burden.
4. Which is more cost-effective, credit card loan or bank car loan?
Recently, some consumers have reported that they want to buy a family car of about 500,000 yuan during the preferential period, but at present, they are short of funds and want to buy a car by way of loan. But which is more suitable, bank car loan, credit card car purchase or auto finance company loan? In this regard, a person from the credit department of a state-owned bank introduced that bank car loan is the most traditional way to buy a car by loan. For example, if you buy a car worth 500 thousand, you can borrow up to 350 thousand from the bank and pay it off in 60 months, with an annual interest rate of 6.4%. Although the interest rate is low, the loan amount and approval process are very strict and the procedures are complicated. In addition, citizens can also choose to buy a car by credit card. There is no interest on credit card installment, but there is an installment fee. At present, the commission rate of 12 is generally 3%-5% and 24%-7%, which is equivalent to the minimum annual interest rate of 4%. In addition, you can also choose an auto financing company to borrow money to buy a car. The loan refers to the loan business launched by automobile manufacturers, which can be applied directly in 4S stores without going through the bank. Car buyers only need to provide identification, driver's license, proof of income, etc. Apply to an auto financing company without providing mortgage or guarantee. The loan period can be as long as five years, and the approval process is simple, and the car can be picked up on the same day as soon as possible. When the loan expires, citizens can choose to settle the elastic balance in one lump sum or apply for a second loan 12 months. This car loan has a high interest rate, with a five-year interest rate as high as 8%. The person reminded that the cost of buying a car by credit card by installment seems to be lower than that of bank car loan, but in fact its handling fee rate is determined according to the number of installments. The more installments, the higher the final total interest. In order to reduce the cost of car purchase as much as possible, citizens are advised to choose the installment within 12. Auto financing company loans are more suitable for foreign consumers who are eager to buy a car and have unstable income in the future. In order to reduce the cost of car purchase, it is best for car buyers who choose this kind of car loan to act when auto financing companies engage in preferential activities. Car buyers with ample money can choose the repayment method of floating down payment. If the down payment is high, the loan interest rate will be reduced accordingly, and the repayment pressure in the later period will be small.