1 and 28 car loans with equal principal and interest are not high, very low. First of all, the car loan interest rate generally implements the standard interest rate of the central bank.

The current interest rate is as follows: interest rate item annual interest rate (%).

Loan within six months (including six months) 5, 60. Loans from six months to one year (including 1 year) are 6,00.

Loans for one to three years (including three years) 6, 15.

The loan term is three to five years (including five years).

Loans for more than five years.

So to sum up, the annual interest rates of 1 and 28 are very low.