Both. Loans from 4s stores include loans from banks and loans from other financial institutions such as manufacturers' finance. Customers can compare the car loans of different lending institutions according to their actual situation, and choose the car loan products with the highest cost performance and the most suitable for them to apply.

Of course, different car loan products will also have differences in audit strength and loan interest rate. Under normal circumstances, the bank's loan products are strictly audited, but the loan interest rate is relatively low. These are all things that lenders need to consider before applying for a loan.

Loans, cars, cars and finance: loans from financial companies or bank loans?

In view of this problem, whether buying a car is a loan from a finance company or a bank depends on personal choice. If you choose a finance company loan, it is a finance company loan; if you choose a bank loan, it is a bank loan.

The advantage of bank loan is that there is no vehicle type restriction, and the repayment time can be flexibly selected between 2-5 years in theory, which is especially suitable for high-quality or high-end customers. The advantage of financial loans is that they are usually flexible and can be used in stages to meet the needs of customers. Generally, it is not easy to apply for a car loan with a three-year repayment by credit card, but it is relatively easy for an auto financing company to apply for a longer repayment period, usually around three years, which relieves the pressure on car owners to some extent. At present, the most common loan to buy a car on the market is probably two modes, one is to find a bank loan in the traditional mode; The other is financial loans. Generally, users who choose this kind of "overdraft" consumption have stable income, so there is no saying whether it is desirable or not.

Consumers need to choose according to their own needs when choosing:

1. Bank loan The first thing to consider when buying a car with a bank loan is the interest rate. Although all loans have to face the interest rate problem, looking for a bank loan means that the interest rate is regulated by the central bank's benchmark interest rate, followed by the down payment ratio, and the bank will require a down payment of 30% to 40%. Under normal circumstances, the longest period for finding a bank car loan is 5 years, and the longest period for used cars and commercial vehicles is 3 years. At the same time, the annual interest rate of banks is generally 4.35%, which is 4.75% within one year and five years.

2. Factory Finance Generally, the annual loan interest rate of a regular auto finance company is around 8%- 12%. If you are lucky, you may even get an interest-free loan to buy a car when you meet a manufacturer to do activities. Manufacturers' financial down payment will be much looser, and many of them will start at 20% or even lower. Compared with bank loans, the biggest advantage of factory loans is that the approval is relaxed, the threshold is relatively low, and sometimes even credit loans can be made. The speed of lending can be said to be his most obvious advantage.

Is the car loan a bank loan or a financial company loan?

I. Loan Selection

Car loans can be selected from bank loans or financial company loans. The bank's auto loan interest rate is low and the procedures are complicated, while the auto financing loan interest rate is high and the procedures are simple, and there are also differences in vehicle selection. If you choose a bank direct car loan, you can choose any car model, and car financing loan generally refers to the car models owned by the car company, which will have certain restrictions on the choice of car models.

Most banks stipulate that the down payment of car loan is 30% of the car price, and the loan period is generally 3 years, which requires a deposit of about 10% of the car price and related handling fees. Comparatively speaking, auto financing companies have low down payment ratio and long loan time. General auto financing companies require a down payment of at least 20% of the car price, and the longest loan period is 5 years. There is no need to pay the mortgage fee, as long as consumers can handle all the business such as car purchase, loan and insurance in the sales store authorized by the manufacturer.

The bank's car loan interest rate is determined according to the bank's interest rate, and the interest rate of auto financing companies is usually higher than the bank's current interest rate. Of course, some financial companies will also take interest-free loans to increase the sales of some unsalable models.

Second, the advantages and disadvantages of comparison

1, advantages and disadvantages of bank car loan:

The interest rate is relatively low. According to the customer's integrity qualification, the down payment ratio will be reduced, the loan term will be extended and the loan interest rate will be reduced. However, the application procedure is complicated, and the car buyer needs to provide a series of proof materials, as well as effective rights pledge or collateral recognized by the bank or a third-party guarantee with compensatory ability. If you are not a local household registration, you need a guarantor. The procedures are quite complicated and the loan rate is not high.

2. Advantages and disadvantages of auto financing loans:

Auto financing companies are more professional and humanized, with a minimum down payment of 20%, lower application threshold and more convenient procedures, so they can pick up the car as soon as possible. The disadvantage of auto financing company's auto loan is that the loan interest rate is high and the five-year interest rate is close to 8%.

The bank's auto loan interest rate is low and the procedures are complicated, while the auto financing loan interest rate is high and the procedures are simple, and there are also differences in vehicle selection. If you choose a bank direct car loan, you can choose any car model, and car financing loan generally refers to the car models owned by the car company, which will have certain restrictions on the choice of car models.

Whether you choose bank auto loan or auto financing loan, you need to comprehensively consider the above contents, loan procedures, down payment ratio and loan interest rate, compare their advantages and disadvantages, and then choose the appropriate auto loan scheme according to your actual economic situation.

Is the car loan a bank loan?

Car loans are not necessarily bank loans. In addition to car loans provided by banks, auto consumer finance companies also provide car loan services. When car owners apply for car loans in 4S stores, they can choose lending institutions. If you choose bank loans, you usually need a credit card. For customers who don't have credit cards, the staff of 4S stores will recommend customers to apply for auto loans from auto consumption finance companies.

For the same vehicle model, the loan interest rate will be different when handling bank loans or auto consumption finance company loans. Generally speaking, the loan interest rate of auto consumer finance companies is higher than that of bank loans.

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car.

The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. There are three types of car loans: direct, indirect and credit card. The term of car loan is generally 1-3 years, and the longest is no more than 5 years.

Type of automobile loan

Car loan personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan.

The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.

In addition to the above fees, personal auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits.

And credit cards, car loans. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records.

The specific steps of buying a car by credit card in installments are roughly as follows:

1. The cardholder (or applicant) calls the bank's credit card center or goes to the local bank to find out whether he can apply for a credit card car loan.

2. The cardholder will fill in the installment order of car purchase at the dealer with his ID card, and the bank background will review it.

3. After the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.

4. After the vehicle is licensed, the cardholder needs to go to the bank to go through the mortgage formalities and purchase the required auto insurance.

Finally, I can drive the car away smoothly.

Letter of credit clause

1. Have valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.