Regular car loan guarantee companies are all registered. They are more afraid of the Industrial and Commercial Bureau, and users can complain about illegal operations and other issues; car loan companies are also more afraid of the China Banking Regulatory Commission, because more and more people now Choosing a loan to buy a car can relieve current economic pressure, enjoy vehicle resources in advance, spend future money, and enjoy today's happiness. However, various loan scams have also emerged, such as routine loans, car loan cash-out, etc. Therefore, car loan companies are most afraid of complaints about fraud.

1. What are the repayment methods for car loans

Car loans can choose the one-time principal and interest payment method and the installment repayment method. The installment repayment refers to: equal principal and interest, equal principal and interest gold.

1. One-time principal and interest repayment method

Also known as the one-time principal and interest repayment method upon maturity, it means that the borrower does not repay the principal and interest monthly during the loan period, but The principal and interest will be returned in one go after the loan matures. This is the method adopted by the People's Bank of China for personal housing loans within one year (including one year) recently promulgated.

2. Equal principal and interest

Equal principal and interest refers to a repayment method for home purchase loans. During the repayment period, the same amount of loan (including principal and interest) is repaid every month. Interest).

3. Equal principal amount

It is to divide the total loan amount into equal parts during the repayment period, and repay the same amount of principal every month and the interest generated by the remaining loan in that month. , so that the monthly principal repayment amount is fixed and the interest is getting less and less.

2. Things to note when buying a car with a loan

1. Interest-free car loan ≠ no handling fee

Nowadays, many sellers want to attract consumers to buy their own cars. When buying a car, interest-free car loans will be launched, but this is not actually the case, because although they appear to give you interest-free, they will actually charge a handling fee, and the cost of this handling fee is actually almost the same as the interest. Casual does not really give you interest-free as they say on the surface.

2. Car insurance is required

When buying a car with a loan, the acquaintance of the car is not a consumer. In order to reduce the risk, the dealer generally Some car insurance that must be purchased will be mentioned in the car loan contract as a condition of the loan.

When buying a car with a loan, the dealer will require consumers to purchase four major insurances in our store as a condition and requirement for the car loan. For example, the insurance premium for a car priced at 200,000 yuan is about 10,000 yuan, so you must read the insurance terms carefully when buying a car to avoid falling into a trap.

3. Negotiate the cancellation agreement before applying for a mortgage

When buying a car with a loan, consumers will encounter situations where the appropriation is slower than before because the review has not been approved. They must be sure to sign the contract when signing the contract. Pay attention to the refund method, date, amount and other information. It will usually be noted in the signed agreement. At this time, consumers should read it carefully.

4. Confirm the loan repayment time and amount

There are two ways to buy a car with a loan: equal principal and interest and equal principal. After you confirm which way, you still need to Determine the repayment time and minimum repayment amount. There may be an increase in repayment costs caused by interest due to unsuccessful deductions. Therefore, in order to avoid this outcome, be sure to confirm the repayment time.

5. The low monthly payment may seem like a good deal, but you should pay more attention

We often hear and see advertisements like this: “It only takes 18 yuan to repay the loan a day”, “Monthly repayment is only 18 yuan.” If you pay 2,000 yuan, XX will drive home." But don’t be deceived by such appearances. What seems like a good thing is that you are taking advantage, but it actually makes you spend more money. As long as you carefully calculate the interest rate of the loan, these advertisements are traps, so don’t be greedy for petty advantages and cheat others. Of course.