The down payment of a loan to buy a car is mainly based on the individual's financial situation. Under normal circumstances, the minimum down payment for car loans is 30%, and car buyers can arrange the down payment ratio for car loans according to their own income and investment plans. In addition, the minimum down payment of car loans will be different with different loan methods.

Here are a few ways to make a down payment on a car loan:

1. Where the purchased vehicle or other real estate is mortgaged to apply for a loan, the down payment shall not be less than 30% of the purchase price, and the loan amount shall not exceed 70% of the purchase price.

2. Where a loan is applied by pledge or a bank or insurance company provides joint liability guarantee, the down payment amount shall not be less than 20% of the car payment, and the loan amount shall not exceed 80% of the car payment.

3. Where a third-party guarantee is used to apply for a loan (except banks and insurance companies), the down payment amount shall not be less than 40% of the car payment, and the loan amount shall not exceed 60% of the car payment.

In addition, the loan period for buying a car is generally 3 years, and the longest is no more than 5 years. The provisions of the loan term may vary according to the qualifications of borrowers. You usually don't need to mortgage anything else to buy a car with a loan. Collateral is generally a purchased car. However, borrowers are also required to have a certain repayment ability, and they can show their real estate license to the lending institution to prove their repayment ability, which may speed up the loan approval.

Installment payment is mostly used for some product transactions with long production cycle and high cost. Such as the export of complete sets of equipment, large vehicles and heavy machinery and equipment. Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed. Payment methods for purchasing goods and services. The buyer and the seller sign a contract at the time of transaction, and the buyer pays the goods and services to the seller in installments within a certain period of time. The date and amount of each payment are stated in the contract in advance.