2. The bank interest rate is 0.5025%, and the finance company interest rate is 0.6 15%. Although the interest rate of the finance company is slightly higher than that of the bank, in the process of loan, the finance company does not charge any miscellaneous fees such as point fee, home visit fee and guarantee fee.

3. Calculation method:

Car price down payment = cash purchase price × (down payment ratio is 30%-80%)

Total down payment = down payment+insurance premium+license fee

Loan amount = cash purchase price-down payment

Average monthly payment

Take five years as an example,

The calculation formula is: repayment amount per installment = loan principal/number of repayment installments;

Interest payable in each installment = remaining principal of last month × monthly interest rate of loan.