The down payment when buying a car does not include vehicle purchase tax and insurance premium. The down payment only pays the car price. Generally, the down payment is about 20%-50% of the car price. In addition, vehicle purchase tax and insurance premium are paid separately.
Vehicles can't go on the road without insurance. Generally, when buying a car, the insurance will be directly insured and paid in the 4s shop. As for the insurance premium, it mainly depends on the types of auto insurance. Of course, car owners can also go outside and find other insurance brokers to buy them. As for the vehicle purchase tax, the owner needs to bring a valid ID card, a car purchase invoice and a vehicle certificate to the service window of the local tax department to pay. The general purchase tax rate is 10%.
Vehicle insurance (also called motor vehicle insurance, automobile insurance), referred to as auto insurance, is a kind of property insurance that takes the vehicle itself and the third party's liability as the subject matter of insurance and bears the responsibility for personal injury or property loss caused by natural disasters or accidents. Its insurance customers are mainly legal persons and individuals who own various motor vehicles.
The main risks of commercial insurance include vehicle loss insurance, third party liability insurance, vehicle personnel liability insurance and vehicle theft and rescue. Motor vehicle loss insurance covers the insured vehicle against natural disasters or accidents within the scope of insurance, resulting in the loss of the insured vehicle itself, and the insurer shall make compensation in accordance with the provisions of the insurance contract. Motor vehicle third-party liability insurance, for the insured or its allowed qualified drivers in the process of using the insured vehicle, causing personal injury or property losses to a third party, the amount that should be paid by the insured according to law is also compensated by the insurance company.
Compulsory traffic insurance: when the auto insurance expires, the policy will be invalid immediately, and if a traffic accident occurs, all losses will be borne by yourself. When the auto insurance expires, the insurance company will naturally no longer be responsible for you. After all, insurance companies are not for charity. If you accidentally hit a luxury car, ranging from tens of thousands to millions, you can repair the car yourself, and you will get the protection of car damage insurance and three insurances, which is better than streaking.
Vehicle insurance can be renewed after it expires. However, if the insurance is renewed after the expiration, it will not only fail to enjoy the renewal discount, but may also lead to an increase in premiums. Generally, after three months of follow-up, the premium will increase 10%. In addition to the increase in premiums, there will be other problems in renewing auto insurance when it expires. For example, the compulsory insurance is required by the state, and the compulsory insurance can drive on the road. If you are caught on the road after the expiration, you need to be fined by Ghana. Also, if there is a traffic accident within the validity period, the insurance company will not pay the claim, and the lost expenses need to be borne by itself. Therefore, the insurance must be renewed in advance before it expires.
Does the car installment down payment include insurance?
Not included. The down payment for a loan to buy a car is the percentage of the naked car price, excluding insurance, but if you want to land, you must add purchase tax and insurance, loan service fee and listing fee.
Specific introduction:
First of all, briefly introduce the loan to buy a car.
Loan to buy a car means to buy a car by borrowing from a bank for car consumption loans.
Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit record and must meet the requirements of financial institutions before they can apply for a loan to buy a car.
Second, the basic knowledge
1. What is an automobile consumption loan?
Automobile consumption loan refers to the RMB-guaranteed loan issued by the bank to the borrower who buys a car at its special dealer.
2. What car can I buy when I apply for a car loan?
Automobile refers to the domestic automobile determined by the national industrial policy, and the specific brand is determined by each bank.
At present, the automobile brands that can handle automobile consumption loans are SAIC, GM, Fukang, Jetta, Hongqi, Audi, Li Xia and Alto. In the future, with the development of this business, automobile brands and types will continue to increase.
3. The payment has been paid, but what should I do if the vehicle has quality problems?
If the vehicle has quality problems, the user will go to the manufacturer's special maintenance service center for negotiation. During this period, the user shall not use this as an excuse to stop or delay the payment of the money and other fees due each period.
What will the bank do if the borrower can't pay back the money by the time of payment?
If any installment is overdue and there is still no response after Party A's second written reminder, Party A has the right to apply to the people's court with jurisdiction to enforce all the arrears of the user and take back the vehicle for auction according to this contract. If the auction amount is insufficient to pay the arrears and necessary expenses, the user shall make up the arrears. If it exceeds the sum of the arrears and expenses, the excess can be returned to Party B. ..
Third, details.
Detail 1: Interest-free car loans are subject to handling fees. Now many auto financing companies have launched interest-free car loans, but the regulations on handling fees are different. Some need to charge fees, and some don't. If the car you want to buy is interest-free and fee-free, it is still relatively affordable. If you need to charge a handling fee, you must carefully calculate and measure it. The handling fee of car loan is generally between 4% and 7% of the total car payment, and the handling fee is paid at the same time as the first month payment. If the handling fee is too high, consider other types of car loans.
Detail 2: Read the relevant insurance clauses carefully before applying for a car loan. Buying a car with a loan is to mortgage the car to the bank. The car belongs to the bank before you pay off the bank loan. In order to reduce the risk, banks generally require you to buy some auto insurance as a loan condition in the car loan contract. The premium of these insurances may not fully meet your requirements, and may even be too high, so you must read the relevant insurance clauses carefully when applying for a car loan, and you can't ignore this cost.
Detail 3: There are many restrictions on buying a car with a zero-interest loan. Many manufacturers have introduced interest rate loans to buy cars, especially some high-end cars. However, there are two restrictions on buying a car with a general interest rate loan: first, you can't enjoy the cash discount for activities related to zero interest rate, and sometimes the amount of these cash discounts is quite large; Second, buying a car with interest rate loans is easily restricted by time, region and dealers, and it is not always a unified activity. If you want to buy a car with an interest rate loan, the above two aspects must be considered comprehensively.
Detail 4: seriously consider the floating car payment and loan interest rate. Generally speaking, if it is an interest-free loan, the total payment for car purchase will rise to a certain extent, and the price of cash car purchase and loan car purchase cannot be the same. In this case, you have to calculate how much the floating amount is, and whether it exceeds the total interest of buying a car with a commercial loan. If it exceeds, you may wish to apply for a commercial vehicle loan. If not, you can apply for an interest-free loan.
If you buy a car by mortgage, does the down payment include the license plate and insurance?
Yes, the down payment for mortgage car purchase is 30% of the car price, including purchase tax, vehicle and vessel use tax, compulsory insurance and commercial insurance. All expenses of down payment need to be paid in cash, and 70% of the remaining car price is a loan.
Vehicle purchase tax:
Additional purchase tax = bare car price ÷ (117%) ×10%.
In 950 yuan, where there are less than 6 compulsory insurance seats, there are more than 6 seats 1 100 yuan.
According to local regulations, vehicle and vessel use tax is levied according to vehicle displacement. Take Beijing as an example, 300 yuan is below 1.0L, and 420 yuan is between 1.0L and1.6l. The greater the displacement, the more money.
The price of commercial insurance is determined by the type of insurance you choose. You must buy a car in the first year with a loan. General commercial insurance is the price of the vehicle. For example, a car with a price of 654.38+ 10,000 yuan, the commercial insurance is about 5,000 yuan.
Buying a car by mortgage means that the borrower who applies for buying a car pays part of the down payment first, and the lender issues loans to the buyer in installments for the rest. The application conditions are as follows:
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.
Does the down payment for buying a car include purchase tax and insurance?
1. The car loan fee does not include purchase tax and insurance.
2. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at special dealers. Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit record and must meet the requirements of financial institutions before they can apply for a loan to buy a car.
3. Basic knowledge of auto loan:
1) Total down payment = commercial insurance required for down payment.
2) purchase tax = purchase price /( 1 17%)× purchase tax rate (10%).
3) Licensing fee: Generally, the one-stop service fee provided by merchants is about 500 yuan, and the personal handling fee is about 373 yuan, including industrial and commercial verification 150 yuan, mobile license 30 yuan, environmental protection license 3 yuan, extension fee 40 yuan, driving license photo 20 yuan and pallet 130 yuan.
4) Vehicle and vessel use tax: the provinces are not uniform. Take Beijing as an example, there are 9 or less buses in 480 yuan and 9 or more buses in 540 yuan.
5) Compulsory traffic insurance: 950 yuan/year for 6 or less families, and RMB 1 100 yuan/year for more than 6 families.
6) Total term insurance: The average discount of insurance companies is 77%.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.