How to calculate the interest on the loan to buy a car?

How to calculate the interest on car loan?

To calculate the annual interest rate of car loan, you can use this formula: car loan annual interest rate = car loan principal × car loan annual interest rate.

It is generally known that the annual interest rate of car loan can be calculated by knowing the principal and annual interest rate of car loan, both of which are stated in the car loan contract. For example, if the principal of car loan is 65,438+10,000 yuan and the annual interest rate is 8%, the annual interest rate is equal to the principal of car loan × the annual interest rate of car loan = 65,438+10,000 yuan× 8% = 8,000 yuan.

Extended information:

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks provide RMB-guaranteed loans to car buyers who buy cars at their special dealers.

The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.

Matters needing attention in auto loan are as follows:

1. After enjoying the "zero-interest-free loan" from the merchant, can I still enjoy the preferential price of the car?

2. The car loan fee in the market a few days ago was in the range of 4%~7.5%. Whether the interest is exempted increases the handling fee.

3. The car purchase interest rate is charged according to the bank's benchmark interest rate. Whether the handling fee is waived or not, the interest is floating on the basis of the bank's benchmark interest rate.

When you get a car loan, the most important thing is to shop around. Consumers should choose a regular car loan service company with certain qualifications and strength, which not only regulates services and charges, but also leaves no hidden dangers.

Factors that generate interest:

1. delayed consumption. Lenders lend money, which is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer present goods to future goods, so there will be positive interest rates in the free market.

2. Expected inflation. Inflation will occur in most economies, representing a certain amount of money. You will buy less goods in the future than you do now. So the borrower needs to compensate the lender for the losses during this period.

3. Lenders can choose to invest their funds in other investments instead of alternative investments. Because of the opportunity cost, the lender lends money, which is equivalent to giving up the possible return of other investments. Borrowers need to compete with other investments for this fund.

4. Investment risk: The borrower faces the risk of bankruptcy, absconding or non-repayment of debts at any time, and the lender needs to charge extra fees to ensure that he can still get compensation under these circumstances.

5. Liquidity preference, people prefer that their funds or resources can be traded immediately at any time, rather than spending time or money to get them back. Interest rate is also a kind of compensation for this.

How to calculate the interest on car loan?

To calculate the annual interest rate of car loan, you can use this formula: car loan annual interest rate = car loan principal × car loan annual interest rate.

It is generally known that the principal and annual interest rate of car loan can be used to calculate the annual interest of car loan, both of which are stated in the car loan contract. For example, if the car loan principal is 6,543.8+10,000 yuan and the annual interest rate is 8%, the annual interest is equal to the car loan principal × the annual interest rate of the car loan = 654.38+ 10,000 yuan× 8% = 8,000 yuan.

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers.

The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.

Matters needing attention in auto loan are as follows:

1. After enjoying the "zero-interest-free loan" from the merchant, can I still enjoy the preferential price of the car?

2. A few days ago, the car loan fee in the market was in the range of 4%~7.5%. Whether the interest was exempted increased the fee.

3. The car purchase interest rate is charged according to the bank's benchmark interest rate. Regardless of whether the handling fee is unavoidable, the interest is floating on the basis of the bank's benchmark interest rate.

When you get a car loan, the most important thing is to shop around. Consumers should choose a regular car loan service company with certain qualifications and strength, which will not only standardize services and charges, but also leave no hidden dangers.

Factors that arouse interest:

1. Delay consumption. When the lender lends money, it is equivalent to delaying the consumption of consumer goods. According to the principle of time preference, consumers will prefer current goods to future goods, so there will be positive interest rates in the free market.

2. Anticipating inflation, inflation will occur in most economies, representing a certain amount of money, and fewer goods can be purchased in the future than at present. So the borrower needs to compensate the lender for the losses during this period.

3. In addition to alternative investments, lenders can choose to invest their funds in other investments. Due to the opportunity cost, the lender lends money, which is equivalent to giving up the possible return on other investments. Borrowers need to compete with other investments for this fund.

4. Investment risk: The borrower faces the risk of bankruptcy, absconding or non-repayment of debts at any time, and the lender needs to charge extra fees to ensure that compensation can still be obtained under these circumstances.

5. Liquidity preference, people will prefer that their funds or resources can be traded immediately at any time, rather than spending time or money to get them back. Interest rate is also a kind of compensation for this.

How to calculate the interest on car loan?

Calculation method of car loan interest: 1, the original car price is about 90,000 yuan, and the down payment is 30%, that is, the down payment of the car body price is 27,000 yuan and the loan is 63,000 yuan, but this is only the down payment of the car body, and the real payment is not only 27,000 yuan, but also various other expenses need to be paid; 2. Roughly speaking, the purchase tax car = purchase price /( 1 17%)× the purchase tax rate (10%) = about 7700, and the basic loan for buying a car in the first year of insurance is about 6000, and then it depends on whether to entrust the store to handle all the formalities such as licensing. , plus the loan cost is about 1500. 3. The interest rate is 9 points, and the annual interest is 630000.09=5670. So the interest for three years is 56703= 170 10 yuan; 4. The vehicle landing price is 437,006,300 yuan17010 =120,800 yuan.