Car loan refers to a way to buy a car through a loan. Under normal circumstances, car loans need to pay interest. The car loan interest rate is based on the statutory loan interest rate and floating range stipulated by the People's Bank of China, which is determined by the borrower and the lending institution through consultation and specified in the loan contract. Generally speaking, the car loan interest rate is between 5%- 10%, and the specific interest rate will be different according to the borrower's credit status. If the borrower's credit qualification is good, the bank may reduce the loan interest rate as appropriate; And if the borrower has overdue risk, the loan interest rate may be higher. It should be noted that some 4S stores may launch the activity of buying a car with a 0-interest loan, but in fact they will charge a higher service fee, which is equivalent to the loan interest, and there is still interest in essence.