What kind of car loan is the most economical:
Credit card loans are the most economical. Generally speaking, you can buy a car by credit card installment, bank car loan and auto financing company. One of the most economical ways is to pay by credit card in installments without guarantee. Generally, the whole process only generates handling fees, excluding investigation fees, notarization (certification) fees and guarantee fees, and there is no interest. Moreover, when buying new car insurance and renewing insurance with credit card, there is no more requirement than bank car loan or financial company guarantee. Generally, you only need to buy major insurance, burglary and emergency rescue, and there are no other mandatory requirements, such as buying all insurance or installing GPS, which saves the owner a sum of money for subsequent use.
However, people who apply for credit card mortgage loans have higher requirements than other methods. The general requirement is to have a local hukou, a real estate, a legitimate occupation, no bad credit record, and be a high-quality customer of the bank. Direct loans save intermediate costs. Bank car loans can be divided into "direct customer type" and "indirect customer type" according to whether they directly deal with banks, that is, car buyers directly apply for car loans from banks themselves, and then find car dealers first, which is a direct customer type; Otherwise, car dealers are preferred, which is an indirect customer type.
Million car purchase subsidy