What are the advantages of buying a car online in installments now?

In the end, I went to the physical store to pick up the car, and the price of the car was cheaper than the physical preferential policy.

The main difference between buying a car with a loan and buying a car in installments is that the nature of the two is different, one is a secured loan, and the other is equivalent to a credit loan.

Buying a car with a loan is generally to go to a bank or auto finance company or other lending institution to apply for a loan, which often requires the purchased vehicle as collateral. Buying a car in installments is generally to use a credit card to pay for the car in installments, so you generally do not need to use the vehicle as collateral, but through your credit card with your personal credit as a guarantee. In addition, compared with buying a car in installments, the amount of a loan to buy a car is usually larger, after all, buying a car in installments cannot exceed the limit of the credit card, so there will be certain restrictions.

However, the procedure of buying a car with a loan may be more troublesome than buying a car by installments.

1.The definition is different, buying a car in installments means how many installments the borrower divides the car loan into and giving money in batches every month, and the loan to buy a car is to buy a car with the money of a financial institution;

3.The cost is different, there is no interest for buying a car in installments, and a handling fee needs to be charged, and interest needs to be paid for buying a car with a loan, and the two algorithms are different.

Further Material: Is Buying a Car with a Loan the Same as Buying a Car with a Credit Card Installment?

Buying a car with a loan is not the same as buying a car in installments with a credit card.

1. Take out a loan to buy a car.

1.Low loan rates: In the case of CCB, for example, the latest auto loan interest rates in 2016 were % for 1-year, 2-year and 3-year terms.

If you want to buy a car of 200,000 yuan, the down payment is 100,000 yuan, and the remaining 100,000 yuan will be paid off in 2 years, and the consumer will actually pay 10,000 yuan.

2.The threshold is high, the procedures are cumbersome, and the loan time is long. When a car buyer applies for a car consumer loan, the bank often asks the car buyer to provide a series of supporting materials:

ID card, work certificate, bank statement for the past year, social security certificate for more than two years (inclusive), real estate certificate or house sale contract or house purchase invoice, etc.; Third-party guarantees and collateral are also required.

2. Buy a car by credit card in installments.

1.The application threshold is low. As long as the car buyer has a credit card that can apply for a car loan, the credit card application procedure is relatively simple, and there is no need to provide the corresponding property guarantee, eliminating the cumbersome procedures such as intermediary notarization and additional fees to increase the burden on consumers.

Another 4S store said that it is enough to provide salary flow and social security card, and if it is a customer group of civil servants, state-owned enterprises, and public institutions, the approval efficiency of loans will be relatively high.

2.Convenient repayment and interest-free. Repay the loan on the designated credit card.

1. The definitions are different.

1) Loan to buy a car: The loan issued by the lender to the borrower who applies to buy a car is actually borrowing money from a financial institution to buy a car, but the financial institution requires the car buyer to pay a certain percentage of the down payment and provide proof of repayment ability, no bad credit record, and must meet the requirements of the financial institution to apply for a loan to buy a car.

2) Installment payment: It is mostly used in product transactions with long production cycle and high cost. Choosing a credit card installment payment method is more cost-effective than bank car loans, auto finance companies, etc.

Usually, credit card installments are unguaranteed and interest-free, and only a processing fee is charged. At the same time, there is no mandatory requirement for credit card installment payment to buy a car when buying a new car for insurance and renewal, and generally only need to purchase the main insurance and theft insurance.

2. The application conditions are different.

1) Loan to buy a car: To apply for a car consumer loan, you must purchase a car within a limited range at a special dealer recognized by the bank, and the car buyer must have a relatively stable occupation and a relatively stable economic income or have assets that are easy to realize, so as to repay the loan principal and interest on time.

During the loan application period, the car buyer deposits a deposit less than the down payment required by the bank in the account of the bank savings counter and provides the bank with a guarantee approved by the bank. If the buyer's personal account is not local, a joint and several liability guarantee should also be provided, and the bank will not accept the mortgage set by the buyer to purchase the vehicle with a loan.

(2) Installment payment: The bank has higher requirements for the applicant in the way of credit card installment payment, generally requiring a city account, and stable income, no bad credit record, real estate, and high-quality bank customers are preferred. It is easier to apply for installment payment, and as long as the bank has launched this service, then the car buyer can follow the rules of different banks.

Each bank has different practices for installment payment, and in addition to the goods on the credit card installment payment catalog, some banks have specific requirements for the purchase location and amount.

3. Interest rates are different.

1) Loan to buy a car: The interest rate of the auto consumer loan refers to the ratio of the loan amount to the principal amount issued by the bank to the consumer, that is, the borrower, for the purchase of a car for self-use. The higher the interest rate, the greater the amount of repayment the consumer will have.

At present, the interest rate of automobile consumer loan is calculated according to the loan interest rate for the same period stipulated by the People's Bank of China.

Many auto finance companies have launched interest-free car loans, but there are different regulations in terms of handling fees, some need to charge a handling fee, and some do not charge a handling fee.

2) Installment payment: Although credit card installment payment is interest-free, handling fees are unavoidable. Since each bank calculates the handling fee differently, after understanding the credit card handling fee, you should choose the most suitable card for your transaction.

The main difference between a loan cart and an installment cart is the difference in two natures, one is a secured loan and the other is an equivalent credit loan. Borrowing money to buy a car usually means applying for a loan from a bank or auto finance company, which usually requires the purchase of a car as collateral. Installment cars generally use a credit card to pay for the car in installments, so you generally don't need to use the car as collateral, but use your credit card to guarantee your personal credit.

In addition, buying a car with a loan is usually larger than buying a car in installments, after all, buying a car in installments cannot exceed the credit card limit, so there will be certain restrictions. But buying a car with a loan is a bit trickier than buying a car with installments.

Extended Materials: a. Can I buy a car with a credit card.

You can buy a car with a credit card. You can choose to pay in full or in installments. However, it may be cheaper to pay in installments than in full. Many people think that the full payment is more convenient, but in fact, the handling fee for the full payment is more expensive because it is more cumbersome.

Two. The procedure for buying a car in installments with a credit card.

1.Submit an application. After looking forward to purchasing a vehicle, fill in the application form for automobile consumer loan and credit status questionnaire, and submit relevant personal proof to the lending bank;

2.The bank conducts pre-loan investigation and approval. If the borrower meets the loan conditions, the bank will notify the borrower in time to fill in various **;

3.Notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures;

4.Bank loan (directly from the bank to the car dealership account).

5.The borrower gives the down payment to the car dealer and picks up the car with the passbook and the bill of lading issued by the bank.

Three. Requirements for a loan to buy a car:

1.The car buyer must be at least 18 years old and have full capacity for civil conduct.

2.You must have a stable income or other assets that can be easily liquidated. Of course, the assets that are easy to realize are mainly ** or some ***.

3.During the loan application period, the car buyer should deposit no less than the amount of the down payment prescribed by the bank into the savings counter account of the handling bank.

4.Provide a guarantee approved by the bank. If the buyer's personal account is not local, a joint and several liability guarantee should also be provided, and the bank will not accept the mortgage set by the buyer.

5.The car buyer is willing to accept other conditions that the bank deems necessary.

It's still good to buy a car in installments on an online platform.

Installment payment for car purchase means that the user divides the money into several installments and gives money in monthly installments. Installment payment is a hot spot in the current automobile market, and the enthusiasm of merchants is very high, and in the current downturn in the car market, installment payment is regarded by many merchants as an effective means to seize market share.

Installment advantages.

Some time ago, merchants launched installment car sales activities, which generally require the balance to be paid within two years. Some merchants have extended the payment term to 40 months, and the monthly payment amount has been greatly reduced, and the monthly payment is only a few hundred yuan, which is more attractive to consumers. At the same time, the down payment is also appropriately reduced, and the down payment of Chang'an car of Ordnance Automobile Trade is only 3,000 yuan, and the car can be driven home with the money of a mid-range color TV.

It is still better to buy a car in installments on the online platform, of course, it mainly depends on your personal situation, if you have more money, of course, it will be lower to pay in full or pay more interest.

The difference between buying a car with a loan and buying a car in full is that generally speaking, the former has a handling fee and pays loan interest and other expenses, and the general budget is enough for me to think it is better to buy a car in full.

So installments are not cost-effective, if you need a car urgently, you can make an installment, and the rest of the money is used to invest.

The advantage of buying a car in installments is to reduce the pressure on you to buy a car, and the disadvantage is the expense of loan interest and handling fees, and the price of the car may be much more expensive than buying a car directly.

Buying a car in installments is to withdraw your future funds in advance! Therefore, the advantage is to enjoy the life of having a car in advance! The disadvantage is naturally that you are burdened with a certain amount of debt pressure, and the quality of life may decline, or the more direct impact is the need to pay interest, which increases the payment!

Buying a car in installments can reduce the pressure on your upfront payment, and it is an option for those who are short on funds.

Good installment, one: the loan to buy a car not only has a high interest, but also the loan is more complicated. Two: There is a guarantee for buying a car in installments, many people buy a car in full, but the seller promises some after-sales service and will delay you.

I think it's better to buy a car in installments, because if you buy a car in installments, there is no interest within three years, and if you take out a loan, you will have interest at any time, so I think it is more economical to analyze and buy a car.

I think that if this 4S store installment is more preferential, you can choose installment, if there is no discount, it is better to repay the loan in the bank. The difference is that some 4S stores have discounts, and they want you to complete the installment with them, but they will have more other projects, which may trick you.

I think the installment is better, the interest rate of the two is actually about the same, the biggest difference is that the procedures required are different, the loan procedures are very complicated and it is likely that it will not be approved, and the installment procedure is very simple.

Of course, it is better to install, because the economic pressure is relatively smaller. If you take out a loan to buy a car, the bank interest rate is higher.

I think the staging is good. In this case, there will not be too many hidden dangers, and if it is the former, I don't think it is cost-effective because of the interest. Not suitable for a family's commitment.

Staging it. Now the car market is not very good, all manufacturers have preferential policies, such as two years of zero interest, three years of zero interest and other policies, such as two Volkswagen, Dongfeng Nissan, Liangda seems to have preferential policies, first look at your favorite model, and then go to the manufacturer's official website or 4S store entity to ask.