The car loan is more cost effective 10, and the car loan is more cost effective

This depends on individual circumstances. In the first case, the monthly interest should be 12,477 yuan, and the interest for three years should be 49,200. The second monthly payment is 1766, and the principal is 40w and the interest is 63600 at the end of three years.

If you are doing business with money, it is recommended to choose the second option, and you can leave liquidity on hand. However, it is necessary to prepare the principal repayment in advance before the three-year period expires.

If you usually have sufficient liquidity on hand, you can choose the first option.

In addition, if you are considering early repayment, it is recommended to choose the second option.

There are many car loan options, and you have to choose according to your actual situation!

Friend! The annual interest rate can be deposited at any time, which bank is the financial management, please introduce it to me ......There are more than 1.3 million talents on hand.

Refers to a loan granted by a lender to a borrower who applies to purchase a car. Auto consumer loan is a new type of loan guaranteed by banks to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loan refers to the ratio of the loan amount and the principal amount issued by the bank to the consumer, that is, the borrower, for the purchase of a car for self-use (a family car or a commercial vehicle with less than 7 seats (inclusive) for non-profit purposes).

The higher the interest rate, the greater the amount of repayment the consumer will have. The term of a consumer loan is generally 1-3 years, and the longest is not more than 5 years. Among them, the loan term (including extension) of second-hand car loans shall not exceed 3 years, and the loan term of dealer car loans shall not exceed 1 year.

Now the normal car loan bank and financial interest of about 10, so it is very high, the bank lends to the enterprise interest only, some cars are interest-free and interest-free for one year, but this kind of car is generally mentioned, are cash concessions of 250,000 yuan, such as mini cooper, but if interest-free, it is not preferential cash, so interest-free, for the price of the car, almost, non-cash preferential cars, basically not interest-free, some cars with little interest, even only 2, than the deposit rate of the car is there, However, the range of cash discounts has also decreased at the same time, so this is a relationship between three and four, interest-free and cash discounts can only choose one of the two, buy a car or can be full in full, if you can't pay at one time, you can receive interest-free installments.

In fact, whether it is a loan to buy a car or a full purchase of a car, it has its own advantages and disadvantages.

1. The advantage of buying a car in full: saving money.

First of all, you don't have to pay interest when you buy a car in full; Secondly, if you buy a car in full, you can participate in the cash reduction activities of automobile merchants, which can be reduced by a few thousand yuan or tens of thousands of yuan.

Second, the disadvantages of buying a car in full: the burden is large.

Now even the cheapest cars cost tens of thousands, some even hundreds of thousands, millions. Such a sum of money is still a lot of money for salaried people, and the burden is indeed a bit big.

3. Advantages of taking out a loan to buy a car: making money.

First of all, cars do not have the potential to increase in value like houses, cars are consumables and depreciate quickly, and the depreciation rate for a new car is roughly 20% a year. Therefore, it is better to take out a loan to buy a car and use the remaining money that should be planned in advance for the full purchase of the car to "make money". Second, inflation will depreciate the value of money, and if you choose to take out a loan to buy a car, you can reduce the loss of this part of the depreciation by using the remaining money that should be planned in advance for the full purchase of the car.

Although you need to pay interest on a loan to buy a car, the income from financial management is generally higher than the interest.

Fourth, the disadvantages of taking out a loan to buy a car: spending more money, there are many traps.

First of all, you have to pay interest on the car with a loan, so you will pay more than you would pay for the car in full. In particular, when applying for an auto finance company loan, the borrower will be required to purchase a supporting car insurance, etc. Secondly, because there are more and more people taking out loans to buy cars, some ** people are also swaggering around under the guise of "low-interest rate car loans", and there is no scum left who will be deceived if they are not careful.

Therefore, I would like to remind everyone that it is better to choose a formal lending institution when choosing a loan to buy a car.

Which is the best deal, the car loan or the full payment? When is it the most cost-effective to take out a loan to buy a car?

Direct car loans.

It is to take out a loan first and then buy a car, which reduces the link of 4S shop in the middle, and you will have a discount if you buy a car in full. The back-to-back passenger car loan is a loan after buying a car, which has increased a lot of fees, and it has not been fully discounted.

Souqian reminds you: In general, there is a big difference between buying a car in full and buying a car with a loan, such as: Infiniti is 10,000 in full and the loan amount is 10,000.

The same is the same, it is all a loan to buy a car.

The car purchase loan is handled as follows:

1.The applicant chooses a car in a 4S store, negotiates with the dealer**, pays a down payment, and then signs a car purchase contract;

2.Take the car purchase contract, ID card, and real estate certificate to the loan bank, fill in the loan application form, and submit materials;

3.The bank accepts the loan application and reviews and evaluates the application;

4.Sign a loan contract with the applicant after approval;

5.The applicant should cooperate with the lending bank to complete the follow-up procedures, including mortgage registration and notarization;

6.The lending bank transfers the money to the account of the car dealership, and the applicant picks up the car at the shop in 4s.

Extended reading] A car loan is a loan issued by a lender to a borrower who applies to buy a car. Auto consumer loan is a new type of loan method in which banks provide RMB guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loan refers to the ratio of the loan amount to the principal amount of the bank to the consumer, that is, the borrower, to purchase a car for his own use (a non-profit family car or a commercial vehicle with 7 seats or less).

The higher the interest rate, the greater the consumer's repayment.

The conditions required for a car loan are:

1.Have a valid identity document and full capacity for civil conduct;

2.Proof of fixed and detailed address;

3.Have a stable job and have the ability to repay the principal and interest of the loan on time;

4.Personal social credit is good;

5.Hold a contract or agreement for the purchase of the car approved by the lender;

6.Other conditions stipulated by the cooperating organization.

Car Loan Process:

1.Lead customers to choose a car at a special dealer of the bank and sign a car purchase agreement or contract;

2.The borrower applies for a personal car mortgage loan from the lending bank;

3.Sign the contract after the investigation and approval;

4.Handle car notarization, mortgage and other procedures.

5.lenders for loans;

6.After the loan is repaid, the lender cancels the pledge certificate and returns it to the customer.

Potential borrowers.

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

Term. The term of a consumer loan is generally 1-3 years, and the longest is not more than 5 years. Among them, the loan term of second-hand car loans (including extensions) shall not exceed 3 years, and the loan term of dealer car loans shall not exceed 1 year.

1.Installment purchase by credit card: If the borrower chooses to buy the car in installments with a credit card, the more cost-effective way is to buy a specific model.

Many car companies will choose to cooperate with banks when selling cars, and users who hold bank xx credit cards will have certain discounts and discounts when purchasing specific models.

Buying a car in a store: When buying a car in a 4S store, you usually need to apply for a loan with the auto financial institution designated by the 4S store, and it is less likely that you want to save money on loan products. But borrowers can save money from other places where they buy a car from a 4S store, such as refusing to buy any maintenance products from a 4S store, not buying car insurance, GPS, etc. at a 4S store.

3.Bank loan: There are two ways to apply for a car loan at the bank, one is an unsecured car loan, and the other is a car mortgage.

Borrowers are advised to opt for a car mortgage because the mortgage has a lower interest rate and a higher loan amount. However, the disadvantages of mortgage loans are that they take a long time to approve and disburse loans slowly, which is more suitable for car buyers who are not in a hurry.

Extended Materials. 1.Auto Finance Companies:

The biggest advantage is convenience and low barrier to entry, and companies are generally invested and created by automotive companies. Its "convenience" is not only reflected in the fact that you can apply directly through the 4S store, but also that it has no requirements for hard conditions such as household registration and real estate.

2.Credit card installment car purchase: The most significant advantage is the loan interest rate, which is half the lower than the traditional bank car loan interest rate. Common credit cards can be applied for, and the models are also cross-brand, with a wide range of choices. The premise is that a higher credit limit is required to enjoy it.

3.Bank car loans, banks are under the pressure of tightening credit scale, car loans and other consumer loan business has been greatly contracted, and some low-end car loans have been temporarily closed. The biggest advantage is that there is a wide range of choices, and car buyers can go directly to the bank to apply for personal car consumer loans after fancy the model.

However, the procedures for the qualification review of borrowers are very complicated, and it is generally necessary to provide real estate (such as real estate) as collateral, and some banks can use the car itself as collateral for high-end customers or high-end models, but compared with other car loan methods, the approval time period is very long. In terms of loan interest rates, the interest rate of auto mortgage loans is generally about 10% higher than the benchmark interest rate of banks in the same period. Most car loans require a guarantee company or car guarantee insurance, and the car buyer also needs to bear a guarantee fee of up to 3%.

All the fees combined, the comprehensive cost of a bank car loan is the highest among the three methods.

Nowadays, the transportation in the city is becoming more and more convenient, and many people will choose to buy a car as their means of transportation. Now it is very convenient to buy a car, there are all kinds of types and brands of cars, and we can also choose a loan when buying a car, as long as we pay the down payment, there is not much pressure on the monthly payment, and it is not difficult to buy a car that you like, a slightly more expensive car.

Nowadays, there are several forms of loans to buy cars, such as credit card loans, bank loans, and auto finance company loans. But at this time, some people will ask, which is the most cost-effective car loan? Let's take a look.

1. Credit card loans

I believe that many people will have a credit card now, and the advantages of using a credit card to get a loan to buy a car are fast, simple, and low threshold. When we apply for a credit card, the procedures are relatively simple, and the review threshold is not particularly high. Many credit card products have their interest-free period, and car buyers will not have to pay interest if they pay the monthly bill amount in full and on time.

However, it should be reminded at this time that the interest-free period and the handling fee are two different charges. When applying for installment, the bank does not charge interest, but it will charge a certain handling fee. The handling fee varies depending on the number of instalments of the bill, and the expected annualized interest rate and collection method vary from bank to bank.

I would also like to remind car buyers that many banks now have their own car credit cards and car co-branded credit cards, and you can also enjoy greater discounts and discounts when using these credit cards to apply for car loans.

2. Bank loans

The down payment of a bank loan can be as low as 20%, so it is called the choice of most prospective car owners who take out a loan to buy a car. In addition to this, banks can apply for large loan amounts, low expected annualized interest rates, and long repayment periods. The most important point is that banks can apply for car loans without restrictions on models and car dealers, which greatly increases the choice of car buyers.

There are many benefits, but it is not so easy to approve it. Not to mention that it takes a lot of materials to prepare, and the most terrible thing is that after you spend most of the day going through the process, you still can't apply for a loan.

3. Auto Finance Company Loans

Not all car brands have their own auto finance company. At present, there are no more than 15 auto finance companies in China. For example, Dongfeng Nissan.

The biggest advantage of an auto finance company is that it does not require any guarantee from the car buyer with a loan, as long as it has a fixed occupation and residence, a stable income and repayment ability, and a good personal credit. The loan amount is basically the same as that of the bank, and the procedures are relatively simple and the approval speed is also fast. At the same time, individual auto finance companies are now flexible in repayment, and can choose the loan method that suits them according to their own financial situation.

Is it cost-effective to get a car loan? If the economic conditions allow, it is still more recommended to buy the car in full. A car loan is a loan issued by a lender to a borrower who applies to purchase a car, also known as a car mortgage.

As a thing that is very easy to depreciate, the car is not the same as the house, and the house in China's first-tier and some second-tier cities is higher the longer it ages, and the faster the car depreciates with the growth of the years. Buying a car with a loan is not like buying a house with a loan, the house is currently considered an appreciating asset, while the car is your liability. From the point of view of **, the same loan, after 10 years, the house is still your fixed asset, and maybe it will increase in value; And a car of 150,000 yuan will depreciate by 20% in a year, and after 10 years, let alone whether it is worth 20,000 yuan.

Generally, for those who choose to take out a loan to buy a car, the purchase price of the car must account for the vast majority of the family's disposable funds. According to the general 10-200,000 car**, the daily expenses after buying a car are evenly spread to about 1,000 yuan per month, plus the monthly interest payable after the loan, the monthly salary can reach at least 10,000 yuan, so as to have a more comfortable life guarantee. Therefore, if you really need to use a car, it is recommended not to take out a loan to buy a car.

If you buy a car, you can find a bank to take out a loan to cash first, and directly find a 4S store to buy a car in full! Don't be fooled by 4S in order to save thousands of yuan in interest, spend tens of thousands of extra fees and insurance money, and drive a car that is not your own for several years.

Millions of car purchase subsidies.