How to installment if the down payment for a car is not enough? How to calculate the down payment an

If you really want to buy a car with a down payment, you can consider a low down payment and zero down payment, such as a car, 0 down payment and low down payment, and there are many flexible ways to share a car.

One is to pay by credit card. At present, many people have several credit cards on hand, and if they do not have enough cash or debit card balance, it is actually the most convenient to pay the down payment directly with the credit card. However, cardholders need to remember to inform the bank of the instalment so that they can repay the loan in monthly instalments in the future.

It should be reminded that in the credit card car purchase installment business of most banks, car buyers are allowed to use credit cards to purchase car installments, but some banks have special regulations, such as CCB's Dragon credit card car purchase installment payment, which requires the down payment to be paid in cash and debit card.

The second is to apply for an unsecured loan. Unsecured loans do not require individuals to provide collateral, as long as there is a salary flow, you can apply, as fast as 1-2

Day lending, slow 5

The loan will be released in a few days. If you don't have enough cash on hand, it's a good idea to apply for an unsecured loan that is equivalent to a down payment to cover the down payment on a car. Of course, unsecured loans do not require collateral and have relatively high interest rates, so borrowers need to carefully compare the interest differences between different lending institutions and choose their own suitable products.

Seeing this, some car buyers may have questions, since you can apply for an unsecured loan, why not directly apply for a large amount of unsecured loan and then buy a car in full, saving trouble? In fact, the reason for this is also very simple, mainly due to the following considerations: First, the interest rate of unsecured loans is high, and the cost of borrowing is high.

At present, the annual interest rate of unsecured loan products with slightly less stringent requirements for borrower qualifications is there.

More than 10%, which is generally more than double the handling fee of credit card car purchase. Those unsecured loan products with lower interest rates generally require real estate, civil servants, public institutions, and the like. For borrowers, the interest rate and amount are the core factors that determine the cost of the loan, and in the case of a certain interest rate, it is natural that the lower the amount applied, the less interest will be paid.

Secondly, there is a limit to the amount of unsecured loans that can be applied.

Precautions. If you apply for a personal unsecured loan, you can generally reach 10% of your monthly pre-tax salary

times or so. For example, if Xiao Wang's monthly income is 6000

yuan, then the amount he can be approved is around 60,000 yuan, which is not much for buying a car in full, in fact, there are not many models to choose from, just a very entry-level low-end car. All in all, in the current financial environment, there are many ways to work around if you don't have enough money for a down payment, but car buyers need to pay attention to their level of debt to avoid affecting their daily lives.

The down payment and monthly payment for buying a car installment are calculated as follows:

1. Equal principal repayment method: calculation formula: monthly payment = (loan principal:

Number of months of repayment) + (principal - cumulative amount of principal repaid) monthly interest rate; The equal principal repayment method is to repay the same amount of loan principal in each installment plus the interest on the remaining outstanding loan principal from the previous repayment period to the current repayment period.

2. Equal principal and interest repayment method: calculation formula: monthly payment = [loan principal monthly interest rate (1 + monthly interest rate) number of repayment months] [(1 + monthly interest rate) number of repayment months - 1]; The equal principal and interest repayment method is to repay the principal and interest of the loan in equal installments each period.

In addition, the loan interest to be repaid for equal principal repayment is lower than the loan interest for equal principal and interest repayment, but the repayment pressure in the early stage is relatively large.

The down payment for a car loan is 20% of the sale of the vehicle**, and will vary for different vehicles and different years. Generally, customers can apply for installment payment according to the three-year term loan. For all scientific and technological personnel, civil servants, teachers, doctors, legal representatives of enterprises, managers of large enterprises and financial system workers, they can apply for loans with a term of 1 to 5 years, depending on the vehicle type they choose.

The above is some of my understanding of the installment of buying a car, I hope I can help you.

There are two ways to calculate the monthly payment for buying a car in installments, one is the monthly payment of interest-paying loans, and the other is the monthly payment of interest-free installments; Monthly repayment of interest-paying loan = loan principal monthly interest rate + loan principal monthly interest rate ((1 + monthly interest rate) total number of repayment periods - 1); There is a handling fee for interest-free instalments, and the monthly payment is divided by the loan amount by the number of months.

With the faster pace of life and the greater pressure of life, many people will choose to pay in installments when buying a car, which can relatively reduce the pressure and provide convenience for those who cannot buy a car in full. If you take out a loan to buy a car, you also need to prepare some information, the first is to fill in the application form in person, which mainly reflects your repayment ability and personal information, and is also an important condition for the success of the loan application; In addition, it is necessary to prepare personal information, household registration book, income certificate, guarantor's identity certificate, real estate certificate, these documents must be original and photocopy. There is also a way to prove your ability to repay, you need to have a stable income, and you generally need to check the bank, Alipay and other bills for three to six months.

It is important to emphasize that husbands and wives cannot guarantee each other.

There are six installment periods for loan car purchase: 6 installments, 12 installments, 24 installments, 36 installments, 48 installments and 60 installments, with the shortest being half a year and the longest being five years; There are three types of auto loans, one is credit card installment loans, the other is bank auto consumer loans, and the last is auto finance company loans. The maximum credit card is three years, the maximum bank loan is five years, and the maximum auto finance loan is five years. You can choose different loan methods and loan terms according to your own situation.

The down payment and monthly down payment and monthly down payment are generally calculated according to 30% or given to the dealer in a certain proportion, and then the monthly payment is to divide the remaining amount of the month by the month to pay the monthly payment, but the dealer will charge a management fee, which is not included in the down payment or monthly payment, so he is about the same as interest.

Nowadays, many young people are keen to buy a car with a loan, and the pressure of buying a car with a loan will be much less, and buying a car in advance can enjoy the quality of life brought by the car in advance, but the loan to buy a car will have some additional costs compared to the full payment.

The down payment for car purchase, the down payment for car purchase is more than 20% for general bank loans, and more than 30% for general 4S stores or car loan institutions.

Purchase tax, the price of a naked car is 100,000 yuan, the standard purchase fee is 9,740 yuan.

Insurance, the vehicle on the road is inevitably to buy insurance, you need to choose the type of insurance according to the actual situation, the basic premium of the compulsory insurance for family self-use cars below 6 seats is 950 yuan, the premium of the insurance is determined according to the model, you can ask the insurance company for details.

Handling fees and service fees, some car loan institutions need to charge a handling fee, while bank loans do not have a handling fee.

Other fees for the license, generally 4S store on the license charge about 1000 yuan.

Take the Honda Fit 2021 CVT Chaoqi Edition as an example, its naked car** is 81,800 yuan, the down payment ratio is 20%, according to the 3-year repayment period, then the owner needs to pay a down payment of 16,360 yuan, and there are other payment items, such as insurance and extended warranty, purchase tax, license fees, etc. If you insure the most economical and cost-effective combination in the 4S store, that is, compulsory traffic insurance, car damage insurance, and three insurance of 1 million yuan, then at least 6,000 yuan is required, the purchase tax needs to be yuan, the license fee is 1,000 yuan, and the handling fee is yuan. Therefore, the landing of a loan to buy a car** includes a down payment, purchase tax, insurance premium, handling fee and license fee.

In this way, a naked car with a price of 81,800 yuan for the Honda Fit 2021 CVT Chaoqi Edition, a loan of 65,440 yuan, a monthly payment of 3 years, and a total of yuan for landing.

What are the requirements for a car loan?

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

2. Must be able to pay the down payment for the purchase of the car and obtain the purchase contract.

3. Have a good credit record, and no other car loan overdue information.

4. Have a stable income** and be able to repay on time.

5. Have a legal identity certificate, and some places also require mortgage items, or real estate certificates, etc.

6. Other provisions that can be met by local policies.

Many friends will choose installment loans when buying a car, so that they can not only buy their favorite models, but also will not have too much burden. However, some people may not know how to take out an installment loan, so let's take a closer look.

How to calculate the down payment for a car with a loan.

The bank has a down payment of not less than 20% and not more than 80%, and there are generally a variety of percentages to choose from. Staging usually starts in one year, and more people choose to divide it into two and three years. The above is only a general situation, and the actual financial plan provided by the dealer shall prevail.

When talking about **, the sales will give a package landing price, and if you choose the installment, it is equivalent to a loan, which will generate interest, but some stores will say that the interest is a handling fee, which is a thing anyway. Calculation formula for down payment: (package price + interest) down payment ratio, monthly payment = (package price + interest - down payment) number of periods.

How much is the down payment ratio for a car loan.

The landing price of a certain car package of a certain brand is 150,000 yuan, and the interest of the installment is 8,000 yuan

20% down payment in 24 installments totaling 158,000 (interest 8,000): down payment of 10,000, monthly payment of 5,266;

30% down payment in 24 installments totaling 158,000 (interest 8,000): down payment of 10,000, monthly payment 4,608;

50% down payment in 36 installments totaling 156,000 (interest 6,000): down payment of 10,000, monthly payment of 2,167;

80% down payment in 12 installments totaling 150,000 (0 interest): down payment of 120,000 yuan, monthly payment of 2,500.

From the above examples, it can be seen that the more cost-effective the down payment depends on the plan provided by the 4S store, and it must be that the lower the interest, the more cost-effective, and generally the higher the down payment, the lower the interest, but the high down payment may not be affordable for some consumers.

You don't need to calculate the down payment and monthly payment when you buy a car, and the salesperson will calculate it for you. The proportion of down payment in different 4S stores is different, generally you can choose 20% or 30%, and the monthly payment is the remaining money divided by the loan time. Because the car loan is handled by the 4S store promises to be interest-free, but the car owner needs to pay a certain percentage of the handling fee.

When buying a car with a loan, users need to purchase insurance in specific institutions, and the cost of purchasing insurance will be more, which is quite unfavorable to car buyers. After applying for a car loan, it is necessary to repay it on time and not to be overdue, because there will be penalty interest after overdue repayment, and the longer the time, the more penalty interest.

It should be noted that after the car loan is overdue, it will also be uploaded to the credit information center, and the personal credit will affect the handling of various loans, such as housing loans, credit loans, etc., and after the arrears are returned, this overdue record will be kept in the credit report for 5 years, and it will automatically disappear after 5 years.

When applying for a car loan, the borrower is required to submit a personal second-generation ID card, be over 18 years old, submit the bank statement of the last six months, and have a good personal credit. The above points are the basic conditions for applying for a car loan. It is important to note that when signing a loan contract, pay attention to the terms of early repayment.

The down payment of the car price of the installment loan for buying a car is the down payment ratio of the cash purchase of the car**, that is, the total amount of the down payment = down payment + insurance premium + license fee. The repayment amount of each installment of the car with an installment loan is the repayment period of the loan principal, and the interest that should be repaid in each installment = equal to the remaining principal of the previous month The monthly interest rate of the loan.

The minimum is 10%, which is 10% of the car price, and the monthly payment is the down payment divided by the number of months.

The detective buys a car, is a personal household, and can achieve a down payment ratio of 10%, which is good.

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The down payment ratio in the store is 3 percent, and the rest is divided by the month.

When a detective buys a car, he can make a down payment of 10%, which is lower than that in the store, which is good.

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The monthly payment is 30% of the price of the naked car, and the monthly payment comes according to the time chosen.

When a detective buys a car, he can make a down payment, which is good.

The down payment of 30% is included in everything, which is about half of the naked car**, for example, a 10W car is a down payment of 3W and a loan of 7W.

Detective buys a car with a low down payment and is a personal household.

It depends on what car you choose and how many installments you have, the detective can buy a Passat on the car, with a monthly payment of more than 3,000, and the pressure is not particularly great!

The down payment is calculated according to the ratio of 30%.

Detectives buy a car, can go to a private household, the down payment is 10%, the audit is relaxed, and the nearest arrangement is made.