1. Which card is more cost-effective to use when buying a car?

What credit card is most cost-effective to use to buy a car?

Currently, there are only 5 commercial banks in China that can handle credit card loans for car purchases, namely: China Merchants Bank, Bank of China, China Construction Bank, and Minsheng Bank and Bank of Ningbo. Credit card installment car purchase is a car consumption behavior launched by banks for cardholders. Consumers can apply if they meet the conditions.

China Merchants Bank has launched the "Car Purchase Easy" business. As long as they are credit card holders of China Merchants Bank, they can apply for this loan service. However, only long-term card holders who have been invited by China Merchants Bank or have been certified In order to pass the loan approval (the card must have been held for at least 1 year, with no bad credit record and a credit limit of at least 5,000 yuan)

Bank of China has "Che Loan Tong". Currently only available to BOC series credit card customers of Bank of China. There are 9 brands available for purchase, and the number of brands involved is slightly less than that of China Merchants Bank. Currently, Bank of China offers 12-term and 24-term loans, with a down payment of at least 30 RMB of the car price. Although the business is relatively "rigid", its handling fees are relatively low.

The "Dragon Card Installment Payment" business launched by China Construction Bank is currently only open to customers with China Construction Bank's "Dragon Card Credit Card" to purchase cars on loan. There are only 6 brands that can be purchased with this card. Although there are fewer brands, it is easier for card holders to pass the review, which expands the scope of people who can apply for loans to purchase cars.

The "Car Purchase Pass" business launched by Minsheng Bank has just been launched, and there are not many brands, only 4. In order to attract customers, the "Car Purchase Pass" service allows a minimum down payment of 20% of the car price, further lowering the threshold for car purchase.

2. Which bank is best for credit card loans to buy cars? Eight major credit card installment car loan competition

1. Bank of China's "Chedai Tong" provides car loans of up to 80% for domestic cars and 70% of the price for imported cars; the installment period can be There are three options: 12 issues, 24 issues and 36 issues. For different car models, Bank of China sets different installment car purchase service fee rates. The lowest service fee rates for 12-, 24-, and 36-car installment purchases are 4, 7, and 10. In addition, some models can receive a first-year handling fee exemption. It is worth mentioning that according to the characteristics of credit cards, Bank of China’s “Che Loan Tong” business has also arranged an interest-free period plan for each monthly repayment plan, which can last up to 50 to 56 days. When car buyers encounter problems when repaying the loan, If you are under pressure, you can use the interest-free period to postpone your loan repayment plan. ? ICBC Peony Credit Card car purchase installment payment has many advantages: more favorable installment car purchase fees than peers; 30 car down payment, up to 1 million yuan; self-selected loan term of 1-3 years; extensive cooperation with car dealers; no career restrictions , No account limit; no need to mortgage real estate; no guarantee fees, no deposits, and no management fees. The installment payment procedure for car purchases with Peony Card is simple and the rates are low. First, it provides one-stop service, and the entire transaction can be completed in as fast as 3-5 working days. Second, you can repay through any ICBC outlet. Telephone banking and online banking transfers and remittances are more convenient. Third, you can choose different repayment terms based on your own repayment ability, with the minimum being one year (12 periods) and the maximum being 3 years (36 periods). Fourth, if you choose the ICBC Peony Card car purchase installment service, you can also enjoy preferential rates. The monthly repayment amount for car installments purchased with the China Construction Bank Dragon Card will be included in your statement. You only need to repay according to the amount listed on the statement. The repayment method is the same as general consumer repayment. Business details: (1) China Construction Bank provides 12-period (one-year) and 24-period (two-year) car purchase installment services. (2) The installment amount range for car purchase is 20,000-200,000 (the installment amount range is different according to different models. For details, please click on the "Cooperating Models" column or consult). China Construction Bank will decide whether to pass the approval and the approved amount based on the cardholder's credit record and consumption behavior. (3) The minimum down payment ratio is 30% of the net car price (the down payment ratio varies according to different models. For details, please click on the "Cooperating Models" column or consult), and the down payment must be paid in cash or debit card.

(4) Cardholder handling fee = installment amount × cardholder handling rate (the handling fee will be included in the first monthly bill after the installment purchase). (5) Cardholders who apply for Long Card car purchase installments need to insure against total vehicle theft and vehicle loss insurance. The insurance period is consistent with the installment period. The first beneficiary of the insurance is the car owner himself. (6) If the installment amount is not divisible by the number of repayment periods, the system will automatically round up the repayment amount of each period. Dragon Card Installment Car Purchase Processing Guide 4. China Merchants Bank’s “Car Purchase Easy” and “Car Purchase Easy” mean that China Merchants Bank increases the installment limit of the credit card based on the credit card holder’s credit status to satisfy the card holder’s installment purchase of designated brands at designated dealers. car demand. Cardholders only need to bear a certain handling fee to repay the car purchase amount in monthly installments, which is a new car loan model that fully reduces the repayment pressure. Business details: 1. The total installment amount of Chegouyi business ranges from 30,000 yuan to 200,000 yuan (according to different models, the installment amount range is different, please consult the local dealer for details), the cardholder can pay within the installment limit (must Call for enquiry) Select the total installment amount (must be an integral multiple of 5,000). The amount is determined by your credit card limit, credit status and credit card usage. 2. The minimum down payment ratio for car purchase is 30% of the car purchase price (the down payment ratio will be different according to different models, please consult for details), and the down payment amount must be paid by non-China Merchants Bank credit card payment method. 3. The Chegouyi service provides 12 (monthly) and 24 (monthly) installment services. The handling fee for 12 (monthly) installments is 7. The total handling fee = total installment amount × handling rate (the handling fee is included in the first installment bill after the installment purchase of the car) ). 4. Three types of insurance must be purchased to participate in the car shopping business: 1. Theft and rescue insurance (the full price of the car is insured); 2. Third-party liability insurance (not less than 200,000); 3. Car damage insurance (insured amount × 80gt ; = installment amount), and the number of insurance periods cannot be less than the number of installments. 5. The first beneficiary of the insurance is the Credit Card Center of China Merchants Bank Co., Ltd. When the insurance compensation amount is not more than 5,000 yuan, the insurance company can directly pay the cardholder without authorization from China Merchants Bank. 6. If the total installment amount is not divisible by the number of repayment periods, our system will automatically round and split the repayment amount of each installment, and the total repayment amount will remain unchanged. 7. The specific purchase price of the vehicle will be determined directly by the cardholder at the designated dealer store in accordance with the normal car purchase process. China Merchants Bank Credit Card Car Loan Cooperation Model 5. Minsheng Bank "Car Purchase Pass" Minsheng Bank "Car Purchase Pass" Car Loan'gt; Car loan is an installment car purchase service provided by China Minsheng Bank to credit card holders. The convenient car loan method can help Cardholders save themselves a lot of trouble. The total installment amount of the car purchase service ranges from 20,000 to 600,000 yuan. The minimum down payment ratio is 30% of the car purchase price. 12 (monthly) and 24 (monthly) installments are provided. Cardholders can choose a suitable car loan plan based on their actual situation. 6. Bank of Ningbo's "Love Home Installment" Bank of Ningbo's credit card installment business for some car brands - Bank of Ningbo Love Home Installment. According to reports, consumers who purchase cars through Ningbo Bank’s credit card installment business do not need to pay interest, as long as they pay a certain handling fee on schedule. "Love Home Installment" handling fee details: 6, 12, 18, 24, 30, and 36 installment payment handling fees are respectively,,,,,. Note to consumers: Ningbo Bank Love Home Installment is only for cardholders 7. Guangfa Bank credit card car loan Guangfa Bank credit card car purchase is a credit card installment business of Guangfa Bank. The most significant advantage of Guangfa Bank credit card car purchase is its low cost. , credit card installments have a greater advantage. The credit limit that cardholders can apply for is 20,000-200,000; there are three types of installments: 12 months, 24 months, and 36 months; there is no expected annualized loan for credit installment purchases. Regarding interest rates, China Guangfa Bank only charges handling fees, and the handling rates for different installments vary.

8. The Bank of Communications' e-Car Loan and Bank of Communications Credit Card's e-Car Loan products have optimized the process to meet the needs of car buyers. Car buyers can apply for a loan limit in advance from the bank when selecting the target car model, and the bank will provide it to the car purchaser after approval. The amount of credit available within a certain period of time. After signing the car purchase contract, car buyers can apply for loans on their own in real time, and swipe their card to pick up the car at a 4S store designated by the Bank of Communications. The car purchase procedure is exactly the same as that of a full-pay car purchase, and there is no need to wait. The competition of the eight major credit card installment car loans is preceded by a detailed introduction to the credit card car loans of the eight major banks. You may not be able to make an accurate judgment on which of these credit card car loans are better. I believe everyone will understand at a glance through the comparison of some data below. 1. Comparison of rates. Except for China Merchants Bank and Bank of Ningbo, which clearly stipulate the number of periods and handling rates, the number of periods and handling fees, expected annualized interest rates and other fees for other banks' installment car purchase business need to be determined according to the car model.

2. Comparison of various data

3. Is it better to buy a car with a credit card loan or a loan from a 4S store?

Basically, the interest rate for buying a car with a credit card loan is It's better to have a cooperative relationship; but you can also shop this, because some 4S store manufacturers offer discounts