1. Is it more economical to use a loan or a credit card if the difference between buying a car and buying a car is tens of thousands?

Credit card 5%, loan is not that high. It's definitely a good loan.

2. Is it more cost-effective to buy a car with a loan or a credit card?

Whether it is more cost-effective to buy a car loan or to use a credit card, from the perspective of interest rates and short-term repayment, it is definitely more cost-effective to use a credit card, but for the long term, it is more appropriate to choose a bank loan.

Take Industrial and Commercial Bank of China as an example of loan interest rates. For short-term loans of 6 months to one year, the interest rate is 4.35%, while for long-term loans of more than one year, the interest rate is 4.75%-4.9. %, and for ICBC credit cards, the first three installments are free of charge, while the six installments are around 1.8%, and the 24 installments are 15.6%. Of course, different banks have different loan base interest rates and credit card handling fees.

It can be seen from the above that if the car purchase can be repaid in the short term, it is more cost-effective to use a credit card. If it is long-term, bank loans are a good choice. Secondly, credit cards also involve the issue of limit. Therefore, consumption can only be made within the limit. It is more convenient to use a credit card to buy a car without having to go through the cumbersome bank procedures. You also have the opportunity to participate in the merchant's car buying activities. However, credit cards are suitable for people with high repayment ability in the short term. Otherwise, only If you are under pressure to repay in the short term, it is still recommended to use loan channels. Although loan approval is more troublesome, the loan time is relatively long, the interest rate is relatively low, and the cycle can be flexibly selected. , you can also save a lot of interest if you repay in advance, which will have less impact on your life. However, whether it is a bank loan or a credit card, it is very important to maintain a good credit record and repay on time.

The above is my opinion. If you have any different opinions, please point them out in the comment area. If you like it, remember to like and follow!

3. Can I use a credit card to buy a car?

I can use a credit card to buy a car. There are two ways to use a credit card to buy a car: one is to use a credit card to buy a car in installments, and the other is to use a credit card to pay in full.

1. Use a credit card to buy a car in installments and apply at a car loan dealer;

2. Pay the full amount with a credit card. After payment, you can apply to the bank according to your financial situation. Apply for installment repayment. In addition, full payment requires your credit card limit to be higher than or equal to the car price.