If you pay a bill with a China Merchants Bank credit card to buy a car and divide it into 12 installments, the bank will charge at least a handling fee of about 3. Now some models can waive the handling fee, which means that if you buy a car with a loan of 100,000 yuan, , then you can save at least 3,000 yuan in handling fees. if and guaranteedlt;a href="/" target="_blank" title="gaslt;span class="k-text-14-lan="" xhx'="" style="color: rgb(0 , 51, 153); "gt; car loan' gt; Compared with car loans, a 100,000 yuan car loan can save at least about 10,000 yuan in handling fees and interest.

Advantages of using China Merchants Bank credit card to buy a car:

1. Low handling fee:

Compared with bank loans and loans from auto financial institutions, using China Merchants Bank credit cards There is no interest for buying a car in installments. Of course, the so-called zero interest rate will cost some fees, but for lower fees, it is still a better choice than the other two loan methods.

Of course, the handling fees for different models are also different. Generally speaking, the handling fee for 12 periods is between 3 and 5, and for 24 periods, it is between 4 and 7. Compared with the benchmark interest rate for bank loans with a term of less than 3 years, which is 5.4, most banks' current car loan interest rates are 10 to 30 points higher than the benchmark interest rate, and after an increase of 10 points, they are 5.94 to 7.02. This interest rate will be higher in auto finance institutions, even higher than 10.

2. Fast approval:

Fast approval is also an advantage of credit card installment car purchase. Some banks' credit card loan car purchase can be approved in as fast as 40 minutes, and the longest will not exceed 3 Oh, although the approval speed is fast, this is also due to certain limitations of credit card car purchases. Everything has its own pros and cons. We will mention the shortcomings of credit card installment car purchases later.

3. Cheap and affordable:

In addition to paying part of the handling fee, buying a car with an installment loan using a China Merchants Bank credit card is completely the same as buying a car with cash. We can understand from the dealer preferential activities that often It will be mentioned that there is a cash discount of XX million for all series, and this cash discount is only applicable to car buyers who pay in one go. Credit card installment purchase is the same as a one-time payment, whether it is a discount or a gift from the dealer when purchasing the car. right to obtain. In addition, most credit card banks have credit card points activities. After purchasing a car and swiping the card, you can exchange the corresponding point gifts at the bank. It can be said that it kills two birds with one stone.

4. Comprehensive range of brands:

The most troublesome thing about buying a car with a credit card is the choice of car model, but buying a car with China Merchants Bank’s “Cheyigou” credit card gives you a larger choice. Currently, there are 18 brands *** that cooperate with China Merchants Bank for "Car Purchase", all of which are relatively popular cars, and mainly joint venture brands, including Guangqi Honda, Dongfeng Honda, Dongfeng Peugeot, Beijing Hyundai, Changan Suzuki, Dongfeng Citroen, Shanghai Volkswagen Skoda, GAC Toyota, FAW Toyota, GM Chevrolet, GM Buick, FAW-Volkswagen, Shanghai Volkswagen, Dongfeng Yueda Kia, Beijing Benz, FAW Audi, Dongfeng Nissan, Geely Automobile. The above brands basically have cooperative dealers in the Beijing area, and the models that support credit card installment purchases are also relatively complete.

5. Super long repayment period:

The maximum repayment period for car purchases with China Merchants Bank credit card is 36 months, allowing you to easily become a car buyer.

How much money can you save by using a CMB credit card to buy a car?

For car owners, how much money can you save by applying for a credit card to pay for a car in installments with no interest or handling fees? How much money can you save by using a CMB credit card? A staff member at the card center calculated an account for us. If a bill is divided into 12 installments, the bank will charge at least a handling fee of about 3. Now some models can waive the handling fee, which means that if you buy a car loan 100,000 yuan, then you can save at least 3,000 yuan in handling fees. If compared with a guaranteed car loan, a 100,000 yuan car loan can save at least about 10,000 yuan in handling fees and interest.

In addition to saving on handling fees, the burden of buying a car is also greatly reduced by using a credit card, because the down payment generally only requires more than 30 yuan. That is to say, a car that originally required a full payment of 100,000 yuan can now be purchased directly with a down payment of 30,000 yuan. Just drive the car home and then pay back a few thousand yuan a month on a loan of tens of thousands yuan.