1. Is it cost-effective to buy a car by installment with a credit card?

The advantage of buying a car by installment with a credit card is that the procedure is very simple. Just take your credit card to pick up the car directly, and you don't have to be so troublesome as buying a car by installment.

second, is it cost-effective to buy a taxi with a credit card loan?

it's a good deal if you can repay the loan in a short time.

Buying a car with a credit card loan is nothing more than the installment business provided by a credit card. Generally speaking, the installment fee rate of a credit card is at least 2.7% for the third installment, 4.5% for the sixth installment, 7.2% for the twelfth installment and 14.4% for the 24th installment. The longer the term, the higher the interest rate, and the more fees you have to pay.

Advantages:

1. Simple procedures and short approval time.

2. There are preferential activities for buying a car by installment with a credit card.

Disadvantages:

1. The repayment period is relatively short, and the longest is generally no more than 3 years.

2. The applicant's past credit rating is required.

3. There are restrictions on the types of cars that banks can borrow from credit cards.

4. Credit card loans can't be used for the down payment of car purchase.

third, who is more cost-effective than the credit card installment car loan?

credit card installment is based on the fact that your credit card has the overdraft limit as high as buying a car

4. Is it cost-effective to buy a car with a credit card loan

Compared with other installment car purchase methods, the most obvious advantage of a credit card is convenience and peace. Credit card is a credit loan, and no collateral is needed. As long as the applicant has enough information to prove his repayment ability, he can apply. Moreover, buying a car by stages with a credit card can also help you break the pressure of centralized payment, allow you to flexibly allocate limited funds, maximize the efficiency of using limited funds, and enjoy the most fashionable life in advance. Of course, there are advantages and disadvantages. The price of buying a car by installment with a credit card will be higher than that of buying a car at one time, that is, consumption cost will increase. Although the payment can be divided into different stages, it seems that the amount paid each time is not much, but in fact the principal paid has greatly increased. The annual interest converted from the cost of car purchase by credit card installment is higher than the cost of car loan. How to borrow money to buy a car with a credit card: 1. Apply for a car by installment. Go to the dealer designated by China Construction Bank to select the vehicle to be purchased, then show your ID card, credit card and other relevant documents, fill in the installment purchase application form, and wait for the bank's approval. Then, pay the down payment. After submitting the application materials, CCB will generally inform the applicant of the approval results by phone within 3-5 working days. If approved, CCB will pay the down payment to the dealer and handle insurance and other related procedures. 2. swipe your card to pick up the car. After paying the down payment, the dealer will submit your application materials to the bank. Generally, your credit card will be withdrawn within 2 working days, and then you can swipe your card at the dealer to pick up the car. The process of buying a car with a credit card seems simple, but every step is important. Finally, remember to repay the loan on time and never overdue.