The difference between credit card zero interest rate and car loan fee-free for car loan

The difference between credit card zero interest rate and car loan fee-free

Take China Merchants Yichegou as the Example:

To purchase Harvard H6 Sports Elite Edition with a 0-interest loan, the fee is 30:37,140 yuan, and the loan is 86,660 yuan.

The handling fee is 14% of the loan amount, and a 10% discount is 12.6? Handling fee 86660x12.6=10919.16

Repay 2407.2 yuan per month

The first cost is 54454 10919.16=653.73 million, the total cost is 141,114 (full purchase of the car) 10919.16=152033 yuan

If calculated as a 0-fee loan, the handling fee is 0, the three-year interest rate is 6.65, and the monthly cost is 2,662 yuan

The first cost is 54,454 thousand

The total cost It is 141,114 (full payment for the car) [2662-(86660/36)]x36=150,286 yuan

From this point of view, Yichegou’s zero-interest loan is very unreliable, and the first cost is high. The total payment is also high.