1. What are the conditions for interest-free installment purchase of a car?
1. People who apply for interest-free car loans need to be over 18 years old, have certain civil capacity, and also need to bear certain legal responsibilities.
2. Applicants need to have a stable income. This is an important basis for banks to decide whether to lend to them.
3. Applicants need to have good credit and of course have a certain ability to repay the loan. Study hard and study hard!
2. How much is the interest-free loan handling fee for car purchase?
How to calculate the interest-free handling fee for car purchase? Taking a car with a total price of 120,000 as an example, the down payment of 40 is the maximum loan mortgage rate. The bank stipulates that the down payment is 50,000 yuan, calculated in installments, the monthly repayment is 70,000/12=5,833 yuan, and the handling fee is 700,003.5=24
If you choose an interest-free car loan, the total cost of buying a car is 122,450 yuan. If you choose a one-year car consumer loan, the total cost plus the loan interest is 700007.47 = 5229 yuan. It is not difficult to see that buying a car with an interest-free loan is more affordable.
There are many requirements for interest-free loans. Generally speaking, if you buy a car with an interest-free loan, the total car payment will increase by a certain percentage. The price of a cash car purchase and a loan car purchase cannot be the same. of.
In addition, in order to reduce risks, banks usually require you to purchase some car insurance as a condition of the loan in the car loan contract. Some insurance may not be of much use in the future use of the vehicle, so deal with it.
3. What are the procedures for interest-free car loans?
First of all, when purchasing a car through a bank loan, the car buyer is required to apply for a guarantee, register the vehicle mortgage, pay a certain deposit, and pay related handling fees.
Secondly, you need to submit various supporting materials such as proof of work income, proof of assets and liabilities, and proof of marital status required for mortgage guarantee.
How to calculate the interest-free handling fee for car purchases:
Take a car with a total price of 120,000 yuan as an example. The down payment is 40 yuan, which means the maximum loan amount is 72,000 yuan. Generally, according to bank regulations, the down payment is 50,000, and the total installment amount is 70,000. Calculated based on 12 installments, the monthly repayment is 70,000/12=5,833 yuan, and the handling fee is 700,003.5=2,450 yuan.
If you choose an interest-free car loan, the total cost of purchasing a car will be 122,450 yuan. If you choose a one-year car consumer loan, the total cost plus the loan interest 700007.47 = 5229 yuan, then the total cost of buying a car is 125229 yuan. In this regard, it is not difficult to see that interest-free loans can be used to buy a car.
Required materials:
1. Personal identity certificate: ID card, residence permit, household register, marriage certificate and other information;
2. Provide stable Proof of address: such as house rental contract, water and electricity payment slip, property management and other related certificates;
3. Provide proof of stable income source: bank statement, labor contract, etc.;
IV. What are the procedures for buying a car with an interest-free loan
The following focuses on the zero-down payment and interest-free loan to buy a car under the three types of loans: credit card installment, car company finance company loan and bank loan.
1. Auto finance company loans
In recent years, auto finance is being regarded by auto companies as a magic weapon to rescue the sluggish auto market. Some time ago, some auto finance companies even launched a zero-down-payment, interest-free loan business to buy cars. Some car companies without financial companies also actively cooperated with banks to launch various preferential loan businesses. The trend of zero-down payment, interest-free loans to buy cars continues to be popular. However, if you enjoy zero down payment and interest-free loan to buy a car, car buyers generally cannot enjoy the dealer's car price discount.
2. Credit card installment car purchase
The credit card installment car purchase service that has emerged in recent years is an auto finance service jointly developed by card-issuing banks and automobile companies. Depending on the product, its The maximum loan amount can reach 200,000 yuan, which can be repaid in 12, 18, or 24 installments. Generally, there is no interest, and only a handling fee of 3.50-10% of the installment amount is charged. Some promotional products even waive the handling fee.
The bare car price of a credit card installment car purchase is generally based on the actual quotation in the mall, and does not need to be based on the company's guide price. Some products with zero handling fee are actually equivalent to the car dealer paying the handling fee, so there is no discount at all in the car purchase price, and the purchase must be based on the manufacturer's guide price. Car buyers should weigh carefully when purchasing.
3. Bank personal car loan
This is a guaranteed loan provided by the bank and the car seller to provide the funds required for the one-time payment of the car payment to the car buyer, and jointly with insurance and notarization organizations to provide Car buyer provides insurance and notarization. The car loans of major banks basically follow two lines: one line is direct-to-customer car loans. Customers who want to borrow money to buy a car can directly contact the bank branch and go to the bank to handle the related loan business. The other line is cooperation with 4S stores. Customers buy cars at 4S stores. If the customers need a loan, the 4S stores will directly introduce them to the cooperative bank. Direct-to-customer car loans are more complicated in terms of procedures, but the fees are lower.