Buying a car has become more and more popular, but it is still difficult for people who don't have much money left. At this time, everyone thought of buying a car with a credit card. So, how to use CCB credit card to buy a car is the most cost-effective?
Speaking of buying a car with a CCB credit card, there are only two ways: one is to buy a car in full with a credit card, and then make the bill into installments; Second, apply for installment business directly with CCB credit card. So, which way is more cost-effective?
1. Number of periods: the number of billing periods is 3, 6, 12, 18, 24; Buy cars by stages, 12, 18, 24, 36, 48;
2. In terms of the rate, the handling fee of the bill and the installment fee are fixed and not low, while the installment car purchase often has preferential activities, and the handling fee is exempted, and the interest is charged at five ten thousandths of the daily overtime.
The above is an analysis. How to use CCB credit card to buy a car is the most cost-effective for your reference.
, you can handle all kinds of credit cards quickly and safely.
How to calculate the installment plan for buying a car?
1. Interest-free installment
Generally, there is no interest for handling fees, and the monthly payment is to directly divide the loan amount by the number of months.
2. Interest-bearing installment payment
Car installment calculation, car loan calculation is based on the initial loan amount, according to the bank contribution rate when signing the contract. If the bank interest rate changes during the repayment period, it will remain unchanged for one year as the interest rate is adjusted.
The monthly repayment method is adopted, and the calculation formula is: monthly repayment amount = loan principal × monthly interest rate × monthly interest rate /(( 1 interest rate) × total repayment periods-1).
Total down payment = car price × down payment ratio; Car purchase expenses (basic expenses, insurance expenses and other expenses); Total loan = new car purchase price-car price × down payment ratio.
How to calculate the repayment when buying a car by installment with a credit card?
Users apply for car loans from banks. After the approval of the bank, the bank will issue a credit card to the user. This credit card is used to pay back the car loan every month. Banks generally don't accept car loans, but they have the business of buying cars by credit cards, that is, buying cars by credit cards, so they use credit cards as repayment bank cards. This is a car installment business handled by credit card, which can also be understood as similar to car loan. It means that the credit card has approved a large amount of special installment payment, and it can be repaid directly to the card without activation. The credit card letter will indicate the billing date of each month, and the repayment date of each month is the 20th day after the billing date. The repayment date of each month is fixed. When the first month's bill is issued, you should receive a text message to remind you to repay it.
In addition, users must pay back their credit cards on time every month. Unless there is an agreed grace period for repayment, there will be a credit report on the overdue day.
First, the credit card installment car purchase process
(1) filing an application. After you are optimistic about the vehicle to be purchased, fill out the Application Form for Automobile Consumption Loan and the Credit Status Questionnaire, and submit them to the loan bank together with the relevant certificates of personal situation.
(2) The bank conducts pre-loan investigation and approval. If the loan conditions are met, the bank will promptly notify the borrower to fill in various forms.
(three) notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures.
(4) Loans issued by banks (directly transferred by banks to the account of automobile dealers).
(5) The borrower pays the down payment to the car dealership, and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
2. Materials required for car purchase by credit card installment:
1. Apply for a credit card first;
2. Give you a loan to buy a car according to your credit history (that is to say, you have to activate the card when you get it, then use it for a while, swipe your card frequently, and then pay back the money on time. Don't fail to pay back the money. Good credit record);
3. Each bank cooperates with the designated car dealer, which means that you can only choose the car brand provided by the bank, and then choose the loan period according to your own economic situation (only 1 year, 2 years, 3 years);
4. Then go directly to the bank outlet to find the account manager, who will handle it for you, usually within 15 working days.
Can I buy a car with a credit card?
Of course.
Nowadays, many people use credit cards to buy cars, and many banks also offer credit card installment discounts. However, the credit card installment introduced by the bank is different from buying a car with a credit card. Banks can pay zero interest and zero handling fee for this installment within one year.
Buy a car directly with the amount in the credit card, and then apply to the bank for installment repayment, so the monthly interest is very high. This way of buying a car is really not recommended.
Matters needing attention in buying a car
For most people, a suitable brand is very important. For example, some people like Japanese cars, some people like German cars, some people like domestic cars, and some people like unpopular Korean and French cars. Each car series has its own unique highlights, and we need to find our favorite car brand.
Models can be divided into cars, SUVs, MPVs, crossover cars, hatchbacks and so on. We need to choose the most suitable model according to our personal needs and preferences. For example, individuals can choose a small and flexible hatchback, family users choose an SUV with a large space, and families with a second child can choose a father model such as MPV.
Who will bear the handling fee for buying a car with a credit card? You'll know after reading it
As we all know, buying a car by swiping a credit card belongs to personal consumption and conforms to the bank's regulations on the use of credit cards. However, there will be a handling fee for swiping a credit card, and it has always been controversial who will bear this fee. Today we will talk about it.
1. Who will bear the handling fee for buying a car with a credit card?
Credit card swiping usually refers to swiping POS machines, and the handling fee rate of POS machines is actually borne by merchants according to regulations, that is, after customers swipe their cards, UnionPay will deduct the handling fee from the percentage of the transaction amount in the swiping amount at the time of settlement, and then transfer the remaining money to the merchant's account, so it is also the same for swiping credit cards in 4S stores to buy a car.
However, since the fee reform in 1996, many 4S stores are unwilling to bear the handling fee. After all, before the fee change, the credit card handling fee can be capped. No matter how much money is spent, the highest single processing fee will not exceed that of 40 yuan, and there will be no great pressure on the 4S shop to bear the processing fee.
2. What is the handling fee for buying a car by credit card?
After the fee changes, the credit card charges will be cancelled. If the charging standard is above, there will be 60 yuan's handling fee for every 10,000 yuan, and the specific handling fee will be determined according to the credit card amount.
It costs at least tens of thousands to buy a car. If the 4S shop bears the handling fee for swiping a credit card, the cost of each transaction will increase by at least several hundred yuan. Hundreds of customers may not read it, but for 4S stores, the handling fee is not small for everyone to swipe a credit card.
This is why many 4S stores are reluctant to let customers buy cars with credit cards. If customers just want to swipe their credit cards, 4S stores will not stop them, but they will ask customers to bear the credit card handling fee themselves. If they can't afford it, they can only use a debit card.
So much for the introduction of how to buy a car with a credit card.