1. Is it interest-free to buy a car in installments?

There is interest-free to buy a car in installments.

Interest-free car purchase by installment is just a selling point. Usually, car purchase by installment is interest-free, but installment fee will be charged. The longer the installment is, the more the installment fee will be, which is sometimes higher than the interest on car loan.

a credit card installment business launched by credit institutions. The credit limit that cardholders can apply for is 2,-2,, depending on the situation of some banks; There are three stages: 12 months, 24 months and 36 months. There is no loan interest rate for car purchase by credit installment, and banks only charge handling fees. No

Due to the limited credit limit of general credit cards, card-issuing banks generally require cardholders to provide financial proof, including house sales contracts and purchase invoices. Some banks require credit cards to have an overdraft limit of 1,-2, yuan, and some banks allow cardholders with good credit to apply for car purchase by credit installment.

obviously, there will be more and more banks offering credit card installment car purchase services nationwide with the needs of customers. There are China Construction Bank's Longka installment car purchase business, China Bank's "Car Loan Link" business (only in Beijing), China Merchants Bank's "Car Purchase Easy" business, Minsheng Bank's "Car Purchase Link" business, China Industrial and Commercial Bank's Peony Card installment car purchase business, and some local city commercial banks' installment car purchase business, such as Hankou Bank and Bank of Ningbo.

But each bank has its own threshold: China Merchants Bank must pay 3% of the balance in installments. Some banks can also get zero handling fee for some models. In addition, the installment rate is different, and some banks only have designated models for installment.

Except for the number of periods and the handling fee rate, the number of periods, handling fee and profit type of car purchase business of other banks will be determined.

Buying a car by installment with a credit card has also become one of the important channels for car loans. The most obvious advantage of credit card car loan is the loan interest rate. Advantages of single loan benefit.

second, how to calculate the monthly loan at rest interest

first, how to calculate the monthly loan

Because the repayment method of auto loan is more flexible than mortgage, the general auto loan interest calculator can't meet the requirements of calculating auto loan. In addition, the fixed-term interest rate is different from that of local areas, and a good auto loan calculator needs strong background data support. The loan calculator provided by general websites can only calculate simple equal repayment or equal repayment methods.

II. Purchase tax

In 211, there were two formulas for calculating the purchase tax:

vehicle purchase tax of 1.6 liters or more = taxable value × 1%

vehicle purchase tax of 1.6 liters or less = taxable value ×7.5%

taxable value of vehicle purchase tax was determined according to the following provisions:

(1) The total price and extra-price expenses paid to the seller for the taxpayer to purchase taxable vehicles do not include the value-added tax, that is to say, the total amount of the price and expenses issued on the Uniform Invoice for Motor Vehicle Sales obtained by you is divided by (117%) as the tax basis.

(2) The formula for calculating the taxable value of taxable vehicles imported by taxpayers for their own use is: taxable value = customs duty paid price 1 customs duty 1 consumption tax.

(3) The taxable value of taxable vehicles produced, donated, awarded or otherwise obtained by taxpayers for their own use shall be verified by the competent tax authorities with reference to the minimum taxable value stipulated in Article 7 of these Regulations.

third, how to calculate the monthly interest-free installment for buying a car?

Calculation method of interest-free monthly car loan:

1. Interest-free installment payment for car purchase has two forms, namely, average capital and equal principal and interest. The representative of average capital means that the monthly repayment amount of the applicant is gradually decreasing during the loan period. Equal principal and interest means that the monthly repayment amount of the applicant is fixed during the loan period.

monthly repayment amount = loan amount ÷ loan term.

2. Interest-bearing installment payment.

(1) equal principal and interest repayment method.

monthly repayment amount = loan principal × monthly interest rate × (January interest rate) ÷ (January interest rate) ÷ repayment months-1.

(2) average capital repayment method.

monthly repayment amount = (loan principal ÷ repayment months) (principal-accumulated amount of repaid principal) × monthly interest rate.

4. How to calculate the installment payment for buying a car

Using the knowledge of series, there is an installment payment formula: x = a (1p) m [(1p) m/n-1]/[(1p) mx-a 1]

where is the principal of A, p is the monthly interest rate, the number of months in M, and n times. X is the amount of each payment. For example, the mortgage is 7, yuan for 5 years. At this time, a = 7,, p = .8m = 6n = 6, and x=1473.55 is substituted, and the interest is 6× 1473.55-7, = 18413.2.

1. average capital repayment method (hereinafter referred to as matching method): also known as diminishing method, because the principal of the loan repaid by the buyers is the same every month, the interest of the next loan will be reduced due to the reduction of the principal every time, so the principal and interest of the loan repaid in each period will be reduced by each period. This method has the same monthly principal, with the highest repayment amount in the first month, and then decreases month by month.

2. Equal principal and interest repayment method (hereinafter referred to as this method): the total amount of principal and interest per month is fixed, and the loan principal and interest are divided into several equal parts on average according to the loan term, and the total amount of principal and interest repaid per month is the same. This method is convenient for buyers to plan funds.

Extended information:

Note on credit card repayment:

According to the Notice of the People's Bank of China on Credit Card Business, the conditions and standards for cardholders to enjoy interest-free repayment period and minimum repayment amount for overdraft consumption are determined by the card issuer.

previously, the central bank stipulated that the longest interest-free repayment period of credit cards was 6 days, and the minimum repayment amount in the first month should not be less than 1% of the overdraft balance in that month. Although banks can set their own standards, most banks still follow the previous interest-free period, and most banks have an interest-free repayment period of 5~6 days.

although most banks will automatically postpone the repayment for at least two days, cardholders must ensure that the repayment will be recorded in the bank's overdue deadline, and if it is not recorded in time, it will still be counted as overdue.

in addition, the cardholder should also pay attention to the fact that if an individual transfers money through an ATM, the issuer will handle the fund transfer 24 hours after accepting it, which means that if the repayment person transfers money from another person's card to his credit card through an ATM, it will not arrive until 24 hours later.