1. Is it cost-effective to buy a car in installments with a CCB credit card?

Currently, there are only 5 commercial banks in China that can handle credit card loans for car purchases, namely: China Merchants Bank, Bank of China, China Construction Bank, Minsheng Bank, Bank of Ningbo. Advantages and disadvantages of credit card installment car purchase: 1. Low handling fee and 0 interest rate: Compared with bank loan car purchase and car loan purchase from automobile financial institution, credit card installment car purchase has no interest. Of course, the so-called 0 interest rate will charge a handling fee, but for the procedure With lower fees, it is still a better choice compared with the other two types of loans; 2. Fast approval speed: Fast approval speed is also a major advantage of credit card installment purchases. Some banks have the fastest approval speed for credit card loans to purchase cars. It is completed within 40 minutes and no longer than 3 days; 3. Although the approval speed is very fast, it is also due to some limitations of credit card purchases.

2. Do I need to mortgage a green book to purchase a car with a CCB credit card?

The answer is required. For now, when most banks handle credit card installment car purchases, they require borrowers to sign relevant mortgage contracts with the bank and mortgage the purchased vehicle to the bank.

This approach of banks is to control risks in case borrowers are unable to repay. When the borrower has fully paid off the loan, he or she can go through the procedures for canceling the vehicle mortgage registration.

3. If I buy a car in installments with a CCB credit card, will it be considered a full-pay car?

If I buy a car in installments with a CCB credit card, it will be considered a full-pay car.

A car loan refers to a loan issued by a lender to a borrower who applies to purchase a car. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loans refers to the ratio of the loan amount and principal issued by banks to consumers, that is, borrowers, for the purchase of self-use cars (non-profit family cars or business cars with 7 seats or less (inclusive)). The higher the interest rate, the greater the repayment amount the consumer will have to pay.

The term of automobile consumer loans is generally 1-3 years, with a maximum of no more than 5 years. Among them, the loan period (including extension) of second-hand car loans shall not exceed 3 years, and the loan period of dealer car loans shall not exceed 1 year.

According to the regulations of the Central Bank, car loans are subject to the benchmark loan interest rate, but each financial institution can float within a certain range above and below the benchmark interest rate. The car loan period of major banks generally does not exceed 5 years. The interest rate of car loans directly determines the cost of people's loans, and thus becomes an important factor in deciding whether people take loans for consumption.

The calculation formula of monthly car loan payment: A=P(1i)[(1i)^n-1]/n^2/i, where A is the monthly payment and P is the total payment Amount, i is the monthly interest rate (annual interest/12), n is the total number of months of payment (year × 12).

Loan conditions:

Have valid identity certificate and full capacity for civil conduct;

Be able to provide proof of fixed and detailed address;

Have a stable career and the ability to repay the principal and interest of the loan on time;

Good personal social credit;

Hold a car purchase contract or agreement recognized by the lender;

Cooperation Other conditions specified by the agency.

4. How much cheaper is it to buy a car in installments with a CCB credit card than with a commercial loan?

The interest rates for car installments with CCB are different according to different models and different installments. You can go to the car installment details Find out. I think the numbers are different. There are also ones with a handling fee of "0". Doesn't this mean there is no handling fee? Just divide the principal by the number of periods. It must be more accurate than the commercial model. You can go by yourself