; Using a credit card to buy a car and other car loan methods. In terms of methods, buying a car with a credit card has its own advantages. There are two payment modes for buying a car with a credit card: one is to pay in full with a credit card; Then apply for bill installment from the bank. The premise is: the available limit of your credit card is enough to pay for the car payment. Second, most car dealers support using credit cards to buy cars in installments. The difference is that the banks that designate installment cooperation are different, so before buying, you must remember to ask the merchant whether the bank credit card you hold can buy cars in installments. .

Comparison of installment car purchases with credit cards from China Merchants Bank, China Construction Bank, ICBC and Bank of Communications:

China Merchants Bank’s “Car E-Go” has lowered the threshold for “small sum quick loans”, and ordinary credit card customers can also By swiping a credit card to purchase a car in installments, you can get a loan of up to 50,000 yuan. The 24-month installment fee is equivalent to only half the annual interest rate cheaper than the expected annual interest rate of a car loan. Sources from the credit card department of China Merchants Bank revealed that they contributed to 20% of the incremental customers of some car dealers. Credit card installments do not require mortgage or tedious information filling, and are increasingly favored by card lovers. If you use a China Merchants Bank credit card loan to buy a car, it is not cost-effective to deposit 30,000 yuan and spend 50,000 yuan at once with the card, and then repay 20,000 yuan in installments, because the 20,000 yuan can only be applied for "bill installment" method, and the maximum can be The maximum amount of 20,000 is 80, which is the part of 16,000. The application is divided into 3, 6 or 12 installments for repayment, and the handling fee of , or is borne respectively. This is even more expensive than a car loan directly applied for by a bank. This point will not be introduced. The recommended method is to try to directly apply for the "Car Purchase" of China Merchants Bank credit card to buy a car without depositing 30,000. With just 20,000, you can get into the range of higher car prices, and it comes with 0 interest and 0 handling fees. The main points are as follows: 1 Depending on the car model, the total installment amount of China Merchants Bank’s credit card car purchase business ranges from 30,000 to 200,000 yuan. The amount is determined by the cardholder’s credit card limit, credit status and other factors. The cardholder can be within the limit. Select the total installment amount at will. 2. The minimum down payment ratio for buying a car with a China Merchants Bank credit card is 30% of the car price. 3. The total handling fee for purchasing a car with a China Merchants Bank credit card = total installment amount × handling rate (the handling fee will be included in the first installment bill after the installment purchase). 4. China Merchants Bank’s “Cheyigou” must purchase theft insurance, third party liability insurance, and vehicle damage insurance, and the number of insurance periods cannot be less than the number of installments. Warm reminder: Installment rates for different models and periods are different. Some banks only offer installment for designated models. The threshold for credit card installment is not low either. Cardholders generally have a credit card limit of 100,000 to 200,000 yuan.

China Construction Bank buyers need to hold a Long Card credit card (excluding commercial cards, student cards, supplementary cards and guaranteed cards) to buy cars at car dealers designated by China Construction Bank. The buyer pays a part of the down payment and applies for a loan of a certain amount. After submitting it to China Construction Bank for approval, the actual installment amount will be divided into several equal installments, and the cardholder will repay the loan monthly within the agreed period and pay a certain handling fee. The application process is as follows: Terms and conditions: (1) CCB provides 12-term (one year), 18-term (one and a half years), 24-term (two years), and 36-term (three-year) car purchase installment services. (2) The installment amount range for car purchases is generally 20,000 yuan - 500,000 yuan (the installment amount range varies depending on different models). CCB will decide whether to pass the approval and the approved amount based on the cardholder's credit behavior and consumption repayment status. (3) The minimum down payment ratio is 30% of the net car price (the down payment ratio will be different according to different models), and the down payment must be paid in cash or debit card. (4) Cardholder handling fee = installment amount × cardholder handling rate (the handling fee will be included in the first monthly bill after the installment purchase). (5) Cardholders need to purchase motor vehicle loss insurance when purchasing a car in installments, and the insurance period is the same as the installment period. (6) If the installment amount is not divisible by the number of repayment periods, the system will automatically round up the repayment amount of each period. (7) The first month’s installment amount = cardholder handling fee The installment amount/number of installments; the monthly repayment amount from the second month onwards = the installment amount/number of installments.

ICBC Credit Card Installment Car Purchase Process 1. Customers choose their favorite car model, but the car model must be provided by a car dealer designated by ICBC to participate in ICBC Credit Card Installment Car Purchase Service. For specific optional models, please refer to: ICBC Credit Card Installment Car purchase plan; 2. Submit a credit card installment car purchase application to ICBC or the designated car dealer (just submit the required materials); 3. ICBC reviews the customer’s application for a credit card loan to purchase a car; 4. The customer pays the car down payment to the car dealer ; 5. After passing the review, ICBC signs a loan, guarantee, etc. contract with the customer; 6. ICBC issues a loan, and the bank directly transfers the loan applied by the customer to the car dealer's account. 7. You can pick up the car after handling car insurance and other services; 8. Repay the loan to ICBC on time through credit card every month. The process of car purchase with ICBC credit card has been determined, so how much is the handling fee for installment car purchase with ICBC credit card? In fact, this is comprehensively determined based on different car brands, models and installment periods.

The process of buying a car in installments with a Bank of Communications credit card: (1) Go to the car dealership to choose the car model you like, and then note the price and performance of the car; (2) Contact the relevant bank credit card center and provide your relevant information information and ask yourself whether you can apply for a credit card installment car purchase service. If the bank gives you a definite answer saying that you are eligible for installment payment, then the basic conditions are ready for the next step. (3) Go to the 4S store where you want to buy a car and fill out the credit card installment application form. Of course, this 4S store should be a partner of the bank. The model you purchase also needs to be a designated cooperative model. In this way, the 4S store will fax your application. Submit it to the credit card center and wait for approval. (4) After the bank approves it, you can take delivery of the car after paying the down payment to the 4S store. Bank of Communications does not determine the handling fee based on the length of the term, but on the installment amount. The greater the amount, the lower the handling fee. That is to say, it depends on how much car you buy and how much down payment you have to make.