Yes

Credit card installment car purchase is a credit card installment business launched by banking institutions. The credit limit that cardholders can apply for is 20,000-200,000, depending on the situation of some banks; there are three types of installments: 12 months, 24 months, and 36 months; there is no loan interest rate for credit installment car purchases, and banks only charge formalities Fees, the handling rates for different installments are different.

Since the credit limit of general credit cards is limited, card-issuing banks generally require cardholders to provide proof of financial resources. Proofs of financial resources recognized by banks include real estate certificates or commercial housing sales (pre-sale) contracts and house purchase invoices. Some banks The credit card itself is required to have an overdraft limit of 100,000 yuan to 200,000 yuan. Some banks allow cardholders with good credit to apply for a separate credit limit to purchase a car in installments.

Obviously, more and more banks across the country will launch credit card installment car purchase services in response to customer needs. Currently, there are China Construction Bank Dragon Card installment car purchase business, Bank of China "Car Loan Tong" business (only in Beijing area), China Merchants Bank "Car Purchase Easy" business, China Minsheng Bank "Car Purchase Tong" business, and Industrial and Commercial Bank of China Peony Card installment car purchase business. , the installment car purchase business of some local city commercial banks, such as Hankou Bank, Ningbo Bank, etc.

However, each bank has its own threshold: China Merchants Bank requires a down payment of more than 30 yuan to be able to pay for the car in installments, while ICBC said it can pay in full. Some banks offer zero handling fees for some models. In addition, the installment rates for different car types and periods are different, and some banks only offer installment for designated car models.