With the continuous development of social economy, cars have become a means of transportation for many people, and buying a car has also become the pursuit of many young people. However, not everyone can pay the high cost of car purchase at one time. Many people will choose loans or installment payments. So is it better to buy a car by loan or by credit card? This paper lists the differences between buying a car with a loan and buying a car with a credit card in several aspects. As for which is better, card friends can choose according to their own situation.
1. The benchmark interest rate for bank loans: 6% for 6 months to 65,438+0 years, and 6% for 65,438+0 years to 3 years as the application conditions: buy a limited range of cars from a special dealer recognized by the bank, and have stable professional and economic income or assets that are easy to realize. Advantages: the interest rate is relatively low; The cycle can be flexibly selected, and the interest on prepayment will be saved. Disadvantages: the loan time is relatively long; Loan approval is troublesome and strict; The down payment ratio is higher. Second, credit card installment credit card installment fee, 12 The minimum installment fee of the bill is the floating range of each installment fee under the benchmark rate. Application conditions: stable income and no bad credit record; It is best to have real estate, and the bank has quality customers. Advantages: low threshold for credit card installment, simple procedures and short approval time. Disadvantages: the repayment period after installment is relatively short, the applicant's credit is required to be high, and the prepayment fee cannot be less. To sum up, if the cardholder only has short-term financial difficulties, he can choose credit card installment. If the loan time exceeds half a year, it is recommended to choose a bank loan, which will be relatively cost-effective. Whether buying a car is a bank loan or a credit card installment, card friends must ensure that they can repay on time. I want to buy a car by credit card, and introduce the credit card application entrance; If you want to get a loan to buy a car, you can click it. The threshold is low, the loan is fast, the amount is high, and the most important thing is not to charge any fees, but also to ensure the safety of personal information.
Second, which is more cost-effective to go directly to the bank car loan or credit card car loan?
According to your specific situation, buying a car is not available for all models.
At present, China Merchants Bank has personal car consumption loans, which are issued by our bank to customers who buy brand-new non-operating cars under my name. It is used to pay for the car purchase, and it is impossible to lend cash. (Second-hand car loans are not supported at present) If you have seen the car you need to buy through the car dealer, you can confirm whether you have cooperation with China Merchants Bank through the car dealer. If not, you can try to contact the personal loan department at the counter of China Merchants Bank directly to apply for a loan for you. The handling bank needs to examine your situation in detail to determine whether you can handle it. The maximum loan amount is 2 million yuan. And the maximum loan amount does not exceed 70% of the price of the purchased vehicle (excluding various additional taxes and premiums); The loan term is generally not more than 3 years, and the longest is not more than 5 years. Specifically, you can explain your city, and we will further help you determine whether there is this type of loan in the local area. "Easy car purchase" means that the Bank provides a certain installment quota according to the credit status of credit card holders, so as to meet the demand of cardholders to buy designated brand cars during the disposal period of designated dealers. Cardholders can repay the car purchase money in monthly installments only by paying a certain handling fee, which is a new car loan model that fully reduces the repayment pressure. For the car purchase problem of our bank, you can log on to the credit card website and click "credit financing"-"car installment" to inquire.
3. Is it better to buy a car with a credit card or a loan?
Credit card installment fee rate is converted into