Traditional 4S stores require a down payment of at least 30% of the car price, plus purchase tax, insurance, and the upfront cost of licensing. For example, a car priced at 150,000 yuan requires a down payment of about 70,000 yuan. In fact, the down payment is about 70,000 yuan. The down payment ratio exceeds 40%.

Thirty percent down payment is 45,000, and 50% requires 75,000. This is just the down payment, and you have to prepare about 20,000 for various expenses, such as taxes. Fees, insurance, etc., which means the minimum requirement is 65,000.

The actual payment ratio for a car purchase with a loan will be greater than the down payment ratio. Although you can purchase a car with a loan and only need to pay a minimum of 30% of the bare car price, the purchase tax, insurance premiums and other expenses cannot be borrowed.

Forms of car loans:

1. Bank loan

Choose to buy a car through bank loan. The loan interest rate is moderate and there are many types of cars to choose from. . However, the actual process of applying for a loan takes time and effort. In order to control risks, banks usually take a long time to review and require applicants to submit a lot of information. If you want to apply without the hassle, bank loans are a good choice.

2. Credit card installment plan

As we all know, there is no interest fee for credit card installment plan, which is also the biggest advantage of buying a car through credit card installment plan. At the same time, credit card installment is convenient and fast, and can be done with just one phone call. Sometimes when banks cooperate with car dealerships, you can enjoy certain discounts. However, it should be noted that although there is no interest fee for credit card installment, there is a handling fee.

3. Auto finance company

In addition to being convenient and quick, the application threshold for buying a car through an auto finance company is not high, as long as the consumer has a certain repayment ability and has paid With a down payment of a loan, you can apply for a loan. However, consumers also need to pay attention to the fact that when buying a car with a loan from an auto finance company, the loan cost is usually relatively high. Generally, in addition to paying interest on the loan, there are also a series of fees such as handling fees.

4. Small loan companies

The threshold for buying a car through a small loan company is not high, the car model selection is not restricted, and the rates are higher than those of banks. The loan methods and repayment methods are more flexible, and the approval is slightly faster than that of banks.