Can I buy a car in installments if the credit card limit is not enough?
This is possible.
Most banks' credit cards are purchased by stages, which is not directly related to the credit card quota. It can be said that it is a special installment quota based on credit cards. In fact, it is a consumer credit loan, and the amount is related to the price of the vehicle to be purchased. Compared with bank car loan, it is different in approval and cost.
In addition to the cardholder's personal qualifications, credit card installment also depends on the cardholder's credit card usage. After all, this is for quality customers. If the credit card is overdue or there are abnormal transactions, the bank will refuse.
If you want to buy a car by credit card, you need the cardholder to apply to the bank. Generally, you need to click on the credit card installment online and fill in your personal information, the amount you want, contact information, etc. After the bank receives the application, it will review it. After the approval, the amount will be transferred to the cardholder's credit card, and then the car dealer designated by the bank will swipe the card to buy a car.
How about buying a car by credit card installment?
Although the threshold of buying a car by credit card by installment is lower than that of directly seeking a bank car loan, there are restrictions on car brands and models. Generally, you can only go to the dealer designated by the bank and buy the designated model, so there is little room for free choice.
In terms of handling fees, credit cards are free to buy cars by installment, but monthly handling fees are charged, and the actual annual interest rate is above 18%, which is much higher than the bank car loan interest.