The credit card installment car purchase process is simple and fast in approval, and there are regular promotions

The credit card installment car purchase has the characteristics of simple procedures and fast approval, which is very suitable for consumers who have credit cards from this bank. At present, many domestic commercial banks have opened credit card installment car purchase services, but the cooperative models are limited. Among them, the credit card installments that support the BMW Z4 include Bank of China Auto Loan and Ningbo Bank Credit Card Installment Car Purchase. The two have different installment fees and approval requirements. There are differences.

Various banks promote credit card installment car purchases under the banner of "interest-free", but interest-free is not free. When purchasing a car, consumers need to pay an agreed proportion of handling fees in one lump sum. The down payment for a credit card installment car purchase is 30%, and the installment handling fees vary depending on the term. The installment handling fees for one-year, two-year, and three-year car purchases are around 4.5%, 7.5%, and 10.5% respectively. The specific fees are as follows : BMW Z4 Credit Card Car Purchase Installment Cost Model and Price BMW Z4 Cabriolet Sdrivi23i Leading Type ￥589,000 Down Payment Ratio and Amount 30%, ￥1,767,000 Installment Amount ￥4,123,000 Installment Period 2 Years 3 Years Handling Fee Ratio 8.36% 8.5% 11.95% 10.5% Procedure Fee amount￥ 34469￥35046￥ 49270￥ 43300 First month payment (monthly payment + handling fee)￥51649￥ 52226￥60723￥ 54745Remaining monthly payment amount￥17180￥ 17180￥11453￥ 11453 Total installment amount (instalment amount + handling fee)￥446769￥ 447346￥461570￥ 455600 Note: Red represents Bank of Ningbo credit card installment data, black represents Bank of China credit card installment data (calculated using Bank of Ningbo installment car purchase and Bank of China Auto Loans as examples); the above data are only for For reference, the specific data shall be subject to the announcement by the bank.

It can be seen from the above cost data that the 2-year handling fee for purchasing BMW Z4 in installments with Bank of Ningbo credit card is more affordable, and the 3-year handling fee for purchasing BMW Z4 in installments from Bank of China is more affordable. iGo.com recommends that you choose a suitable bank for credit card installment based on your actual loan period.

No matter which bank you choose for credit card installment car purchase, timely repayment is a must so that you can have a good credit record and enjoy preferential interest rates.

Page 1: BMW Z4 loan guide for bank car loans

Page 2: BMW Z4 loan guide for credit card installment car purchase

Page 3: Car Finance Company’s BMW Z4 Loan Guide