The down payment for buying a car by installment is 2%-5%. Depending on the loan method chosen by consumers, the application materials provided are not needed, and the down payment ratio may be different. At present, most banks stipulate that the minimum down payment is 4% of the whole car price, and the minimum auto financing can reach 2%.

Generally, there are two options for the loan term: 3 years and 5 years, with the longest term not exceeding 5 years. Some also need to pay a deposit of about 1% of the car price and related handling fees. The monthly loan for customers is about 3, yuan for three years, and the total interest expense is about 9, yuan, while the monthly loan for five years is only about 1,9 yuan, during which customers can repay in advance at any time.

Precautions for buying a car with down payment

Car insurance by installment: If consumers choose to buy a car by installment with a credit card, general car dealers will ask for a specified period of car insurance in a designated insurance company, and consumers should pay attention to whether the car insurance price is acceptable.

unless the consumer applies for an unsecured credit loan in the bank and withdraws the money and goes to the 4S shop to buy a car in full, otherwise other forms of loans will not get the full discount for buying a car in full. At this time, car dealers often promise consumers all kinds of benefits verbally, but the promises that don't fall on the pen are all on paper. In order to avoid disputes in the future, consumers need to consider it when choosing car loan methods.