What is the credit card car purchase installment business?

Credit card car purchase installment means that the cardholder applies for car consumption installment payment from the card-issuing bank, and repays the car consumption payment on a monthly basis within the agreed repayment period.

This method requires a certain proportion of down payment, and the remaining balance can be repaid every month; no interest is required, only handling fees are paid, and banks generally charge it in one go, with installments up to 3 years.

Is there any difference between buying a car by installment with a credit card and buying a car with a loan?

Compared with other car purchase loans, the threshold for credit card installment loans is lower. As long as the applicant has a good personal credit record and can provide proof of work income or property recognized by the bank, the loan generally takes 7 working days. Completed within days. In addition, no interest is charged when buying a car in installments with a credit card, only handling fees are charged, which is cheaper than a general loan.