There are significant differences in the actual operation between buying a car by loan and buying a car by credit card, and they are not the same way of buying a car.

First of all, the advantage of car loan is low interest rate. Take China Construction Bank as an example. In 216, the interest rate of car loan was between one year and three years, and the total interest rate was 4%, 8% and 12% respectively. However, the loan threshold is high, and many supporting documents need to be provided, and third-party guarantees may be involved, and the approval process may be long. In addition, car loans may also occupy personal credit lines, and traditional car loans have complicated procedures and high interest rates, which have limited appeal to some consumers.

In contrast, credit card installment purchase simplifies the application process, and only one eligible credit card is required, eliminating the cumbersome guarantee procedures. The application conditions of most 4S stores usually only require nearly half a year's salary and the opening of mobile banking. In addition, installment repayment is convenient, just by credit card, and some models have interest-free or low handling fees. However, it should be noted that the choice of vehicle types is limited, and there may be requirements for handling fees and car insurance. The handling fee rate is usually between 3% and 7%, and the insurance regulations may be different.

Although credit card installment seems to be favorable, there may be handling fees and other extra costs hidden behind "interest-free". In addition, consumers may be restricted to buy vehicles at the guide price and cannot enjoy new car discounts. Moreover, there may be problems such as compulsory auto insurance promotion and "overlord clause" in the contract during the car loan process.

Therefore, when choosing the loan method, car buyers should not only consider the interest rate, but also comprehensively consider the factors such as application threshold, complexity of procedures, extra expenses and car purchase restrictions, so as to make the most suitable decision for them. At the same time, be alert to potential loan traps and ensure a comprehensive understanding of the terms and expenses.