Generally speaking, there is no interest-free charge for buying a car by credit card in installments. As far as the loan term is concerned, China Merchants Bank offers two options: 12 and 24 installments, and the handling fee rates are 3.5% and 7.0% respectively. In addition, in addition to providing at least 30% of the car purchase price, the car buyer needs to prepare the handling fee in advance, because this fee is charged for the first time. It is understood that once the handling fee is collected, the bank will not return it. Therefore, the borrower should think twice before choosing the loan term, because if you repay in advance in the future, it is basically meaningless from the perspective of loan cost and will not save any expenses.

In addition to preparing the down payment and handling fee, the owner should also remember to prepare the auto insurance fee. It is understood that to participate in the "Easy Car Purchase" business of China Merchants Bank's credit card installment purchase, three types of insurance must be insured:

(1) Theft rescue (full car price insurance);

(2) Third party liability insurance (not less than 200,000);

(3) Car damage insurance (insured amount × 80% = installment amount), and the number of insurance periods cannot be less than the number of installments.

The handling fee standard for credit card installment car purchase is for reference only. In practice, banks will make corresponding adjustments according to different models and standards. For example, some models have cooperated with banks to launch the 12 phase of fee-free activities, while some best-selling models will increase the fees, so the fees in the above information are for reference only.