Buying a car by installment requires interest. The down payment for car purchase by installment is generally 2%-5%, and the loan amount is not higher than 8% of the car price, but the longest loan period is not more than 5 years. Three years is the best choice, and the interest expense of five years is higher. Some also need to pay a deposit of about 1% of the car price and related handling fees.

if you want to buy a car by stages, you can also apply through the following channels: bank loan: you can borrow money from a bank loan to buy a car, the loan interest rate is moderate, and there are many models to choose from. However, in practice, it takes a lot of time and energy to run loans. In order to control risks, banks usually need a long time to review and applicants need to submit a lot of information. If you want to apply and are not afraid of trouble, a bank loan is a good choice. As we all know, credit card installment does not charge interest, which is also the biggest advantage of credit card installment to buy a car. At the same time, credit card installment is convenient and fast, and can be completed by one phone call. Sometimes you can enjoy certain discounts when you meet the cooperation between banks and car dealers. However, it should be noted that although there is no interest fee for credit card installment, there is a handling fee. The longer the staging time, the higher the handling fee rate. Usually, the handling fee rate for more than one year will be equal to or slightly higher than the bank's consumer loan interest rate for the same period. Auto financing companies buy cars through auto financing company loans, which is not only convenient and fast, but also has low application threshold. As long as consumers have a certain repayment ability and pay the down payment, they can apply for a loan. However, consumers also need to pay attention to the fact that the loan cost for auto financing companies to buy cars is usually relatively high. Generally, in addition to the loan interest fee, there are a series of fees such as handling fees.

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