1. This is the same repayment time as a credit card, fixed every month.
2. The monthly installment principal is recorded on the billing date and repaid on the due repayment date. This is consistent with the billing date and repayment due date. According to the information provided, the bill date is the 5th and the repayment due date is the 25th. If you go to the 4S store to pick up the car on 10/10, then it will be on 11/5. The principal of the first month of this installment will be credited to 11/ 5. This bill can be paid before 11/25.
3. Assuming the handling fee is 6, then the installment amount of the first installment is 120000/24=5000, and the installment handling fee is 120000*0.6=7200. The first installment recorded is 5,000 7,200 = 12,200, and the installment amount for each subsequent installment is 5,000. The installment amount will be credited to your account in each installment, and you just need to repay it on time and according to the bill amount.
Extended information:
Car loans are subject to the loan benchmark interest rate, but each financial institution can float within a certain range above and below the benchmark interest rate. The car loan period of major banks generally does not exceed 5 years. The interest rate of car loans directly determines the cost of people's loans, and thus becomes an important factor in deciding whether people take loans for consumption.
The formula for calculating the monthly car loan payment: A=P(1 i)[(1 i)^n-1]/n^2/i
A: Monthly payment Payment
P: Total payment amount
i: Monthly interest rate (annual interest/12)
n: Total number of months of payment (year × 12)
The actual interest rate of a car loan is determined by the bank based on the actual situation of the customer and the benchmark loan interest rate stipulated by the central bank. Customers with excellent general conditions can enjoy the benchmark interest rate or a discount of about 10%, while ordinary customers need to pay the benchmark interest rate. The interest rate will increase by about 10%.
Baidu Encyclopedia-Car Loans