1. Can a credit card be used as a down payment to buy a car?

Yes, according to today's statistics when it comes to buying a car with a credit card, the credit card installment payment is high. But use credit card funds, "zero" down payment, and arrive in advance to live a car-owning life. However, consumers should be cautious when choosing to use a credit card to purchase a car. If the repayment amount exceeds your ability to repay, the heavy financial burden will also make you breathless.

2. Can I use a credit card to pay the down payment when buying a car with a loan? Why?

Yes.

Currently, there are two credit card swiping modes for car purchases:

One is to swipe the credit card to pay in full, and then apply for bill installments from the bank. The premise is: the available limit of your credit card is enough to pay for the car payment. Second, most car dealers support the payment of credit cards to buy cars in installments. The difference is that the banks that specify installment cooperation are different, so before buying, you must remember to ask the merchant whether the bank credit card you hold can be used for installment. Buy a car. The credit card installment car purchase method has a more convenient application process, a lower threshold, and the cheapest handling fees. However, the choice of car loan method still depends on your own situation.

For example, if you are interested in a vehicle with suitable performance and style, and the price is 100,000 yuan, then you can apply for a credit card installment payment with a down payment of 30%. After paying the car payment, you will need to pay interest of approximately RMB 8,400 within three years on a loan of RMB 70,000.

However, if you save the credit card installment fund of 70,000 yuan and deposit it in the bank or use it for investment, then under the current interest rate level, even if it is calculated as a three-year time deposit, the maturity will be There is also interest of about 8,900 yuan. The only difference between the two is that credit card installment requires interest to be paid upfront and repaid monthly. Therefore, after careful calculation, purchasing a car through credit card installment is not as uneconomical as imagined.

3. Can a credit card be used as a down payment to buy a car?

Yes, please contact the card issuing bank for details.

It is indeed very common to buy cars with a credit card today, but judging from the repayment data, the handling fee for credit card installment repayment is higher than the loan interest. But by using a credit card to buy a car, you can enjoy a car-owning life with "zero" cash, "zero" down payment, and early arrival. However, consumers should be cautious when choosing to use a credit card to purchase a car. If the repayment amount exceeds your ability to repay, the heavy financial burden will also make you breathless.