How to get a loan to buy a car? I want to buy a Buick LaCrosse. How to get a loan, how much is the down payment, and how many years can the loan be taken?

Generally, the loan to buy a car should not exceed your annual income. 200%, preferably 150%, otherwise the monthly payment plus car maintenance costs will be very stressful. If you don't have financial support from relatives and friends with your income, it would be unwise to take out a loan to buy a car worth 220,000 yuan.

As for the loan to buy a car, it depends on which form you choose. The first is credit card installment, which can be said to be the most convenient and preferential. You pay a certain percentage of the handling fee in one go according to the term of your loan. Yes, there is no interest rate, but there are certain restrictions on car models and car prices (each bank is different, but it is generally a car within 150,000 yuan. Yours may not meet the standards, so you need to consult for details).

The second is a bank vehicle loan. The loan amount and repayment term are higher than credit card installments, and there are no restrictions on vehicle types. However, it is not applied to individuals now. You need to go to the intermediary guarantee agency introduced by the bank. The procedures for paying guarantee fees and deposits are also complicated, and the requirements for providing materials are also very demanding. The loan interest rate fluctuates according to national regulations.

There is also a loan through an auto finance company. The advantage is that the procedure is simple. The car loan can be provided with one-stop service, and there are many plans. The repayment method is flexible, with zero interest rate and 50% down payment after one year. If you pay 50% in full, there are cases where the payment amount is increased month by month. Specific consultation is required, but generally speaking, the loan interest rate of auto finance companies is slightly higher than that of banks, and compared with the above two bank loan methods, loans through auto finance companies are usually very convenient. It is difficult to enjoy car price discounts.

The down payment and loan period vary depending on the selection method. Car finance loans have zero down payment (but generally additional conditions). Banks and credit cards generally have a minimum down payment of about 20% and a maximum term of 5 years. You can consult your bank or car finance company for specific loan options.

What are the requirements for buying a Buick LaCrosse by installment? What is the minimum down payment for a Buick LaCrosse?

Generally speaking, the down payment for buying a car with a loan is 30%. If there is an event, some models can offer zero down payment or 20% down payment.

Currently, banks’ traditional mortgage car purchase business is shrinking, replaced by credit card installment payments and loans from auto finance companies. Which of these three loan car purchase models is more cost-effective for consumers? In fact, it is difficult to know which car and which loan method are suitable for customers. Customers need to choose the car model themselves and then discuss it with the 4S store, because the car models agreed with the bank are not necessarily all car models, and loans may not be available for hot-selling models. , and some models may be discounted by 4S stores for customers.

In addition, when taking out a loan to buy a car or charging various financial service fees, notary fees, renewal deposits and other fees, consumers should not rush to give money, but should ask more questions and consult more. The contract must be See clearly, ask questions clearly, ask a few questions why, and keep every receipt well.

For the 2020 Buick LaCrosse, are there three-year interest-free loans?

Currently, there are no three-year interest-free loans, but only two-year interest-free loans.

For many models, a two-year interest-free loan may require a down payment of 40% or 50%, instead of a simple 30% down payment. The remaining amount needs to be paid off within two years. In fact, the remaining loan does not mean that the bank does not charge interest from the car owner, but that it becomes borne by the manufacturer and 4S store.

Since the two-year interest is borne by the 4S store and the manufacturer, for the sake of profit, the 4S store will naturally find profits from other places. For example, charging fees. In addition to charging a handling fee, the car owner is also required to buy insurance, and this must be done at a 4S store. In addition to the necessary insurance, there are other commercial insurances that car owners are forced to purchase.

Required conditions for buying a car with a loan

1. The car buyer must be over 18 years old and have full civil capacity.

2. There must be a stable income or other assets that can be easily converted into cash. Of course, assets that are easily liquidated mainly include stocks or some precious metals.

3. During the loan application period, the car buyer must deposit no less than the down payment for the car specified by the bank into the account at the savings counter of the handling bank.

4. Provide the bank with a guarantee recognized by the bank.