CCB launched car installment payment service for Longka credit card holders. That is, the cardholder agrees to pay the down payment (the down payment is the net car price minus the approved amount), and applies to the bank to use his own dragon card (excluding business card, student card, supplementary card and security card) to buy a family car at the dealer designated by the bank. After the approval of the bank, the actual installment amount will be divided into several installments, and the cardholder will repay monthly within the agreed time limit and pay a certain handling fee.

Cardholder's handling fee = installment amount × cardholder's handling fee rate, and the handling fee is charged at one time; First month installment repayment amount = cardholder handling fee+installment amount/number of installments; Monthly repayment amount from the second month = installment amount/number of installments.

Let's take a look at the car buying process of buying a car by stages:

(1) The customer first selects a car at the dealer and tests it, and negotiates with the dealer to determine the purchase price;

(2) Show your credit card and ID card, and fill in the installment payment application form;

(3) Distributor submits customer application materials to CCB;

(4) After the application is approved, the customer pays the down payment to the dealer and goes through the relevant formalities;

⑤ After receiving the dealer's notice to pick up the car, pay the final payment by credit card and pick up the car;

⑥ Repay by monthly installments through Longka credit card.

It should be noted that the down payment cannot be paid by credit card, but can be paid by cash or debit card.