Buying a car by installment with a credit card means that the cardholder applies to the issuing bank to pay the car consumption by installment, repays the car consumption monthly within the agreed repayment period, and pays the handling fee according to the regulations of the issuing bank. This method requires a certain proportion of down payment, and the balance can be paid back every month; You don't need to pay interest, you just need to pay the handling fee, which the bank will generally charge in one lump sum for up to three years.

What information do I need to prepare for buying a car by credit card?

Whether to approve the car purchase by installment by credit card, and how much loan you can finally get, mainly depends on the relevant certification materials provided by the applicant, such as resident status, fixed income, asset status, credit history and so on.

When will the installment fee for credit card purchase be charged?

At present, most bank credit card installment car purchase fees are generally paid in one lump sum at the time of the first payment and the first monthly payment, and cardholders must prepare the down payment and handling fees when buying a car.

What is the credit card installment process?

For individuals who use bank credit cards to purchase cars by stages, the following processes are generally required:

The buyer chooses the car at the car dealer designated by the issuing bank. If the bank has no restrictions on cooperative brands, the buyer can choose the car dealer and model first, and then call the account manager of the issuing bank to choose the car.