How to buy a car with a credit card in three simple steps

Buying a car with a credit card is a matter of concern to many people. How to own your own car as soon as possible? Here is an inventory of how to buy a car with a credit card. , what is the process of buying a car in installments, how to use a credit card to buy a car, etc. I hope everyone can drive the car of your choice as soon as possible.

The first step is to apply for a credit card

Many banks support credit card installment loans for car purchases, but the implementation procedures are basically the same.

1. China Merchants Bank’s official credit card installment car purchase service is called “Car Purchase Easy”. Anyone who is a credit card holder of our bank can apply for it, but the review process is strict. Only those who are invited by China Merchants Bank or Only certified long-term cardholders can be approved for loans.

2. The biggest advantage of China Construction Bank’s “Longka Car Purchase Installment Payment” is its relatively low handling fee. For example, if the loan is repaid in 12 installments, the maximum handling fee is only 3, and there are also some models. You can enjoy 0 handling fees. If you repay in 24 installments, the highest handling fee is only 7. This is still a big advantage among other banks that handle installment car purchases.

Apply for a credit card quickly and get the card as soon as 24 hours

The second step is to select the car model and go through the formalities

1. The user goes to the designated dealer to choose the car ;

2. Fill in the application form and submit application materials;

3. Bank approval (approval time ranges from 40 minutes to 3 days);

4. If approved, go to the bank to complete relevant procedures;

The third step is to pay the down payment to pick up the car

1. Low handling fee and zero expected annualized interest rate:

Relevant Compared with car loans from bank loans and car loans from auto financial institutions, there is no interest in credit card installment car purchases. Of course, the so-called zero expected annualized interest rate will be spent on handling fees, but for lower handling fees, compared with the other two A loan is still a better choice.

2 Fast approval:

Fast approval is also an advantage of credit card installment car purchase. Some banks' credit card loan car purchase can be approved in as fast as 40 minutes, and the longest will not exceed 3 days. , although the approval speed is fast, this is also caused by certain limitations of credit card car purchase. Everything has its own pros and cons. The shortcomings of credit card installment car purchase will be mentioned later.

3 Cheap and affordable:

Most credit card banks have credit card points activities. After purchasing a car, you can exchange the corresponding point gifts at the bank with a credit card. It can be said to kill two birds with one stone.

The fastest way to buy a car with a loan: Buy a car in installments with a credit card

In life, we all have our eyes on the car we like, but we often can’t get it because we have no money, but If you have a credit card, you can get the car of your choice quickly and easily. Next, I will introduce to you the fastest way to buy a car with a loan, which is to buy a car in installments with a credit card.

1. The process of buying a car by credit card installment is simple:

1. The cardholder chooses the car of his choice, but the car he chooses must meet the conditions for credit card installment application;

2. Fill out the application form for installment car purchase and submit relevant information as required by the bank, generally including application form, assets, credit status, personal income certificate, etc.;

3. Bank staff will review the application

4. After passing the review, sign an agreement with the borrower;

5. The bank will sign a car installment purchase contract with the cardholder and handle the car mortgage registration procedures. etc.;

6. The cardholder pays the down payment and successfully picks up the car.

2. The time to buy a car by installment with a credit card is fast:

Under normal circumstances, the entire process from submitting the application to handling the home mortgage and finally swiping the card to apply for the installment will only take about a week at the fastest. time. It is also recommended that those who are planning to buy a car in installments set up the automatic repayment function for their credit card, which is very convenient.

What should I do if I pay in installments with a credit card to buy a car? What is the process?

Nowadays, many banks offer credit card installment payment services for car purchases. Compared with purchasing a car from a 4S store, the cost will be lower. I suggest that friends who want to buy a car, if they have a credit card, may wish to choose this option. This way, today I will briefly introduce how to use credit card installment payment to buy a car.

Warm reminder: Car models purchased with credit card installments do not include second-hand cars and business cars.

1. Credit card installment car purchase process:

1. It must be a special dealer designated by the bank. Consumers should check the official website of the bank before buying a car and choose a car. For the make and model, call the dealer or go directly to the dealer to fill out the application as required.

2. To make an appointment online, it is best to call in advance to communicate with the staff of China Merchants Bank and check whether there is loan qualification and amount;

3. Wait for the bank staff to assist with the process and prepare Relevant information (ID card, credit card, employment certificate or real estate certificate, etc.);

4. Submit relevant information to the bank and wait for review;

5. After passing the review, pay the down payment After applying for insurance, you can wait for the loan to be released and you can pick up the car.

2. Basic conditions for buying a car by credit card installment payment

The conditions that need to be met to buy a car using a credit card are very simple, because consumers who hold a credit card have already passed the bank’s third It is reviewed together, so as long as the credit card is used normally and has no bad credit record (overdue, frozen, suspected of cashing out), etc., it is relatively easy to apply.

1. Persons in mainland China;

2. Natural persons with full capacity for civil conduct;

3. Aged between 18-60 years old;

This ends the introduction on how to buy a car by installment with a credit card and the disadvantages of buying a parking space with a credit card on installment. I wonder if you found the information you need?