The name of China Merchants Bank's credit card loan to buy a car is Chebuyi. China Merchants Bank has to pay more than 3% down payment before it can be phased, while ICBC says it can be fully phased. Some banks can also get zero handling fee for some models. In addition, different models have different installment rates for different periods, and some banks only have designated models for installment. The following is a detailed introduction to the process, advantages and disadvantages of China Merchants Bank's credit card loan to buy a car. The official name of China Merchants Bank's credit card car purchase is "Car Purchase Easy". Credit card holders of China Merchants Bank can apply for this loan service, but only those who have been invited by China Merchants Bank or have been certified for a long time can pass the loan approval (the card holding time is at least one year, and there is no bad credit record and the credit limit is at least 5, yuan). There are 13 brands that have cooperated with China Merchants Bank to handle the "Car Purchase Easy" activities, all of which are joint venture brands, namely: Guangzhou Honda, Dongfeng Peugeot, Beijing Hyundai, Changan Suzuki, Dongfeng Citroen, Shanghai Volkswagen Skoda, GAC Toyota, Shanghai GM Chevrolet, FAW Toyota, FAW-Volkswagen, Dongfeng yueda Kia, Shanghai Volkswagen and Dongfeng Honda, but not all the above brands can handle the "Car Purchase Easy". See the following table for details: using credit card loans to buy a car only charges a handling fee without interest, which is already very affordable compared with commercial loans, but now China Merchants Bank has also launched a "free handling fee" campaign with some brands to buy designated models, which has brought great benefits to consumers. Long-term cardholders who hold China Merchants Bank credit cards can apply for "Car Purchase Easy". China Merchants Bank's "Car Purchase Easy" activity is the earliest credit card car purchase activity in China, and it is also a mature credit card car purchase activity involving the most brands. However, the approval of China Merchants Bank's "Car Purchase Easy" activity is still relatively strict, and it can only be handled after becoming a credit card user of China Merchants Bank for a period of time. Advantages of China Merchants Bank's "Car Purchase Easy" loan details: There are many brand models involved and there is a "zero handling fee" for car purchase. Disadvantages: the loan requirements are strict

China Merchants Bank's credit card loan process for buying a car 1. Call China Merchants Bank to inquire about the eligibility and installment quota for car purchase (that is, credit card installment products); 2. Select the favorite car model at the contracted car dealer designated by China Merchants Bank; 3. The cardholder goes to the dealer to handle the on-site car purchase business with his valid ID card, which includes: ID card, passport, military officer's card and other valid documents when applying for a credit card; 4. The cardholder pays the installment payment by swiping the card from the dealer; 5. After the vehicle is licensed, China Merchants Bank informs the cardholder to sign the following documents with the credit card department of the local China Merchants Bank: (1) Car Purchase Easy Installment Contract (2) Car Installment Mortgage Contract (3) Power of Attorney (allowed by the local vehicle management office, and the cardholder needs China Merchants Bank to handle the mortgage formalities). After the mortgage formalities are completed, the dealer will inform the cardholder to pick up the car, and the dealer can consult the dealer for the specific time of picking up the car.