At present, the ways to buy a car by loan are mainly divided into: first, customers can go directly to the bank for loans before buying a car; The second is that the customer first looks at the car at the car dealer and then applies for a loan through the dealer; Third, credit card installment business and so on.

"Car Loan Link" is a new car loan model that China Bank grants credit cards a large amount of special installment quota according to the applicant's credit status to meet the applicant's car purchase demand. The advantage of car loan link is that there is no minimum repayment amount, that is, the minimum repayment amount, and the arrears are repaid monthly according to the requirements of credit card bills, and there is no vehicle type limit.

Flow chart of China Bank's car loan service: the down payment of car payment is more than 30% → applying for car loan service of Bank of China → bank review → car mortgage and credit card installment transaction → driving home.

From the perspective of loan interest rate alone, credit card installment has great advantages. The general bill is divided into 12 installments, and the bank charges at least about 3% handling fee. Now some models can be exempted from handling fees, which means that if you borrow 65,438+million yuan to buy a car, you can save at least 3,000 yuan in handling fees. By swiping a credit card, the burden of buying a car is also greatly reduced, because the down payment is generally above 30%, which means that the car that was originally required to be 65,438+100,000 can be directly driven home as long as the down payment is 30,000, and then the loan of several thousand yuan can be repaid every month.

However, each loan method has its advantages and disadvantages, and consumers should choose according to their own actual situation when choosing.