, all require a certain down payment. So, how much is the down payment for buying a car using a Guangfa Bank credit card? What is the down payment ratio for car purchase using Guangfa Credit Card installment plan? Let the credit card editor give you a brief introduction.

If the car price is less than 200,000 yuan, the down payment of the car installment with Guangfa Bank credit card shall not be less than 20% and not less than 20,000 yuan; if the car price is more than 200,000 yuan, the down payment shall not be less than 30%.

After buying a car by installment payment with Guangfa Credit Card, the principal and handling fees payable in each installment will be included in the minimum repayment amount. If the principal and handling fees payable in the current period are not repaid in full upon maturity, they will be In case of late payment fees and interest, the principal repayment and handling fee for each period are calculated as follows:

1) If the handling fee is collected in one time, the first repayment shall be: principal/number of periods principal *Total handling fee, the repayment payable in each subsequent period is: principal/number of periods.

2) If the handling fee is collected in installments, the repayment payable in each installment is: principal/number of installments principal * each