If you ask, which is the best B-class car under 300,000? Taking into account the appearance, control, brand, configuration, power and space, the BMW 3 Series is undoubtedly the best choice. As an entry-level model in the BBA brand, the BMW 3 Series has a large number of fans. "There is no way around a BMW 3 Series in life." Many young people regard the BMW 3 Series as their ideal car.

Xiao Wang, who lives in Beijing, plans to change his car in the near future. He wants to replace his golf car with a BMW 3 Series 2020 320Li M sports package.

“The car I drive now is an old Golf. I bought it a few years ago when I was getting married. Because I had just bought a house and had just renovated it, and after buying it, I was going to have a wedding. There are all kinds of big expenses, and I wanted to save some money for my wedding, so I didn’t dare to buy a BMW 3 Series. I regret it now. I went to see the car with my colleagues a few years ago, and it felt really different when I was sitting in the 3 Series.”

The manufacturer's guide price of the BMW 3 Series 2020 320Li M sports package is 318,900, and the local dealer quoted 296,300. If you choose to buy the car in full, you will also need to add purchase tax, license fee, vehicle and vessel usage tax, and first-year insurance of about 33,000. The total cost of picking up the car is about 329,300. To buy a car with a loan, the down payment ratio is about 30%. , 30% of the car price plus various taxes and first-year insurance, the total down payment is about 122,000.

Purchasing a full-price car requires a lot of money, which is quite stressful for most people. Especially after the COVID-19 epidemic, all walks of life have been hit hard, and people’s income expectations and consumption sentiments have been greatly affected. There have been great changes, and basically no one dares to spend a lot of money. In this case, buying a car through finance is a very wise choice. Among them, buying a car with a credit card is a good way to finance a car. ?

Purchasing a car with a credit card sounds simple. In fact, the business details are quite complicated. If you plan to purchase a car with a credit card, you may wish to read on.

Purchasing a car with a credit card can be divided into two ways: purchasing a car by installment and swiping a credit card. We might as well look at them separately.

Buying a car by installment with a credit card is essentially similar to buying a car with a loan. It is a credit card installment business for large purchases launched by banks. Generally speaking, applicants can apply to banks for car loan installments ranging from RMB 20,000 to RMB 200,000. The installment periods include 12 months, 24 months, 36 months, etc. It doesn’t matter if you don’t have a credit card with such a large limit. As long as the application is successful, the bank will issue you a special large-deposit credit card, and the limit in it will be used to pay for the car. You only need to repay the credit card installments every month. . To put it simply, although it relies on the credit card product, it is actually a large consumer loan.

The advantages of buying a car in installments with a credit card are obvious:

(1) The application threshold is not high and the process is relatively simple. You can apply directly on the official websites of major banks or mobile APPs. Mortgage guarantee is required;

(2) The so-called "zero interest" means no interest, but there is usually a handling fee, which is charged in one go or on a monthly basis;

(3) The amount is high , can be as high as hundreds of thousands;

(4) The installment period is long, 2 or 3 years is no problem;

(5) The bill is clear, and the credit card bill is issued every month, only All you need to do is repay the amount to your credit card (there will also be penalty interest for overdue payments, and you will be subject to a credit report). ?

The interest cost of buying a car in installments with a credit card is slightly higher than that of a bank car loan, but lower than that of a general manufacturer's financial loan. Take a bank as an example:

The handling fee for a credit card installment car purchase with an installment period of 12 is 5%; the handling fee with an installment period of 24 is 8%; and the handling fee with a 36 installment is 11%.

For general car loan products, the interest rate for a 12-term loan is 3.9%-5%; the interest rate for a 24-term loan is 6.9%-8%; and the interest rate for a 36-term loan is 12%.

In addition, there are certain limitations to buying a car by credit card installment. Some brands and models may not necessarily support the credit card installment method. Each bank's credit card installment car purchase business often limits cooperative dealers, brands and models, and the range of choices is narrow.

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When buying a car at a 4S store, if the salesperson recommends you to use a credit card to purchase a car in installments, you may wish to compare the credit card installment car purchase fees with the manufacturer's financial loan interest and bank loan car purchase interest. , choose the optimal solution after comprehensive comparison.

Another way to use credit card leverage to buy a car is to use the existing credit card limit and directly swipe the card to buy a car. Just like ordinary card purchases, after swiping the card to buy a car, the cardholder can choose to pay back the car in one go. Payment can also be made in installments. You can swipe your credit card directly to buy a car in full, or you can swipe your credit card to pay the down payment when buying a car with a loan.

Some must-know tips for buying a car with a credit card:

(1) Who will bear the credit card handling fee?

Credit card swiping transactions generally have a handling fee, which is usually borne by the merchant. Currently, there is no upper limit on the handling fee for large-amount credit card swiping, and buying a car often involves a relatively large amount. Correspondingly, Card swiping fees are also relatively high. Therefore, 4S stores may not allow consumers to use credit cards to buy cars. Even if they support it, they will generally require consumers to bear the card swiping fees themselves, passing the cost on to consumers.

(2) Is the credit card limit sufficient?

The amount of buying a car is relatively large, and the limit of a single credit card is limited. The limit of Jinpu Card is usually tens of thousands. Therefore, it is usually necessary to swipe multiple credit cards to get it together. It should be noted that you should not swipe the card beyond the limit. The so-called swipe the card over the limit means that the amount of the card swiped exceeds your credit card limit. Some banks will provide over-limit credit card swiping services, but there are also certain limits. Some banks do not provide over-limit credit card swiping services. Once the limit is exceeded, the transaction will fail, causing inconvenience. ?

(3) Is the bill installment fee cost-effective?

If the consumer only has temporary turnover and is able to repay the full amount at once on the due date, then the credit card turnover is still the best option. It's more appropriate, after all, there is an interest-free period. If you cannot repay the loan in one go when it is due, you need to apply for bill installments, which involves the cost of installment fees. Then it is best for consumers to compare the bill installment fees with the credit card installment car purchase fees to see whether the bill installment method is cost-effective.

(4) Are there points for buying a car with a credit card?

Each bank's credit card stipulates the types of merchants that do not accumulate credit card points. Normally, there are no points for swiping credit cards at 4S stores to buy cars. However, some banks will give you points for swiping cards through Alipay or WeChat. About On this point, you need to consult the card issuing bank in advance. After all, some consumers are very concerned about the accumulation of points. Small wool is also "meat", and credit card points are also a kind of transaction feedback, which can help consumers get some blood back.

(5) Repayment issues

Whether it is a one-time full payment or an installment payment, credit card repayments must be made in full and on time. Once overdue, overdue interest will accrue. Most banks charge overdue interest based on the "full penalty interest" method. That is, as long as it is overdue, interest will accrue on both the paid and unpaid portion of the current bill, and the losses will be self-evident. If the overdue situation is serious, it will be reported to the central bank for credit reporting, resulting in a bad credit record, which will affect future purchases of houses and cars.

In general, it is very convenient to buy a car with a credit card, the threshold is low, and the financial cost is not high, so it is suitable for most people to adopt. In addition to being used for large purchases such as buying cars, having a credit card is convenient for consumption and has many benefits. Almost everyone among young people has one (it is also common for one person to hold multiple cards).

Are you aware of these benefits of credit cards?

(1) The credit card limit is relatively high. Generally, as long as you have a regular job, even if you apply for a card through online application channels and apply for a regular card or gold card, the limit will be several thousand to tens of thousands.

(2) The credit limit can be used repeatedly. Once the card is issued, as long as it is used reasonably, it will rarely be blocked.

(3) Credit cards have a longer interest-free period, up to 56 days. During the interest-free period, there is no interest for purchases made with the card.

(4) Before the repayment due date, there is zero cost for full repayment. If you cannot repay in full, you can repay the minimum repayment amount at about 10% of the bill, so that it will not affect your credit score. , or you can repay in installments to share the financial pressure. ?

(5) Credit card rates are relatively low. As a bank credit product, credit cards are very generous in terms of rates. The overdue interest rate is 5/10,000 per day, the same as Huabei, Baitiao, etc., in installments The handling fees are not high, and banks often promote installment fee discounts, so the cost of funds is still relatively low.

(6) Some co-branded cards, especially high-end cards, also have various benefits, such as airport VIP rooms, airport transfer services, points exchange for miles, etc.; in addition to functional advantages, banks also encourage everyone to use We will also launch various preferential activities for applying for and swiping credit cards. The preferential merchants cover all aspects of food, drink, entertainment, shopping, housing and transportation. If used well, credit card benefits and discounts can also help cardholders save money. This is how the "wool party" came about. The editor once used the platinum card to get a four-day and three-night trip to Hong Kong. No money was spent on hotels and air tickets. You can also enjoy free airport VIP room services and receive discounts at many merchants in Hong Kong. As an Autohome user, how can you not apply for an Autohome co-branded card? Apply for the Autohome co-branded card now and enjoy many benefits:

1. Can you enjoy the classic “12% discount on refueling”?

From now until June 30, 2020, with Ping An Automobile Customers of the Autohome co-branded card can enjoy a 12% discount on Autohome online fuel card recharge purchases if they make any purchase of 188 yuan in the month.

Each customer can receive up to 30 yuan in gas bonuses per month, and can save up to 360 yuan on gas consumption throughout the year! The “12% off on refueling” activity supports PetroChina and Sinopec’s refueling discounts and covers many gas stations, which is very practical. 2. Can you enjoy a 50% discount on food?

Card holders can enjoy a 50% discount at more than 5,000 catering merchants across the country. It is a proper "meal card". Currently, it supports Little Sheep, Mister Pizza, Popular restaurants such as Ajisen Ramen, Burger King, Holiland, Tous Les Jours, etc. are a must-have money-saving tool for “foodies”.

3. Worry-free driving service

Card holders can enjoy 3 times a year unlimited driving service in the same city. Car owners who have a lot of wine and social events may wish to prepare one. With the Autohome co-branded card, if you can't help but have a drink one day, you can activate the driving service, and professional drivers will deliver it to your home safely for free.

Apply online, get approval quickly, and have one card at your fingertips, making buying and using a car more worry-free! ?

This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.