20%-50% down payment for buying a car in installments. According to the different loan methods selected by consumers, the application materials provided are unnecessary, and the down payment ratio may be different. At present, most banks stipulate that the minimum down payment is 40% of the total car price, and the minimum car financing can reach 20%.

Generally, there are two options for the loan term: 3 years and 5 years, with the longest term not exceeding 5 years. Some also need to pay a deposit of about 10% of the car price and related handling fees. In March, the customer paid about 3,000 yuan, and the total interest expense was about 9,000 yuan. In May, the customer paid only about 1.900 yuan, during which the customer can repay in advance at any time.

Matters needing attention in down payment for buying a car

Car insurance by installment: If consumers choose to buy a car by installment with a credit card, the general car dealers will require the designated insurance company to insure the car insurance for a specified period of time, and consumers should pay attention to whether the car insurance price is acceptable.

Unless consumers apply for unsecured credit loans in the bank and go to 4S stores to buy a car in full, other forms of loans will not get the discount of buying a car in full. At this time, car dealers often verbally promise various concessions to consumers, but the promises that are not on the pen are all on paper. In order to avoid disputes in the future, consumers need to consider when choosing a car loan method.