Beijing area can apply for a credit card installment purchase a car of the bank, currently only 5 commercial banks can handle credit card loans to purchase a car, respectively is: China Merchants Bank, construction bank, Bank of Chinese Minsheng Bank and the Bank of Ningbo.Beijing credit card loansThe advantages and disadvantages of share

   Beijing credit card loans -Advantage

1 low fee zero interest rate:

    In general, compared with the bank loan purchase a car and car loan purchase a car, credit card installment purchase a car is no interest, zero interest rates the course will be spending on fees, but for the low fees, compared to the other two loans or a better choice.

    Of course, different types of fees are not, in general, 12 charges in 3% ~ 5%, 24 period in 4% ~ 7%. Compared to the 3 year period following bank loans benchmark interest rate to 5.4%, while most banks now car loan interest rates in the benchmark interest rate basis broke surface 10% ~ 30%, 5.94% ~ 7.02% after rising 10%. And the interest rate in the automobile financial institutions will be more high, even higher than 10%.

2The rapid approval:  Credit card installment purchase a car fast approval is also an advantage, some bank credit card loan purchase a car the fastest 40 minutes to complete, the longest not more than 3 days, although the processing speed is fast, but it is also due to some limitations of the credit card to purchase a car, everything has its advantages and disadvantages, in the back drop references to credit card installment purchase a car defects.

   Beijing credit card loans -Shortcomings

The 1 limit models

     The rapid approval is one of the advantages of a credit card purchase a car, but a quick approval is based on limitations, such as only a few cars, the maximum amount of only so much, must have the approval process must not be slow.

Each credit card installment purchase a car banks have the corresponding cooperation brands and can enjoy the business model, in the back of the details, if you want to hire purchase other models, sorry, only to find a bank or auto loans to financial institutions.

The 2 confined to a certain amount

 As with the use of credit cards, installment purchase a car business credit card is also a certain amount, which has a certain relation with the cardholder's work and economic capacity, any banks won't lend no guarantee of a huge amount of property. So, want to buy a car people, or do not choose the credit card installment loans.

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