The choice of one of three loan to buy a car, a credit card payment, a bank loan, the other is a car finance loan.

Credit card payment must be specified with the vehicle manufacturers, and the loan period of up to more than two years, has its limitations; car finance loan interest rates high, generally higher than bank loans one or two; in comparison, bank loan interest rates low, the long duration of the loan, the longest up to 5 years, and the minimum first payment according to the situation can be reduced to two.

Bank loans following the traditional mode, car loan business, choose "direct style" business customers to the bank after the first loan to buy a car; there is a consumer loan business, as long as the real estate collateral in the bank, you can get a loan, and can be used to buy a car; there is a credit loan business at present, in some banks, as long as there is a stable job wage earners, can apply to a sum of money for consumption, but also in the car. While some banks have special discount for such as civil servants like work, the loan amount, repayment is also convenient.

Auto loan refers to China established upon approval of the Banking Regulatory Commission, non bank financial institutions to provide financial services for car buyers and consumers China within the.

"Automobile loan financial institutions zero interest rate"

Now many banks and car finance car loan products are labeled zero interest rates, looks very tempting, but in "behind the car loan zero interest rate", the lender would be invisible.

If you participate in similar to the "zero interest rate purchase a car" activities, price concessions range generally reduces. Thus, even enjoy a zero interest rate preferential, preferential price to pay less interest can make up for the loss of.

Generally speaking, in accordance with the provisions of national standard on vehicle loans 0.45% interest rate, insurance and interest together, 12 month repayment period interest free car loan, is indeed better than general bank loans to cost, but 24 months repayment costs would be higher than normal bank car loan, but also in the repayment period of second years in general, car loan interest will decrease with the principal decline, but free car loan fee is fixed.

Owners generally need to pay 3% of the loan amount to 9% of the fee. Zero interest car loan repayment period of 12 to 24 months, with the FAW Volkswagen as an example, the 12 month repayment period 3.5%-6% to additional fees, 24 month repayment period will be charged a fee of 7%-12%. If the price of 150000 yuan, down 50%, loans amounted to 75000 yuan, 24 months payment to 9000 yuan fee.

The application of zero interest rates of car loan generally must be in accordance with the bank for the purchase of insurance, such as the maturity of the loan was not repaid, the banks have the right to the automobile recycling. In addition, some luxury cars require upfront pay hefty fees, data auditing fees, and also the compulsory purchase of 5 basic types, a year 5000 yuan of insurance, the only way to qualify for a loan.

In addition, enjoy the "zero interest rate" purchase a car also has some unfavorable factors, such as the long operation flow, mentioning the time is relatively long, own love vehicle may not be able to enjoy zero interest rate.