Like a loan to buy a house, buy a car loan becomes a fashion. If there is not enough funds to purchase a car, the loan to buy a car purchase a car makers can ease the financial pressure, the early round car dream; if there are sufficient funds, car loans to purchase a car makers to increase liquidity assistance funds, make money more money.

It is understood, at present domestic car loans are mainly bank loans, car loans, lease financing automobile financial company in three ways, then, consumers choose what kind of loans will be more cost-effective to do, let us see.

　　The bank car loan$:%Interest rates are low, complicated procedures, high cost

Banks to provide personal automobile consumption loan is a car loan pattern is the most traditional, banks now offer car loan can be divided into "direct style" and "- type" two, "- type" refers to the borrower to the bank special car dealers to buy cars, submit the relevant loan data, and by the dealer to apply a bank loan.

The bank after the investigation after the examination and approval, signed loan contracts, guarantee contract, and legalization, insurance procedures. "Direct style" refers to the borrower to the bank to apply for loans, the bank agreed to purchase a car dealer place to go after. The loan period is generally3Years, the longest period of not more than5Years (inclusive). Loan interest rate of loans in accordance with the provisions of the people's Bank of Chinese of interest rates over the same period.

Advantage: bank car loan has the advantage of relatively low interest rates, although after the central bank again Shengxi, bank car loan interest rates also increased,1-3Annual interest rate from6.03%Transferred to the6.30%,3-5Annual interest rate from6.12%Transferred to the6.48%An auto financing company, but it up8%The above rates low, many. Some banks in order to attract customers also according to the customer's credit quality, will reduce the proportion of down payment, loan fixed number of year long, loan interest rates to below floating preferential.

Disadvantages: but, overall, the bank car loan application procedures complicated, need to purchase a car to provide a series of documentation and can be effectively right bank approved collateral or collateral or the compensatory ability of the guarantee of the third party. If "- type" loans, also need to have signed with the purchase a car purchase a car dealer agreement or contract. Also need a guarantor if not local household registration, the program is very complex, the loan rate is not high. Due to the recent bank lost in the number of car loan case, banks will increase lending efforts, loan difficulty must have more increase. In addition, some banks Judai still need to pay other costs, such as the guarantee fee, a fee, attorney fees, mortgage fees and so on, in the low interest loans but have to pay much higher than the automobile financial company charges. It is understood, the Guarantee Corporation to provide loan guarantees business to purchase a car owners, to charge the amount of loans1%~1.2%The fee for acceptance of the year guarantee rate and staff door-to-door service. If you purchase a car purchase15Million cars, loan10Million, the loan period3Years, then, the burden10Million(The amount of the loan)*1%.Year guarantee rate)*3Year =3000Yuan or3600Guarantee the amount of dollars, and600Yuan Huo800Acceptance fee yuan. Some dealers and banks with the agreement, although the guarantee fee is not required, but the condition is very high, such as the purchase a car to buy20Million cars, no other loan lender, monthly income8000Yuan, down payment required40%.

　　The automobile financial company+: interest rates high, simple procedures, low cost

　　2004Years10Month1To start the day, auto finance companies have engaged in auto finance business rights, then, general, Ford, Volkswagen, Dongfeng Citroen, Toyota many foreign automobile giants have been in the country out of the automobile financial company. The automobile financial company loan purchase a car has become the choice of the way, and its procedure is simple and other advantages to develop at a fast pace. It is understood, auto finance companies Shoufu generally20%~30%, the loan period of not more than5Years. Purchase a car makers selected plans to buy a car, can the dealer to the car company to buy, of course, brands and dealers must be opened to automobile financial business. As long as the integrity is good, generally can receive loans.

Advantage: the automobile financial company more professional and humane. Such as general financial wisdom loan and public financial flexible loan, consumers can be part of the loan amount (usually not more than25%) as the elastic tail section, the one-time payment of the loan period at the end of a month, instead of calculating the monthly payment amount, so as to be able to purchase a car makers for the month was significantly lower than the traditional credit for the month. At the end of the contract, consumers can have more choice: a one-time settlement of elastic tail section, complete car ownership; or on the elastic tail section and then apply for a12The two loan months; or in the dealer's assistance, second-hand cars new car, will end the money deducted from the trade. Generally speaking, the automobile finance company offers car loan, its advantage lies in the loan is flexible, simple procedures. It is understood, in terms of personal credit loans, auto finance company loan to pay more attention to purchase a car makers, education, income, work is the reference standard, without like banks to pledge, the field of household registration will not be loans obstacles. In addition, the auto finance company loan lending can be completed faster, usually within a few days.

Relatively speaking, the automobile financial company lending conditions than banks loose. As for car loans in the GMAC-SAIC automotive finance company, without a hukou restrictions, also do not need to real estate, only need to provide residence booklet or effective proof of residence, any recent water / electricity / coal / pay telephone bills, marriage or divorce certificates, specify the payment bank card, the borrower himself driving license, the borrower(The spouse or the guarantor)Valid identity documents, the borrower(The spouse or the guarantor)Effective proof of income.

Disadvantages: auto finance company car loan disadvantage is that loans with higher interest rates,5Some closer year interest rate9%, car loan interest rates than banks, auto finance company loan interest rates higher than2%Above.

　　Financing-Rent.Rent/: Shoufu low for months, high low expenditure

At present, the rent after the first buy, rented a car to buy is becoming the way. It is understood, there are some specialized leasing companies and dealers and banks jointly, sell the car by means of financing lease. The bank loans, personal as rental use, after paying off the loan of personal property to all. At present, the rent to buy consumer security includes the deposit guarantee, credit rating, property guarantee, mutual guarantee. Installment payment period can be as long as10Years.

Advantage: rent or buy consumer loan interest according to the benchmark lending rates, and the bank car loan down payment20%~30%Compared to rent or buy, consumer can choose zero Shoufu, licensing, purchase tax, insurance, car decoration and other costs can also purchase a car payment, the monthly income of high purchase a car makers pressure decreases, in addition, this form is not limited to the household registration requirements. Once the rent to buy gold failed to pay on time, can negotiate advance, purchase a car will not face the risk that the vehicle was recovered from the disposal of. In addition, the payment limit up to10Years, purchase a car makers monthly repayment pressure relieving.

Disadvantages: but, in addition to long payment term, zero Shoufu advantage, lease financing and bank loans is not much difference, from a cost point of view, because the interest rate is not10%Downregulation of preferential, therefore, financing lease than bank launched a new car loan products, the total cost may be more.

This article from the: Chinese lending network(www.loancn.com) Detailed source reference:Http://www.loancn.com/zhishi/news_detail.asp? Id=5158