Article, you will understand what is 0 interest rate.
When the bank car loan interest rate needs to rise 10% on the basis of the benchmark interest rate, the high interest rate makes "0 interest rate 0 interest" become the yearning of many consumers who are ready to borrow money to buy a car, but when you choose this kind of car loan,
However, it is found that there are very few optional models, and the discounts are all 50%. Such restrictions are inexplicable and even have a high handling fee. After calculation, "0 interest rate 0 interest" didn't make you get much cheaper.
Mr. Liu, who has always wanted to buy a car, once considered borrowing money to buy a car, but found that only the guarantee fee, insurance premium and other related expenses would cost more than 7,000 yuan, which is very uneconomical if the annual interest is added. "I heard that some models have zero interest rates." Mr. Liu began to think of zero interest rate.
situation
Maximum difference of car loan in two years 1272 yuan.
Take 1 1 10,000 yuan automatic car as an example. Calculated by ordinary loans, the down payment is 40%, and the loan is 65,000 yuan, which will be paid off in two years. The total interest for two years is about 5500 yuan, and then the monthly repayment is about 2937 yuan.
According to the credit card installment repayment calculation: 40% down payment, the remaining 65,000 yuan car payment, paid off in two years. Credit card repayment does not need to pay interest, but the handling fee is 6.5% of the loan amount, about 4225 yuan. After accounting, the monthly repayment is about 2884 yuan.
According to this calculation, paying back the car loan by credit card costs less 53 yuan every month than ordinary loans, saving 1272 yuan for two years.
"Zero interest rate" is insulated from the best-selling cars.
Buying a car with a loan can make many people drive ahead of time. The bank car loan interest rate rises by 65,438+00% on the basis of the benchmark interest rate, so consumers not only enjoy the preferential price of buying a car in one lump sum, but also pay higher interest. If you apply for a regular car loan of 6.5438+10,000 yuan, you can pay it off in three years by means of equal principal and interest, and the interest paid in three years is as high as 6.5438+10,000 yuan, which is really not cost-effective. Therefore, "0 interest rate 0 interest" is favored by some consumers.
At present, smart car dealers naturally understand the hearts of consumers and begin to promote zero interest rate and interest-free publicity. "Down payment of 80,000 yuan, driving away mazda 6, zero interest, zero monthly payment." It is understood that the so-called zero interest rate and zero monthly payment refers to a down payment of 50%, interest-free within one year, and a one-time repayment of the other half of the car purchase after one year. Will banks or auto financing companies really lend money to ordinary people for nothing? A credit staff told reporters that zero interest rate does not mean that banks or auto financing companies do not charge interest, but that this part of interest is borne by manufacturers and dealers, and then subsidized to banks or auto financing companies. If you carefully observe these models with zero interest rate car loan business, you will find that the real "zero interest rate" discount rarely appears on the hot-selling models, especially the new cars that have just been listed, and most of them are models with large market concessions. A dealer boss mysteriously told reporters that "zero interest rate" is only a propaganda means, and there are many restrictions and mysteries. Rather than simply lending you money, dealers and manufacturers will not do business at a loss.
"zero interest rate" model
If you buy Crown, Corolla, VIOS and other models, you can enjoy "0 interest rate and 0 monthly payment", and you can drive away the Crown with a down payment of 50%. Don't pay within one year, and pay 50% more after one year.
You can enjoy a loan interest rate as low as 0%, a flexible loan period of 1-4 years, and ultra-low daily payment from 49 yuan. You only need to pay 50% of the car price to win the purchase, and the remaining 50% will be settled after 1 year. During the loan period, you can enjoy 0 interest rate and pay in 0 months.
Lexus launched a "zero interest rate, 1 take 3" financial car purchase scheme for IS300 and ES350 luxury versions: 50% down payment, interest-free monthly payment for 1 year, 50% balance payment after 1 year, or 30% or 50% down payment and interest-free loan for two years.
If you buy Audi A4L, 12- 18 will enjoy zero interest rate and zero monthly payment, and 24-36 will enjoy low interest rate and low monthly payment.
Buy Mercedes-Benz imported E\SLK\B\GLK series and enjoy 18 months zero interest rate or 36 months 2.99% low interest preferential loan scheme.
Buy Buick Excelle for free1February, 24 interest-free installments.
Counting Six Crimes of "Zero Interest Rate"
In the context of bank loans raising interest rates all the way, car loans that used to be troublesome can still be interest-free. Is the "car loan zero interest rate" discount worth it? Professionals remind that when choosing an interest-free car loan to buy a car, we should pay attention to factors such as handling fee, insurance premium, floating quota, loan quota and loan term.
1. Can't enjoy the preferential car price.
The guide price of the car bought by Zhou Xiao is 6.5438+0.798 million yuan, the discounted price is 6.5438+0.638 million yuan, and the cash purchase is 6.5438+0.6 million yuan. "Zero interest rate" loan, only 8,000 yuan discount. according to
On the basis of the preferential price of 17 18000 yuan, the down payment is 30%, that is, 5 1540 yuan. If the loan is made for one year, it needs to pay back more than RMB 10000 per month, and the interest can be exempted from RMB 5,000, resulting in a loss of RMB 3,000. 2. Handling fee
Not cheap
Zero interest rate requires a handling fee, which generally requires the owner to pay 3% to 9% of the loan amount. The repayment period of zero-interest car loan ranges from 12 to 24 months. Take FAW-Volkswagen as an example, the service fee for 12 months is 3.5%-6%, and the service fee for 24 months is 7%- 12%. If the car price is 1.5 million yuan, the down payment is 50%, the loan amount is 75,000 yuan, and the handling fee is 9,000 yuan after 24 months.
3. Compulsory insurance has many hidden costs. During the repayment period, insurance must be purchased according to the requirements of the bank. If the loan due is not paid off, the bank will have the right to recover the car. In addition, some luxury cars need to pay more than 3,000 yuan in handling fees, data review and other expenses in advance, and they also need to buy five basic types of insurance, about 5,000 yuan a year, before they can apply for loans.
Generally speaking, the longer the car loan time, the higher the cost. According to the standard monthly interest rate of car loan stipulated by the state, if insurance and interest are added, the interest-free car loan with repayment period of 12 months is indeed one to one.
General bank loans are cost-effective, but the cost of 24-month repayment period will be higher than that of ordinary bank car loans, and after entering the second repayment period, the interest of ordinary car loans will decrease with the decline of principal. The cost of an interest-free car loan is
Fixed.
5. It is difficult to pick up the car in time and enjoy the "zero interest rate" car purchase with long process, such as long operation process and relatively long time to pick up the car.
6. Only applicable to specific models
Your favorite model may not enjoy zero interest rate. For example, bank credit card installment payment has restrictions on models, many of which are only for slow-moving models, and popular models rarely enjoy zero interest rate concessions.
Buying a car by installment with a credit card is also very economical.
At present, there are three main forms of personal automobile consumption loans in the market: credit card installment car purchase, auto finance company loans and bank loans. The reporter visited the auto market and found that many consumers like to choose credit cards to buy cars.
The most popular credit card car purchase in the market
1. China Merchants Bank "Easy to Buy a Car"
Cooperative brands: FAW-Volkswagen, Dongfeng Peugeot, Guangqi Honda, Beijing Hyundai, Dongfeng Citroen, Shanghai Volkswagen Skoda, Changan Suzuki, Volvo.
Conditions: the loan amount mainly depends on the credit limit of the credit card and the previous repayment record. If the credit line is 50,000 yuan and the credit record is good, you can borrow 200,000 yuan.
Down payment: 30%-40%, you can't pay by China Merchants Bank credit card, you can only use debit cards or credit cards from other banks.
Handling fee:/kloc-3.5% for 0/2 installment (month) and 7.0% for 24 installment (month). China Merchants Bank will provide activities for free from time to time, such as enjoying the zero handling fee of 12.
2. Construction Bank Longka Car Purchase Staging Business
Co-brands: Dongfeng Citroen, Dongfeng Nissan and Volkswagen imported cars.
Conditions: Longka customers only, annual card fee 100 yuan/gold card, 60 yuan/ordinary card. The loan amount provided by Longka is less than 200,000 yuan. Theft insurance and vehicle loss insurance must be purchased, and the first beneficiary is the owner himself.
Down payment: more than 30%. You can't pay by dragon card, you can only use debit card or credit card of other banks.
Handling fee:/kloc-3.6% for the 0/2 installment (month) and 7.2% for the 24 installment (month), but the full handling fee of CCB will be charged in the first month. China Construction Bank often provides activities for free from time to time, usually during 12.
3. Minsheng Bank "Car Purchase Link"
Co-brand: FAW-Volkswagen and Volvo Conditions: Whether you can apply for the maximum amount depends on the credit card amount, credit status and the current use of credit cards. The total installment payment of FAW-Volkswagen is 40,000-10.5 million yuan, and Volvo is s 40. Due to the high price, the installment payment amount is 400,000-300,000 yuan.
Down payment: more than 40%.
Handling fee: 65438+provided in February, April and March, and the handling fee for FAW-Volkswagen models is 2.99%, 5.99% and 9.99% respectively; For Volvo models, the handling fees are 0, 5.99% and 9.99% respectively.